Below are the trades from today’s Income Masters Live Trading Session. Cheniere Energy (LNG) Current Stock Price: $160.81 Action: Sell to open LNG 15 Sep 145 Put for around $1.40. You can go as low as $1.30. Target Exit Price: $0.40 VanEck Semiconductor ETF (SMH) Current Stock Price: $156.92 Action: Sell to open SMH 11…
I am recommending we exit our Target (TGT) LEAP call spread. While management has pushed past inventory issues that initially tanked the stock, TGT is struggling as concerns about consumer spending weigh on shares. Retail sales fell for the second straight month in March as consumers continue to feel the effect of inflation and higher…
The protective put we purchased to hedge our Target (TGT) bull call spread is on track to expire worthless. Target beat revenue estimates for its holiday quarter, reporting sales of $31.4 billion, up about 1% year over year. Earnings per share trounced expectations of $1.40, coming in at $1.89. However, management’s forecast was not upbeat,…
Target (TGT) is scheduled to report fourth-quarter and full-year 2022 financial results tomorrow morning. I am recommending a protective put to hedge our LEAP call spread. Note: No action is needed on the TGT Jan 2024 Monthly (1/19/24) 150/Apr Monthly (4/21) 175 Call Spread at this time. Current Stock Price: $167 Cost Basis: $40.35 Action:…
Target (TGT) has run up sharply over the past six weeks and our short call is deep in the money. I am recommending we roll it out to the April monthly expiration and to a much higher strike price. While we will need to spend some cash to do so, we are picking up an…
I am recommending we roll our Apple (AAPL) and Target (TGT) calls to generate more income and reduce our cost basis on the positions. Both stocks are up nicely to start the new year. Note that we are likely to hedge both companies’ upcoming earnings announcements with protective puts. AAPL Jan Monthly (1/20) 135 Call…
I am recommending we roll our January monthly Apple (AAPL) and Target (TGT) calls to lower strike prices while keeping the expiration date the same. This will allow us to generate more income and reduce our cost basis on these long-term positions. AAPL Jan Monthly (1/20) 150 Call Current Stock Price: $126.71 Cost Basis: $150.18…
The short leg of our Target (TGT) LEAP call spread is in the money. I am recommending we roll it out to the January monthly expiration and to a higher strike price to avoid being called out of the position. We will be spending some cash to do so but picking up an additional $10…
Target’s (TGT) earnings announcement was a big disappointment, with the retailer missing profit estimates and warning of a weak holiday quarter. Shares are down around 14% this morning, driving up the value of the protective put we purchased to hedge against a post-earnings sell-off. I am recommending we book a profit on the put, thus…
Target (TGT) is moving higher on renewed optimism in the retail sector. However, there are two big events tomorrow that could cause shares to move sharply in either direction – the company’s earnings announcement and October retail sales data. Our short call is deep in the money. I am recommending we roll it out to…
