Let’s book fast profits on our Delta Air Lines (DAL) and Western Digital (WDC) puts. DAL May Week Four (5/27) 35 Put Current Stock Price: $38.42 Cash in Hand: $0.29 Action: Buy to close the DAL May Week Four (5/27) 35 Put Current Option Price: $0.08-$0.09 Recommended Limit: Set your initial limit order at $0.09,…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
I am recommending we close our Western Digital (WDC) put with a small profit rather than roll it out another week. Current Stock Price: $47.76 Cash in Hand: $0.28 Action: Buy to close the WDC Apr Week Two (4/8) 47.50 Put Current Option Price: $0.20-$0.24 Recommended Limit: Set your initial limit order at $0.22, but…
Download Slides Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. Note that option prices may have moved since the…
Apple (AAPL), Best Buy (BBY), First Solar (FSLR) and Yeti Holdings (YETI) have all been hit hard this past week. I am recommending we accept shares rather than attempt to roll. We will sell calls against our shares soon to reduce our cost basis on the positions. On a brighter note, our D.R. Horton (DHI)…
I am recommending we exit our KB Home (KBH) position by buying back our call and selling our shares. Our recovery strategy has allowed us to significantly reduce our potential loss, and I want to put this capital to better use elsewhere. I am also recommending we roll our Western Digital (WDC) call out two…
Crocs (CROX) and Williams-Sonoma (WSM) have run up. I am recommending we roll our puts up to higher strikes, while keeping the expiration date the same, to generate more income. If you are not in the current positions and want to enter these trades, you can sell the higher-strike puts. Just be aware that we…
I am recommending we sell a call on our uncovered Western Digital (WDC) shares. The income we generate will reduce our cost basis as we continue with this recovery position. Current Stock Price: $54.89 Cost Basis: $57.17 Action: Sell to open the WDC Nov Week One (11/5) 55 Call for around $0.69, but adjust as…
Our Best Buy (BBY) and D.R. Horton (DHI) calls are deep in the money. Therefore, I am recommending we allow our shares to be called away. We will sell puts on the stocks soon to reduce our net debits on the positions. Speaking of earnings, Western Digital (WDC) announced after the close yesterday. Revenue and…
I am recommending we roll our Western Digital (WDC) and Yeti Holdings (YETI) calls out one week and to higher strikes. This will allow us to capture more potential appreciation. Note that Western Digital is expected to report earnings on Oct. 28. We will close the trade prior to that and reopen after the announcement…
