Perpetual Income Trade Alert: ABBV, GILD, SO
Several of our companies reported earnings this week, and we have a few positions to manage ahead of expiration. AbbVie (ABBV): 150.50 AbbVie announced Q1 results on Thursday, reporting $2.46 per share on $12.2 billion in revenue. While revenue was in line with estimates, it was down nearly 10% year over year, and EPS missed […]
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 […]
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 […]
Triple Play Income Alert: ABBV, DOW, GILD
The market is giving us a chance to sell covered calls on a couple of our positions, as well as roll one call out a week. TRADE ROLLAbbVie (ABBV): 156.51 AbbVie’s stock has continued to hold up through the first quarter post-Humira going off patent. Let’s roll our calls out one week ahead […]
Triple Play Income Trade Alert: ABBV, BX, OKE
We have several positions with call options expiring tomorrow that we can manage today. TRADE ROLLAbbVie (ABBV): 155.64 So far in 2023, AbbVie stock has held its own, down less than 3%, in the face of an expected sell-off after its blockbuster autoimmune treatment Humira went generic at the beginning of the year. The company […]
Triple Play Income Alert: ABBV, CAH, DOW
We have several positions that we can roll, sell calls, or buy stock and sell calls ahead of tomorrow’s expirations. SELL CALL AbbVie (ABBV): 152.31 AbbVie stock has traded higher the last several days on no real news. That gives us enough room to sell a call above our stock entry price […]
Triple Play Income Alert: ABBV, BX, CWH, DOW, OKE, RIO
It was another wild week of intraday swings in the market. Up 1% and then down 2% and then back up 1%. A lot of active trading in big lots by institutional and high-frequency traders trading highly volatile indexes and ETFs with same-day expirations (0DTE). Most of our positions held up through the chaos, though, […]
Triple Play Income Alert: ABBV, KHC
Earnings reports will continue for our Triple Play Income stocks over the next couple of weeks. We can use these to capture elevated premiums on some of our current call positions. Let’s get started this week with these first 2 positions. TRADE ROLL AbbVie Inc. (ABBV): 148.96 After 2 weeks of selling, […]
Triple Play Income Alert: ABBV, GILD, IBM
We have several positions in our Triple Play Income portfolio that are uncovered and one that we were called out over the weekend. Let’s add to those positions with covered calls and selling a put on one of the stocks that was called away. SELL CALL Camping World Holdings (CWH): 25.15 We left […]
Triple Play Income Alert: ABBV, CAH, KHC, WMB
Welcome to 2023! We come in the new year the same we went out: · The S&P trading lower · The NASDAQ trading lower · The Russell 2000 (small cap stocks) trading higher · Treasury bonds slightly higher Again, a market with wide swings in trading and volatility that challenged investors and traders […]