I am recommending we take a loss on Squarespace (SQSP). While I like the company, my timing on this trade could not have been worse. We entered the position in mid-November, shortly after the company announced it had grown revenue 24% year over year in its third quarter. At the time, “growth” was not yet…
We have three positions expiring today. General Motors (GM) bounced back with the broader market this week. I am recommending we roll our call out two weeks to generate more cash and reduce our cost basis on the position. Sunrun’s (RUN) rebound over the past month has shares trading well above the strike price of…
I am recommending we sell calls against our uncovered shares of Pfizer (PFE), Sunrun (RUN) and Squarespace (SQSP) to reduce our cost basis on the positions. For a deeper dive on RUN and SQSP, watch the latest Options Income Blueprint Weekly Income Report. PFE Uncovered Shares Current Stock Price: $47.32 Cost Basis: $56.93 Action: Sell…
I am recommending we accept shares of Pfizer (PFE) rather than continuing to roll. I will recommend a call to sell soon to reduce our cost basis on the position. Our Sunrun (RUN) and Squarespace (SQSP) calls are on track to expire worthless. Both stocks sold off sharply this week, especially SQSP, which investors dumped…
I am recommending we sell calls on our uncovered shares of Sunrun (RUN) and Squarespace (SQSP). I am choosing strikes that are considerably out of the money in case the market continues to reverse higher. Note that these trades are only for members who already own shares of RUN and/or SQSP uncovered from a previous…
The market has been unkind to Sunrun (RUN) and Squarespace (SQSP) since we entered the positions in mid-November. Both are solid companies with unique business models, though admittedly more speculative than the typical Options Income Blueprint stock. Sunrun was caught up in a sector-wide sell-off caused by a number of factors. First was legislation in…
Citigroup’s (C) recent sell-off is a bit surprising in light of the Federal Reserve’s comments about raising interest rates and tapering bond purchases. But this is a core stock that we will continue to trade with great frequency, as premiums are excellent. The cash we generate from today’s roll will reduce our cost basis…
Sunrun (RUN) and Squarespace (SQSP) sold off sharply this week. Solar stocks took a hit due to supply chain concerns. Furthermore, the Senate approved a measure to ban imports from China’s Xinjiang region unless they can prove they were not made with forced labor. It’s possible Sunrun uses materials mined and processed with forced labor.…
Squarespace (SQSP) appears to be stabilizing so it’s time to sell a call against our uncovered shares. The income we generate will reduce our cost basis. Note that the spread between the bid and ask is wide, so you may need to work the trade to get in. Also, note that this trade is only…
I am recommending we roll our Citigroup (C) call out two weeks to generate more income and reduce our cost basis on the position. Our Squarespace (SQSP) put is deep in the money following a two-day sell-off in the stock. Let’s accept shares and we will sell a call against them soon. Finally, I am…
