SONO

OIB Trade Alert: SONO

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…

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OIB Trade Alert: SONO

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…

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OIB Trade Alert: SONO

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…

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OIB Trade Alert: PFE, SONO

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…

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OIB Trade Alert: SONO

We accepted shares of Sonos (SONO) last week. I was waiting for a bounce to recommend a call to sell, and we are getting one today. Note that this recommendation is only for people who already own shares of SONO uncovered from a previous position. Current Stock Price: $32.13 Cost Basis: $36.90 Action: Sell to…

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OIB Trade Alert: C, SONO

We have positions in Citigroup (C) and Sonos (SONO) expiring today.   I am recommending we close our C put rather than risk holding through expiration, as I am a little uncomfortable with how the banks are trading.   Our SONO put is deep in the money. Therefore, I am recommending we accept shares. We…

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