I am recommending we roll our expiring positions in Chewy (CHWY), General Motors (GM) and SPDR S&P Biotech ETF (XBI). CHWY Apr Monthly (4/16) 82 Put Current Stock Price: $85.68 Net Debit: $2.71 Action: Buy to close the CHWY Apr Monthly (4/16) 82 Put for around $0.15 Sell to open the CHWY Apr Week Four…
I am recommending we roll our Invesco Solar ETF (TAN) and SPDR S&P Biotech ETF (XBI) puts to buy ourselves more time and bring in additional income. TAN Apr Week Two (4/9) 90 Put Current Stock Price: $85.89 Cash in Hand: $1.55 Action: Buy to close the TAN Apr Week Two (4/9) 90 Put for…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Invesco Solar ETF (TAN) Apr Week Two (4/9) 90 Put for around $1.55. You can go as low as $1.25, but please don’t start there and always use limit orders. (Current stock price: $90.61) TRADE TWO: Sell to…
Our CVS Health (CVS) shares are on track to be called away at a profit. We also have three spread positions expiring today. Our Lululemon Athletica (LULU) put spread is on track to expire worthless. We will sell another spread soon to continue to work down our net debit on the position. Our Peloton Interactive…
Let’s book profits on our Corning (GLW), Starbucks (SBUX) and SPDR S&P Biotech ETF (XBI) put positions. GLW Mar Week One (3/5) 37.50 Put Current Stock Price: $38.94 Cash in Hand: $0.62 Action: Buy to close the GLW Mar Week One (3/5) 37.50 Put for around $0.09 Profit: $0.53, or $53 per contract SBUX Mar…
We have positions in Bank of America (BAC), D.R. Horton (DHI), QuantumScape (QS) and SPDR S&P Biotech ETF (XBI) expiring today. Let’s close BAC now to book profits. I am recommending we roll our DHI and XBI puts out one week to buy time for the underlying securities to move higher. Finally, our QS put…
Below are the trades from today’s Income Masters Live Trading Session. TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86) TRADE TWO: Sell to open the…
