Our Square (SQ) spread has worked out exactly as we’d hope. Let’s book profits now. Current Stock Price: $226.42 Cost Basis: $77.15 Action: Buy to close the SQ Jun Monthly (6/18) 230 Call for around $2.10 Sell to close the SQ Jun 2022 (6/17/22) 150 Call for around $85.50 Set initial credit limit at $83.40…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Williams-Sonoma (WSM) Jun Monthly (6/18) 165 Put for around $2.77. You can go as low as $2.50, but please don’t start there and always use limit orders. (Current stock price: $171.37) TRADE TWO: Sell to open the Brinker…
Our QuantumScape (QS) and Starbucks (SBUX) puts are on track to expire worthless. After more than a year of managing the SBUX position, we are finally able to walk away with a small profit. Considering how deep underwater we were, this is a victory. It’s also proof that our rolling strategy and a good deal…
Our Lululemon Athletica (LULU), Peloton Interactive (PTON) and Square (SQ) spreads are on track to expire worthless. We will book a profit on SQ. And I will recommend another LULU and PTON spread in the near future as we continue to work down our net debits on the positions. Our Starbucks (SBUX) position continues to…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE*: Sell to open the Williams-Sonoma (WSM) Jan Monthly (1/15) 115 Call for around $2.05. (New cost basis: $105.95) *We own shares of WSM uncovered from a previous trade. If you are new to the position, be sure to buy 100 shares of…
Our Microsoft (MSFT), Peloton Interactive (PTON), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on MSFT, ROKU and SQ. And I will recommend another PTON spread in the near future as we continue to work down our net debit on the position. MSFT Dec Week One…
We have net debits on Lululemon Athletica (LULU) and Square (SQ) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions. If…
We have net debits on Lululemon Athletica (LULU) and Square (SQ) from ongoing spread positions. I am recommending we initiate new spreads today to reduce those net debits. You can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions. If…
Our Lululemon Athletica (LULU), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on ROKU, and I will recommend another LULU and SQ spread in the near future as we continue to work down our net debit on those positions. LULU Nov Monthly (11/20) 310/300 Put Spread…
Our Lululemon Athletica (LULU), Roku (ROKU) and Square (SQ) spreads are on track to expire worthless. We will book a profit on ROKU, and I will recommend another LULU and SQ spread in the near future as we continue to work down our net debit on those positions. LULU Nov Monthly (11/20) 310/300 Put Spread…
