Sonos (SONO) is up 2.5% since we entered our trade and the put premium has fallen sharply. Let’s book fast profits with a triple-digit annualized rate of return and free up capital for new trades. Current Stock Price: $22.50 Cash in Hand: $0.29 Action: Buy to close the SONO Jun Monthly (6/17) 20 Put Current…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
Let’s book profits on our Lyft (LYFT) and Sonos (SONO) positions. While the rates of return are smaller than we typically target, I want to remain nimble in this market environment, and that means taking profits off the table. LYFT Feb Monthly (2/18) 41 Put Current Stock Price: $43.75 Cash in Hand: $0.42 Action: Buy…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Sonos (SONO) Feb Monthly (2/18) 27 Put for around $0.33. You can go as low as $0.24, but please don’t start there and always use limit orders. (Current stock price: $29.20) TRADE TWO*: Sell to open Walt Disney (DIS)…
Our Sonos (SONO) call expired worthless on Friday leaving us with uncovered shares. The company is scheduled to report earnings on Wednesday, and I do not want to hold a position through the announcement. Thanks to today’s rally in the stock, we can exit with a small profit. Current Stock Price: $35.32 Cost Basis: $35.19…
Our Sonos (SONO) Nov Week Two (11/12) 35 Call is on track to expire worthless. We will simply watch it do so. The company is scheduled to report earnings on Nov. 17. I plan to recommend selling shares prior to the announcement and re-entering the position once the earnings dust settles. Current Stock Price: $34.12…
I am recommending we roll our General Motors (GM), Micron Technology (MU) and Pfizer (PFE) puts. The income we generate will reduce our net debits on these recovery positions as we work our way toward breakeven. I am also recommending we roll our Sonos (SONO) call out another week. However, with earnings scheduled to be…
I am recommending we sell a call on our uncovered Sonos (SONO) shares. The income we generate will reduce our cost basis on the position as we work our way toward breakeven. Note that this trade is only for those who already own shares on SONO uncovered from a previous position. Current Stock Price: $34.46…
Our Pfizer (PFE) call is slightly in the money. We will simply watch it expire. If our shares are called away, we will sell a put after the company reports earnings next week. If, however, the stock closes below $43, our call will expire worthless. Our Sonos (SONO) call is on track to expire worthless.…
I am recommending we roll our Pfizer (PFE) and Sonos (SONO) calls out one week and to higher strikes. This will allow us to capture more potential appreciation. PFE Oct Week Four (10/22) 42.50 Call Current Stock Price: $42.54 Cost Basis: $46.70 Action: Buy to close the PFE Oct Week Four (10/22) 42.50 Call for…
