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: IBM, OKE

We have one more position to manage before the weekend and another that is on track to expire worthless. IBM (IBM): 125.53 Our IBM 21 Apr 136 call is on track to expire worthless. We will sell another call after the stock trades higher for at least three successive days. ACTION: Let IBM 21 Apr […]

Triple Play Income Alert: IBM, SO

We have two stocks that have remained uncovered for a month or so. Both have enjoyed five or more days of trading higher, allowing us to sell covered calls.   COVERED CALLIBM (IBM): 132.17 IBM has traded higher for the past week, giving us an opportunity to sell a covered call. The company will announce […]

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: CAH, CWH, IBM

Editor’s Note: We are holding our Triple Play Income 2022 Review/2023 Preview Session tomorrow (2/9) afternoon 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, […]

Triple Play Income Alert: CAH, IBM, VALE

We have several more positions to manage before the weekend.    TRADE ROLL   Cardinal Health (CAH):  78.73   It was a banner week for Cardinal Health.    Cardinal Health received several analyst upgrades over this past week and then yesterday reported better-than-expected second quarter earnings and raised 2023 guidance … all good signs. Cardinal […]

Triple Play Income Alert: IBM Roll

One last position to manage before the end of the year. We will be back next week managing a number of our open positions. Also, we will schedule our Triple Play Income year-end wrap-up and quarterly review sometime in mid-January.   Happy New Year!   TRADE ROLL   IBM (IBM): 139.89   ACTION:  Roll the […]

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 […]

Triple Play Income Alert: CF, IBM, WMB

TRADE ROLL   CF Industries (CF):  104.38   Another week where CF stock has traded up and down despite a steady drop in IV Percentile to below 40. Let’s play it cautious here. We will roll our put out one week and up one strike.   ACTION:  Roll the CF 2 Dec 99 put to […]

Triple Play Income Alert: IBM, PM

Here is an update on two of our positions with no action to take this week.   IBM (IBM): 148.56   IBM stock price has gone straight up ever since they beat earnings on 10/19. We were called out of the stock last week at a nice profit and it’s time to get back in […]

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