Given the market’s continued sell-off today, I am recommending we again roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT). This time, we will be rolling out one week as well as to lower strike prices. This allows us to keep our hedges in place another week while taking some profits…
I am recommending we roll our protective puts on VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) to lower strike prices while keeping the expiration date the same. This allows us to keep our hedges in place while taking some profits off the table. The profits we book will reduce our cost basis on the…
Stocks are moving higher today following a sharp pullback last week that continued on Monday and Tuesday. With a Federal Reserve announcement scheduled for 2:30 p.m. Eastern, I think it’s wise to hedge our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) positions by purchasing puts. Note that these are purely defensive positions. The goal…
I am recommending we roll the short leg of our Target (TGT) LEAP call spread out two weeks and to a higher strike price. This will allow us to capture more potential appreciation while generating some income to reduce our cost basis on the position. Note: No action is needed on the TGT Jan 2024…
I am recommending a call to sell against our Target (TGT) LEAP to generate income and reduce our cost basis on the position. Note: No action is needed on the TGT Jan 2024 Monthly (1/19/24) 150 Call at this time. Current Stock Price: $169.61 Cost Basis: $50.30 Action: Sell to open the TGT Sep Monthly…
The short legs of our VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) LEAP call spreads are on track to expire worthless. We will simply watch them do so. We recently reconstructed the TGT trade to bring it in line with the current share price. We may need to do something similar with SMH, closing…
It’s time to reconstruct our Target (TGT) LEAP call spread, which will require putting more capital to work. The stock topped out in November 2021, falling on interest rate fears and economic concerns. In May, shares sold off dramatically following a big first-quarter earnings miss. Luckily, we had a protective put in place, which allowed…
We have positions in Expedia (EXPE), Mosaic Company (MOS), VanEck Vectors Semiconductor ETF (SMH) and Target (TGT) expiring today. The long leg of our EXPE put spread is on track to expire worthless. The company is scheduled to report earnings next week. We will put on a new spread after we see how investors react…
I am recommending we purchase protective puts on Target (TGT) and VanEck Vectors Semiconductor ETF (SMH) to hedge our LEAP positions against a market sell-off following this afternoon’s Federal Reserve meeting. Note that these are defensive positions meant to offset a move lower in the underlying stocks. However, a sharp sell-off could cause the value…
Our Nike (NKE) put is deep in the money, and I am recommending we accept shares. The math of selling calls makes more sense and should get us back to breakeven faster. The company is scheduled to report earnings on Monday after the close. We will likely put a protective in place ahead of the…
