SQ

Income Masters Trade Alert: SQ

Block (SQ) plummeted around 20% this morning after the release of a report from short seller Hindenburg Research. The short seller accuses Block’s Cash App of lax controls that facilitated crime. It alleges that employees and user concerns were suppressed or ignored while “criminal activity and fraud ran rampant on its platform.” And it said…

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Income Masters Trade Alert: SQ

Let’s book profits on our Block (SQ) put, earning a 0.6% return in three days, or 71% annualized. Current Stock Price: $78.17 Cash in Hand: $0.72 Action: Buy to close the SQ Mar Week Two (3/10) 70 Put for around $0.31, but adjust as needed to close today Profit: $0.41, or $41 per contract

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Income Masters Trade Alert: SQ

While there is no live trading session today, I am recommending we sell a put on Block (SQ). The payment processing company is one of my favorite income stocks, as it offers ample volatility and premiums for option sellers. Current Stock Price: $76.37 Action: Sell to open SQ Mar Week Two (3/10) 70 Put for…

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OIB Trade Alert: SQ

Let’s try this again! Block (SQ) is bouncing around today but has moved back into a good closeout range. I am recommending we exit the position now, as the annualized rate of return is well above our target. Current Stock Price: $82.73 Cash in Hand: $0.48 Action: Buy to close the SQ Feb Week Two…

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OIB Trade Alert: SQ

This is not the kind of market where it pays to get greedy. Let’s close our Block (SQ) put now. Current Stock Price: $79.42 Cash in Hand: $0.44 Action: Buy to close the SQ Jan Week Four (1/27) 76 Put Current Option Price: $0.31-$0.32 Recommended Limit: Set your initial limit order at $0.32, but adjust as…

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