SQ

Income Masters Trade Alert: SQ

Let’s book profits on our Block (SQ) put, earning a 0.8% return in seven days, or 44% annualized. Current Stock Price: $63.48 Cash in Hand: $0.96 Action: Buy to close the SQ Apr Week Four (4/28) 61 Put for around $0.45, but adjust as needed to close today Profit: $0.51, or $51 per contract

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Income Masters Trade Alert: SQ

I am recommending we roll our Block (SQ) put out one week to avoid assignment and to a lower strike to reduce our risk. We’ll also collect some more income in the process. Note that the company is scheduled to report earnings on May 4. We will close the position next week in order to…

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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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