Options Income Trade Alert: TTD
With the debt ceiling deadline approaching and the unknown outcome of current negotiations, we are going to play it on the cautious side with our trading this week. We are going back to Trade Desk (TTD) for a short-term income play. Please do not chase the trade by accepting less premium than the “go as low […]
Options Income Trade Alert: MRVL
Marvell Technology (MRVL) has bounced around since we last rolled our put on April 20, hitting a low below $37 on April 25 before rebounding. Today’s pop allows us to roll our put out two weeks and to a lower strike price to avoid assignment and reduce our risk on the trade while generating a […]
Options Income Trade Alert: XBI
With the Federal Reserve announcement behind us, we want to put some more capital to work. The Fed increased interest rates by 0.25% yesterday, as expected, while also indicating that it may pause its rate-hike cycle. Regional bank stocks are tanking today following news that California-based PacWest Bancorp is exploring a sale. We’re going with […]
Options Income Trade Alert: XBI
With the Federal Reserve announcement behind us, we want to put some more capital to work. The Fed increased interest rates by 0.25% yesterday, as expected, while also indicating that it may pause its rate-hike cycle. Regional bank stocks are tanking today following news that California-based PacWest Bancorp is exploring a sale. We’re going with […]
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 […]