Triple Play Income Trade Alert: ABBV, BX, CF, DOW

Dear Triple Play Income Member,

All of our Triple Play Income stocks are selling off with the Russian invasion of Ukraine and worldwide concern. There are a couple of actions we can take today to collect more cash before the weekend.

AbbVie Inc. (ABBV): 144.44

AbbVie stock is getting hit along with the rest of the market. It makes it a good time to roll our 25 Feb 138 call out today.

ACTION: Roll ABBV 25 Feb 138 call to the 11 Mar 138 call for a net credit of 1.05 to 1.10 and a .8% return

Buy to close ABBV 25 Feb 138 call

Sell to open ABBV 11 Mar 138 call

For a net credit of around 1.05 to 1.10

Blackstone (BX): 119.33

The stock price may be down but there is plenty of volatility left in BX and we can roll our calls out one week to collect a good chunk of cash.

ACTION: Roll BX 25 Feb 124 call to the BX 4 Mar 124 call for a net credit of around 1.35 to 1.40 and a 1.1% return

Buy to close BX 25 Feb 124 call

Sell to open BX 4 Mar 124 call

For a net credit of around 1.35 to 1.40

Dow Inc. (DOW): 58.03

Dow goes ex-dividend and with our 25 Feb 64 call our stock is not going to be called away. Let the call expire worthless, we earn our 0.70 dividend tomorrow and we will sell another call early next week.

ACTION: No Action. Allow DOW 25 Feb 64 call to expire worthless

CF Industries (CF): 78.59

CF is the only stock in our Triple Play Income portfolio that is up today with the markets selling off. That’s because the Russian invasion actually threatens global supplies of fertilizers already sending the cost of fertilizers higher. Let’s take advantage of this move and roll our put out early for more cash with the volatility in this stock.

ACTION: Roll CF 4 Mar 68 put to the CF 11 Mar 72 put for a net credit of around 0.92 to 0.95 and a 1.3% return

Buy to close the CF 4 Mar 68 put

Sell to open the CF 11 Mar 72 put

David Durham

Triple Play Income