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 […]

Perpetual Income Trade Alert: BX, CF, SO, WMB

After a mostly down week on bank fears, recession talk, the Federal Reserve’s rate hike and debt ceiling debate, the market is rallying following a better-than-expected jobs report for April. We have four positions expiring today, only one of which requires action. However, next week should be a busy one with the chance to roll […]

Perpetual Income Trade Alert: BX

We have one position to manage before the weekend. ROLLBlackstone (BX): 90.22 Blackstone’s earnings report this week was a mixed bag. Q1 earnings of 0.97 missed estimates by 0.02, while revenue of 2.49 billion beat by 50 million. However, EPS continues to drop quarter over quarter and revenue was down 29% year over year. Overall, […]

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 […]

Triple Play Income Alert: BX, CAH, NTAP, VALE

The stock market continues to climb as investors digest inflation news. But it is worth noting that eight stocks are keeping the S&P 500 in positive territory for the year while the other 492 are not. The FAANG plus MNT stocks (see chart below) are doing the heavy lifting. While we’re not sure exactly what […]

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, 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: BX, GILD

Reminder: We are holding our Triple Play Income 2022 Review/2023 Preview Session today at 4:00 PM Eastern. You can register for the live webinar session here. We will review our progress from 2022 and take look at market for income stocks in 2023. We hope you can join us, but if not, the session will […]

Triple Play Income Alert: BX, CF, WMB

The Fed raised interest rates this week by .25 points and the market likes it. Whether this is the beginning of a 2023 bull market or the calm before a bear market trap, we can take advantage of this current upward trend to sell covered calls.   COVERED CALL   Blackstone (BX): 101.31   We […]

Triple Play Income Alert: BX, CAH, CF, IBM, RIO

The reaction by the market to this week’s events was expected and unexpected. The CPI report came in looking better and market traded higher. The Fed raised rates by 0.50 as expected and the market sold-off. And today is the “Triple Witching” day each quarter and the market is down again.   We have few […]

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