Triple Play Income Alert: IBM, PM, SO

The S&P 500 continues to hover and hold at the 3900 level. After a couple of down days, most of our stocks are up today. We remain cautious in this current market environment, but “market up” days gives us a chance to manage a couple of our current positions.   TRADE ROLL   IBM (IBM):  […]

Triple Play Income Trade Alert: DOW, PM, SO

Here are the last few of our positions we need to manage before the weekend.   Dow Inc. (DOW):  54.71   I thought today’s market sell-off might help us roll our DOW 26 Aug 54 call out and up for a good credit but far enough away from the current stock price to avoid assignment […]

Triple Play Income Trade Alert: IBM, PM, SO

The market is holding and adding to the gains from yesterday which has challenged several of our positions expiring this week. And we need to add one new trade on an existing position we were called out of last week.   COVERED CALL   IBM (IBM):  132.82   IBM stock price has finally moved higher […]

Triple Play Income Trade Alert: CAH, CF, GILD, SO

We held our Triple Play Income Quarterly Review session yesterday (8/3) where we had a chance to go through all of our trade positions and look at new additions in the coming weeks. If you missed the session, the recording has been posted on the member web site under Videos.  Here is the link to […]

Triple Play Income Trade Alert: CAH, CF, SO

The stock market reversed course from this morning giving us a chance to roll 3 of our positions with options expiring tomorrow.   TRADE ROLL   Cardinal Health (CAH):  55.69   Cardinal Health stock has held up reasonably well in this up-and-down market. The company doesn’t report earnings until 8/11, so we can roll our […]

Triple Play Income Trade Alert: ABBV, CF, PM, SO

Here are the last few positions to review and manage before we head into the weekend.   TRADE UPDATE   AbbVie Inc. (ABBV):  153.00   ABBV goes ex-dividend next week. We will let our 8 Jul 155 call expire worthless today and sell a new call closer to the ex-dividend date.   ACTION:  No Action. […]

Triple Play Income Trade Alert: GILD, SO

A few last moves with 2 of our Triple Play Income Positions before the long 4th of July holiday weekend.    TRADE ROLL   Gilead Sciences (GILD):  61.65   Our 1 Jul 63 call will expire worthless. Let’s close it and sell another call out two weeks.   ACTION:  Roll the GILD 1 Jul 63 […]

Triple Play Income Trade Alert: BX, DOW, SO

We have a couple of positions we can manage by rolling calls.   TRADE ROLL   Blackstone (BX):  114.95   Blackstone is down with the market today but we can still get a reasonable credit by rolling our calls out strike to strike for one week.   ACTION:  Roll BX 10 Jun 119 call to […]

Triple Play Income Trade Alert: ABBV, CF, SO

Here are several more trade adjustments for our Triple Play Income portfolio.   TRADE ROLL   AbbVie Inc. (ABBV):  152.88   AbbVie stock price has found a footing here in the 152 range. We feel comfortable enough to sell a covered call below our entry price and manage it tightly.   ACTION:  Roll ABBV 13 […]

Triple Play Income Trade Alert: SO

Last position to manage for this week. TAKE ASSIGNMENT Southern Co. (SO):  74.20  Southern Co. goes ex-dividend next Friday (5/13). Our 6 May 75 put is in the money. Let’s take assignment of the stock and we will sell a call next Friday. ACTION:  No Action. Take Assignment of SO stock over the weekend.