Perpetual Income Trade Alert: NTAP, IBM, VALE

This is our last alert of the week, and we are rolling our two remaining expiring calls for credits. We also have a chance to get back into another one of our Perpetual Income positions by selling a put.   SELL PUTNetApp (NTAP): 69.67 Data storage companies are benefiting from the growth of artificial intelligence. […]

Perpetual Income Trade Alert: CAH, CWH, GILD

We have five Perpetual Income positions expiring today. We will send an alert later today managing Vale S.A. (VALE) and IBM (IBM).   TRADE ROLLCardinal Health (CAH): 86.10 Cardinal Health made another strong move higher this week. The stock does not go ex-dividend until June 30, so let’s roll our put out two weeks. ACTION: […]

Perpetual Income Trade Alert: BX

At the risk of sounding like a broken record, the CBOE Volatility Index (VIX) being under 14 has taken the volatility out of many options in stocks we like to trade. It’s also forcing us to wait until the end of the week to manage our trade positions in an effort to capture as much […]

Perpetual Income Trade Alert: WMB

We have one Perpetual Income position we need to re-enter in order to capture the dividend.   Williams Companies (WMB): 30.34 We were called out of our Williams Company shares last week. With the stock going ex-dividend on Friday, June 9, we need to get back in by buying shares this week in order to […]

Perpetual Income Trade Alert: NTAP, WMB

The market is running higher today due to the passage of debt ceiling legislation, a better-than-expected May jobs report and some expectation that the Federal Reserve will not raise the prime rate following its June 13-14 meeting. Some of our Perpetual Income stocks took hits over the past few weeks as the market wrestled with […]

Perpetual Income Trade Alert: CF

We enter the month of June with the CBOE Market Volatility Index (VIX) reaching a three-year low of less than 16 today. Now that the debt ceiling crisis appears to be resolved, fear is leaking out of the market. And so is the volatility in the option chains of a number of our Perpetual Income […]

Perpetual Income Trade Alert: CWH, SO

Here are two trades to get us started in this holiday-shortened week.   SELL PUTCamping World (CWH): 27.27 We were called out of our Camping World shares over the weekend. The stock goes ex-dividend on June 13. So, we can sell a put today for 10 days out and collect a rich premium, generating a […]

Perpetual Income Trade Alert: KHC, SO, VALE, WMB

As mentioned before, depressed volatility at this time is restricting the cash we can collect rolling or extending covered calls. We have several positions we will need to let expire worthless and several where we can pick up some cash in the short-term. Reminder: The US stock market is closed Monday for Memorial Day. Have […]

Perpetual Income Trade Alert: CAH, CWH, DOW, GILD

Optimism that the debt ceiling crisis will be resolved soon is driving the market higher today. Even with fear in the market earlier this week, option volatility remains flat with the VIX down at 18 again. That means out of the money option premiums are slim around the stock price unless a company has earnings […]

Perpetual Income Trade Alert: BX, IBM

With the debt ceiling debate defining the market this week, we are seeing price action up and down across the Perpetual Income stocks. Here are the first of several trades we can make today and tomorrow. COVERED CALL Blackstone (BX):  82.66 We’ve had a couple of up days followed by several flat days of trading […]

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