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: GILD, OKE
Even with the market turning down in the afternoon, some of our Perpetual Income stocks are trading higher. That could allow us to start selling more call positions early next week. In the meantime, we have two positions expiring today. Gilead Sciences (GILD): 79.19 Gilead is trading higher today. We will let our call expire […]
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, 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: GILD, VALE
We’re seeing wild swings in the market following the banking crisis. The market has rebounded off the morning lows, giving us a chance to make a few adjustments to our current positions. Most of our positions are trading higher this morning. Below are two position updates. Gilead Sciences (GILD): 79.70 Gilead is one of […]
Triple Play Income Alert: CF, GILD, VALE
Triple Play Income Alert: CF, GILD, VALE This market is not giving us anything to trade or manage as we head into the end of the week. We have several positions with options expiring and a stock we want to take assignment of. The best thing we can do right now is be patient and […]
Triple Play Income Alert: GILD, IBM, PM
Another rough ending to the stock market in this shortened trading week. We have two put positions to manage today. TRADE ROLL Gilead Sciences (GILD): 81.73 Frustrating finish to the week for Gilead Sciences. The stock looked like it was building support at the market close yesterday but is getting hit today […]
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 […]