I am recommending calls to sell on our uncovered shares of Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) to reduce our cost basis on the positions. Note that these trades are only for members who already own shares from previous positions. BBY Uncovered Shares Current Stock Price: $82.81 Cost Basis: $97.20…
Our Best Buy (BBY), Nike (NKE) and SPDR S&P Biotech ETF (XBI) calls are on track to expire worthless. We will simply watch them do so and I will recommend new calls to sell against these names soon. BBY May Week Two (5/13) 98 Call Current Stock Price: $87.63 Cost Basis: $97.20 Action: Watch call…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out two weeks to generate more income and, in the case of BBY and XBI, capture more potential appreciation. BBY Apr Week Five (4/29) 94 Call Current Stock Price: $93.22 Cost Basis: $97.85 Action: Buy to…
I am recommending we roll our Best Buy (BBY), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls to lower strikes while keeping the expiration date the same. This will allow us to generate more income and reduce our cost basis on the positions. BBY Apr Week Five (4/29) 96 Call Current Stock Price:…
JPMorgan Chase (JPM) continues to move higher. Let’s roll our put up again while keeping the expiration date the same to turn our net debit into cash in hand. I am also recommending we roll our Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce…
I am recommending we roll our Best Buy (BBY), First Solar (FSLR) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Apr Monthly (4/14) 95 Call Current Stock Price: $94.19 Cost Basis: $100.11 Action: Buy to close the BBY Apr…
I am recommending we roll our Best Buy (BBY) and SPDR S&P Biotech ETF (XBI) calls out one week to generate more income and reduce our cost basis on the positions. BBY Apr Week Two (4/8) 95 Call Current Stock Price: $90.47 Cost Basis: $100.51 Action: Buy to close the BBY Apr Week Two (4/8)…
I am recommending we roll our Best Buy (BBY), CVS Health (CVS), Micron Technology (MU) and SPDR S&P Biotech ETF (XBI) positions out one week to generate more income and/or reduce our cost basis. BBY Apr Week One (4/1) 100 Call Current Stock Price: $90.33 Cost Basis: $100.90 Action: Buy to close the BBY Apr…
I am recommending we roll our SPDR S&P Biotech ETF (XBI) call to capture more potential appreciation, generate income and reduce our cost basis on the position. Current Stock Price: $91.29 Cost Basis: $101.78 Action: Buy to close the XBI Mar Week Four (3/25) 90 Call for around $1.81 Sell to open the XBI Apr…
I am recommending we roll our Best Buy (BBY) call to generate income and reduce our cost basis on the position. Current Stock Price: $96.16 Cost Basis: $101.52 Action: Buy to close the BBY Mar Week Four (3/25) 102 Call for around $0.02 Sell to open the BBY Apr Week One (4/1) 100 Call for…
