General Motors (GM) sold off with the stalling of the Build Back Better spending plan, which was expected to boost sales of electric vehicles. Since EVs will contribute little to GM’s top line and nothing to the bottom line for several years, the market is overreacting. Our put is deep in the money, so…
As I’ve been saying, the plan is to move on from Twitter (TWTR) soon given the changes in top management and the company’s business model. I am recommending a call to sell against our uncovered shares to generate a bit of income in the hope that our shares are called away. Even if they are…
Ford (F) is falling today, so I am recommending we book profits now. Twitter (TWTR) sold off sharply following news of CEO Jack Dorsey’s resignation, pushing shares well below the strike price of the put we sold. I am recommending we accept shares. The plan is to sell calls for a week or two…
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…
While I am not holding a Live Trading Session today, I am recommending three new trades. First, I am recommending a longer-term position on health care apparel maker Figs (FIGS). The stock sold off after a strong earnings report but appears to have stabilized. I am recommending we sell a December put. Next, I want…
Let’s book profits on our Twitter (TWTR) put rather than risk holding through expiration for a few more cents of premium. Current Stock Price: $63.30 Cash In Hand: $0.43 Action: Buy to close the TWTR Oct Monthly (10/15) 60 Put Current Option Price: $0.04-$0.05 Recommended Limit: Set your initial limit order at $0.05, but adjust…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
As we alerted you recently, we are closing the Perpetual Income Portfolio Club, effective tomorrow. However, all trades will be managed to their proper conclusion, and I’ll continue to send alerts as needed until all positions are closed. Our customer care team will be reaching out to all of you with membership choices and any…
I am recommending we roll our Marvell Technology Group (MRVL) put out one week and to a higher strike. This will allow us to turn our net debit into cash in hand. And let’s close Twitter (TWTR) early. We have a terrific profit after just three days in the position. MRVL Jul Week Five (7/30)…
Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here. Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work…
