Perpetual Income Trade Alert: PM, VALE
We have two more positions expiring today, and both are out of the money. Since we are unable to roll them for a reasonable credit, we will simply let them expire worthless and watch for the underlying stocks to trade higher next week before we sell additional covered calls. Philip Morris (PM): 94.55 ACTION: […]
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: 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: 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: CF, PM, VALE
Thank you to those who were able to attend our Triple Play Income 2022 Review-2023 Preview session yesterday. There were several good ideas for further enhancing the returns in our program that came out of yesterday’s session. The recording of the review session is now posted on the member website. Here are the final […]
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: DOW, VALE
We were called out of DOW and VALE stock positions over this past weekend. Let’s get back into those positions selling puts. SELL PUT Dow Inc. (DOW): 57.62 Dow recently picked up several analyst upgrades and the stock price has recovered since its October lows trading higher this week. With China re-opening […]
Triple Play Income Alert: ABBV, VALE, WMB
We have 3 positions with calls expiring this Friday (23 Dec) that we can roll today ahead of the holidays. TRADE ROLL AbbVie (ABBV): 161.72 AbbVie stock price has retreated recently and goes ex-dividend on 1/12 paying 1.46 per share … we don’t want to miss that. But we are going […]
Triple Play Income Alert: ABBV, CF, VALE
We have 3 last positions that we need to manage before the weekend. TRADE ROLL AbbVie Inc. (ABBV): 164.84 AbbVie stock price has traded higher since early November on no real news and even against the anticipated fear of Humira coming off patent in January. The stock has reached a resistance level […]