OI Alert
We have three positions expiring tomorrow. Two of them are too far in the money to roll and we will be called out of the stock. The other position we can roll today for a credit while picking up another $1 in potential appreciation. Cardinal Health (CAH): 81.12 Cardinal Health has been on a […]
IM Alert
Alert Date: 04/17/23 We have three positions expiring tomorrow. Two of them are too far in the money to roll and we will be called out of the stock. The other position we can roll today for a credit while picking up another $1 in potential appreciation. Cardinal Health (CAH): 81.12 Cardinal Health has been […]
Triple Play Income Alert: ABBV, GILD, VALE
We have several positions to manage today. BUY-WRITEAbbVie (ABBV): 162.75 AbbVie goes ex-dividend tomorrow, April 13, with a solid 1.48 payout. We were called out of the stock last week and will need to buy shares today to earn the dividend. This trade is for all members. ACTION: Open ABBV buy-write 28 Apr 165 call […]
4200 Or Bust
April 12th, 2023 4200 Or Bust The market melt-up continues. Looking at a daily chart of the S&P 500 (SPX), you can see it’s not exactly a chart that looks like it’s fitting into a nice bullish pattern of moving higher with higher highs and higher lows. We’ve had several days of sideways movements and […]
Triple Play Income Alert: BX, CF, KHC
We have several uncovered stock positions in the portfolio. With the recent market gains, we can sell some covered calls today. COVERED CALLBlackstone (BX): 84.14 Blackstone is tricky. We’ve always liked the company for its strong management team, best-practices approach to acquisitions and investments in new markets, and its unique position outside of the traditional […]
Economic Optimism Helps Lift The Market
April 11th, 2023 Economic Optimism Helps Lift The Market Without a banking crisis to worry about, we’re back to the same trading range as before and in a similar news cycle. We’re back to wondering how the market will react to the upcoming CPI report on Wednesday. The future weeks in the market will be […]
Another Indicator Flashing A Bullish Signal For The Market This Year
April 10th, 2023 Another Indicator Flashing A Bullish Signal For The Market This Year While the market was taking a day off last Friday, the latest Employment Situation report was still released. Depending on your stance on the market, you could interpret the report in a way that helps fit your narrative. That’s been the […]
Triple Play Income Alert: ABBV
We have one position expiring today. No action is needed. AbbVie (ABBV): 161.47 AbbVie has run up over the past week along with other pharma stocks. ABBV goes ex-dividend on April 13 and our 6 Apr 157.50 call is in the money, making it difficult to roll without paying a debit. Since we don’t […]
Stuck In The Middle With You
April 6th, 2023 Stuck In The Middle With You Same story, but different day. Yesterday’s down day was blamed on the ADP Employment report, showing a slowdown in private payrolls, from 242,000 to well below the consensus range, settling at 145,000. Despite being a shortened week and one with relatively few reports, the market has […]
Triple Play Income Alert: IBM, SO
We have two stocks that have remained uncovered for a month or so. Both have enjoyed five or more days of trading higher, allowing us to sell covered calls. COVERED CALLIBM (IBM): 132.17 IBM has traded higher for the past week, giving us an opportunity to sell a covered call. The company will announce […]