There was no Options Income Blueprint Live Trading Session this week, as I did not want to take on any undue risk by putting on new positions ahead of the Federal Reserve meeting. This was decidedly the right move. Although the Fed raised rates 0.75 basis points as expected, stocks have sold off sharply. Clearly,…
Let’s take advantage of today’s rally by booking fast profits on our Block (SQ) put, earning a triple-digit annualized rate of return. We’ll also be freeing up capital for new trades. Keep an eye on your inbox, as we may put on a new position via alert this week. Current Stock Price: $66.46 Cash in…
Download Slides Below is the trade I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
Let’s use today’s market rally to book profits on our Delta Air Lines (DAL), Block (SQ) and Valero (VLO) puts, earning annualized rates of return of 153%, 104% and 15%, respectively. DAL Aug Monthly (8/19) 31 Put Current Stock Price: $34.45 Cash in Hand: $0.35 Action: Buy to close the DAL Aug Monthly (8/19) 31…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open Delta Air Lines (DAL) Aug Monthly (8/19) 31 Put for around $0.35. You can go as low as $0.30, but please don’t start there and always use limit orders. (Current stock price: $32.79) TRADE TWO: Sell to open Block…
I am recommending we book profits on our Block (SQ) put. While the annualized rate of return is below our 26% target, this is the prudent move given the Federal Reserve announcement later today. We will put new money to work during tomorrow’s Live Trading Session once we see how the market reacts to the…
Block (SQ), the company formerly known as Square, should be familiar to longtime Options Income Blueprint members. Between April 2018 and July 2020, we traded the stock successfully 35 times in a row. Members who sold just one contract each generated $2,524 from the stock. The financial services and digital payments company, which predominately serves…
Let’s book profits on our Block (SQ) trades rather than risk holding through what could be a volatile end to the trading week. SQ Jul Monthly (7/15) 57.50 Put Current Stock Price: $62.92 Cash in Hand: $0.43 Action: Buy to close the SQ Jul Monthly (7/15) 57.50 Put for around $0.13, but adjust as needed…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open CVS Health (CVS) Jul Monthly (7/15) 91 Put for around $0.50. You can go as low as $0.43, but please don’t start there and always use limit orders. (Current stock price: $93.87) TRADE TWO*: Sell to open Block (SQ)…
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…
