March 19, 2025 - 12:48 pm

In the live session today we made two trades. First off we sold calls on our uncovered CLF shares. We sold the April 17th 11 calls for 27 cents. Expiration is in 29 days. Return from premium is 2.8%. Return if called away at 11 is 18.4%.

We also rolled our INTC put up and out. INTC has moved quite a bit higher since we sold the 19.5 put, and the put premium is down to only 7 cents. So we bought it back (buy to close) and sold the 4/17 23 put for around 84 cents. If you do it as one ticket (as seen below) we get a credit of around 78 cents. You’ll need 2,300 per put sold in a cash account to make the trade. Expiration is in 30 days. Return from premium (not including the buying the 19.5 put back) is 3.4%.

March 19, 2025 - 12:37 pm

Our previous calls on SentinelOne (S) expired out of the money on Friday. Today we are selling calls on our owned shares of S. Here is the trade:

• Sell to Open: S Apr25 $ 21.50 calls, currently priced at $ 0.40 ask/$ 0.45 bid.

These options trade in five-cent increments, so set your limit at the $ 0.40 bid price.

This trade has a cash return of 2.03% in 37 days. If the calls expire in the money the return from here would be 11.39%.

March 12, 2025 - 12:40 pm

We made a couple trades during the live session today. First off, we were assigned on DKNG shares this week, so we covered the shares by selling the April 11 43 calls for around 93 cents. There are 30 days to expiration. Return from premium is 2.4%. Return if called way at 43 is 13.2%.

We also got back into INTC by selling the April 4 19.5 puts for around 71 cents. Expiration is in 23 days. Return from premium is 3.4%. You’ll need 1,950 per put sold in a cash account to place the trade.

March 12, 2025 - 12:40 pm

For my first of two (see below) trades today we sold calls to covered our uncovered shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Apr11 $ 14.50 calls, currently priced at $ 0.36 bid/ $ 0.38 ask

With a two-cent spread, set your limit at the midpoint, in this case $ 0.37.

Macy’s goes ex-dividend tomorrow for a $ 0.1824 payout on April 1.

This trade has a cash return, including the dividend, of 4.0% in 30 days. If the calls expire in the money, the return from here would be 9.45%.

March 12, 2025 - 12:34 pm

During today’s live trading room, we opened a new short put position in Antero Resources (AR). Here is the trade:

• Sell to Open: AR Apr4 $ 34.00 puts, currently priced at $ 0.91 bid/$ 0.93 ask

With this spread, you should get filled by setting your limit at the $ 0.92 midpoint.

This trade has a cash return of 2.7% in 23 days.

March 5, 2025 - 12:46 pm

Our AI was assigned to us last Friday. That means it’s time to sell to open a call to cover our shares. Let’s sell the April 4th 25 call for around 80 cents. There are 30 days to expiration. Return from premium is 3.6%. Return if called away at 25 is 16.5%.

March 5, 2025 - 12:38 pm

During today’s live trading room we placed a trade to cover our owned shares of American Airlines (AAL). Our previous short calls expired out of the money on Friday. Here is the trade:

• Sell to Open: AAL Apr4 $ 15.50 calls, priced at $ 0.28 bid/$ 0.29 ask.

With a one-cent spread, set your limit at the bid price, which with this pricing would be $ 0.28.

This trade has a cash return of 2.0% in 30 days. If the calls expire in the money the return from here would be 12.7%.

February 28, 2025 - 10:51 am

Let’s sell calls to cover our owned shares of Norwegian Cruise Lines (NCLH). Here is the trade.

• Sell to Open: NCLH Mar28 $ 25.00 calls, currently priced at $ 0.67 bid/$ 0.72 ask

Options prices for NCLH have been volatile this morning. Set your limit near the midpoint of what you see when placing your trade. I am using $ 0.69 with this pricing.

This trade has a cash return of 2.94% in 28 days. If the calls expire in the money the return from here would be 9.55%.

February 26, 2025 - 12:53 pm

We recommended five new trades during today’s live trading room, so make sure you scroll down to get them all.

Our previous short calls on Beazer Homes (BZH) expired OTM on Friday. Today we sold new calls to cover our owned shares. here is the trade:

• Sell to Open: BZH Mar21 $ 25.00 calls, currently priced at $ 0.40 ask/$ 0.45 bid.

Our trades today included options that price in 5-cent increments. With that your limit price must also be at a 5-cent level. With this pricing set your limit at $ 0.40.

This trade has a cash return of 1.7% in 23 days. If the calls expire in the money the return from here would be 9.39%.

February 26, 2025 - 12:47 pm

Our shares of AngloGold Ashanti (AU) were called away on Friday, so we are getting back into the stock with a short put trade. Here is the trade:

• Sell to Open: AU Mar21 $ 29.00 put, currently priced at $ 0.60 bid/$ 0.65 ask

Place your limit at the $ 0.60 bid price.

This trade has a 2.06% cash return in 23 days.

February 26, 2025 - 12:44 pm

Our CRK put expired for zero, so we’re going to sell to open another one. We’ll sell the March 21st 18 put for around 70 cents. You’ll need 1,800 in a cash account per put sold to make the trade. Expiration is in 23 days. Return from premium is 3.9%.

We also own uncovered shares in URA. Let’s sell to open the March 28th 27.5 call for around 55 cents. Expiration is in 30 days. Return from premium is 2.1%. Return if called away at 27.5 is 7.9%.

February 26, 2025 - 12:43 pm

Our previous short call on SentinalOne (S) expire OTM on Friday. Today I recommended a new short call trade to cover those shares here is the trade:

• Sell to Open: S Mar14 $ 23.50 calls, currently priced at $ 0.65 bid/$ 0.70 ask.

These calls price in 5-cent increments, so with this pricing, set your limit at the $ 0.65 bid.

This trade has a 3.06% cash return in 16 days. If the calls expire in the money, the return from here would be 13.9%.

February 21, 2025 - 1:41 pm

CLF earnings are coming up next week (February 24th), so we’re going to squeeze in a trade before the weekend. The calls don’t pay as much as I’d like to see, so we’ll sell a moderately aggressive put that expires in two weeks. We can grab about 3% in that period, and we don’t mind if we get assigned at 11.  So, we’ll sell the March 7th 11 puts for around 33 cents. You’ll need 1,100 in cash account per put sold to make the trade.

February 12, 2025 - 12:33 pm

In the live session today we sold a put on DKNG to open a new position (our shares were called away last Friday). We sold the March 7th 41 put for around 1.03. You’ll need 4,100 per put sold in a cash account to make the trade. Expiration is in 23 days. Return from premium is 2.5%.

February 5, 2025 - 12:36 pm

We recommended two trades during today’s live trading room. This is the first of two. We did a short put trade on Antero Resources (AR). Here is the trade:

• Sell to Open: AR Feb14 $ 37.50 puts, currently priced at $ 0.79 bid/$ 0.82 ask

With this pricing I recommend setting your limit at $ 0.80.

This trade has a cash return of 2.13% in 14 days.

February 5, 2025 - 12:31 pm

During today’s live trading room, we sold calls to cover our owned shares of Macy’s, Inc. (M). Here is the trade:

• Sell to Open: M Feb28 $ 15.50 calls, currently priced at $ 0.33 bid/$ 0.34 ask.

With a one-cent spread set your limit at the $ 0.33 ask price. Macy’s is at $ 14.80, so a buy/write limit would be around $ 13.83.

This trade has a cash return of 2.22% in 23 days. If the calls expire in the money the return from here would be 6.96%.

January 29, 2025 - 12:50 pm

This is the first of two trades I (Tim) recommended today in the live trading room.

Our previous calls on Norwegian Cruise Lines (NCLH) expired out of the money on Friday. Today we covered our shares with a new short call trade. Here is the trade:

• Sell to Open: NCLH Feb21 $ 29.00 calls currently priced at $ 0.95 bid/$ 0.99 ask.

With this spread set your limit at the $ 0.97 midpoint. NCLH is at $ 28.34, so the limit on a buy/write combo trade would be $ 27.38.

This trade has a cash return of 3.42% in 23 days. If the calls expire in the money the return from here would be 5.75%.

January 29, 2025 - 12:42 pm

Last week our short put on American Airlines (AAL) expired in the money, was exercised and we now own AAL shares. Today’s trade was to sell calls against those shares. Here is the trade:

• Sell to Open: AAL Feb28 $ 18.00 calls, currently priced at $  0.36 bid/$ 0.40 ask.

With this bid/ask, set your limit at the $ 0.38 midpoint. If you do not own AAL shares the buy/write combo trade price will be about $ 17.80 (with the shares at $ 18.17).

This trade has a cash return of 2.20% in 30 days. If the calls expire in the money, the return from here would be 7.05%.

January 29, 2025 - 12:42 pm

In the live session today we sold two puts to get back into both AI and CRK. For AI, we sold the February 28th 27 put for around 1.05. You’ll need 2,700 per put in a cash account to make the trade. Expiration is in 30 days. Return from premium is 3.9%.

For CRK, we sold the February 21st 18 put for around 60 cents. You’ll need 1,800 per put in a cash account to make this trade. Expiration is in 23 days. Return from premium is 3.3%.

January 22, 2025 - 12:49 pm

In the live session today we covered two of our stock holdings that were both uncovered, FSLY and CLF. In FSLY, we sold the February 14th 11.5 calls for around 32 cents. Expiration is in 23 days. Return from premium is 3.3%. Return if called away at 11.5 is 22%.

For CLF, we sold the February 14th 10.5 calls for around 39 cents. Expiration is in 23 days. Return from premium is 3.9%. If called at 10.5, the return will be 8.8%.

January 22, 2025 - 12:46 pm

Our last trade on SentinalOne (S) was a short put that expired in the money on Jan 10. Today we are selling calls to cover our owned shares of SentinalOne. Here is the trade:

• Sell to Open: Feb21 $ 23.50 calls, priced at $ 0.70 bid/$ 0.80 ask

With a ten-cent spread, set your limit at the midpoint, in this case, $ 0.75. If you don’t own shares, the pricing for a buy/write trade would be about $ 22.25.

This trade has a cash return of 3.26% in 30 days. If the calls expire in the money the return from here would be 5.57%.

January 22, 2025 - 12:40 pm

During today’s live trading room we restarted trading in American Airlines (AAL) with a short put trade. AAL reports earnings tomorrow, Jan 23. The Jan 24 at-the-money puts are very attractive. Here is the trade:

• Sell to Open: AAL Jan24 $ 18.50 puts, currently trading at $ 0.71 bid/$ 0.74 ask

AAL is trading within a few cents of $ 18.50. Set your limit near the midpoint. With this pricing I would use $ 0.72.

This trade has a cash return of 3.89% in two days.

January 15, 2025 - 12:50 pm

During today’s live trading room I recommended two trades, selling calls on shares we already owned. Here are the trades:

First up, Beazer Homes (BZH)

• Sell to Open: BZH Feb21 $ 30.00 calls, currently priced at $ 0.95 bid/$ 1.05 ask

With a ten-cent spread, set your limit at the midpoint, in this case $ 1.00. If you see a 5-cent spread, use the bid price. With BZH at $ 28.13, the limit for a buy/write trade would be about $ 27.15.

This trade has a cash return of 3.55% in 37 days. If the calls expire in the money, the return from here would be 10.02%.

The second trade was to cover our shares of AngloGold Ashanti (AU). Here is the trade:

• Sell to Open: AU Feb21 $ 29.00 calls, currently priced at $ 0.65 bid/$ 0.70 ask.

Set your limit at the $ 0.65 bid price or the bid you see on your trading screen. With AU at $ 26.88, a buy/write trade would have a limit of about $ 26.25.

This trade has a cash return of 2.42% in 37 days, if the calls expire in the money, the return from here would be 10.31%.

January 15, 2025 - 12:49 pm

In the live session today we sold calls on two uncovered stock positions. First off, for our uncovered INTC shares, we sold to open the February 14th 21 calls for around 74 cents. Expiration is in 30 days. Return from premium is 3.8%. Return if called away at 21 is 12.9%.

For our uncovered URA shares, we sold to open the February 21st 29 calls for around 80 cents. Expiration is in 37 days. Return from premium is 2.9%. Return if called away at 29 is 7%.

January 8, 2025 - 12:55 pm

We made a couple new trades in the live session today. First off, we have no position in AI, so we sold puts. Specifically, we sold the January 24th 31 puts for around 80 cents. Expiration is in 16 days. You’ll need 3,100 per put sold in a cash account to make the trade. Return from premium is 2.6%.

Next, we have uncovered shares in DKNG, so we sold calls to cover the shares. (If you don’t have DKNG shares, you can sell the 35 or 36 put instead, or do the full buy-write using the call below).  We sold the February 7th 41 call for around 90 cents. Expiration is in 30 days. Return from call premium is 2.4%. Return if called away at 41 is 10%.

January 8, 2025 - 12:50 pm

For today’s live trading room we sold calls to cover our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Jan 31, $ 16.50 calls, currently priced at $ 0.50 bid/$ 0.51 ask

With  a one-cent spread, set your limit at the $ 0.50 bid price. If you see a wider spread, use a limit between the bid and ask.

This trade has a cash return of 3.16% in 23 days. If the calls expire in the money, the return from here would be 7.46%.

If you do not own any Macy’s shares, you can do a buy/write with a limit of about $ 15.33

December 30, 2024 - 11:25 am

On Friday, our $ 26.00 puts on Norwegian Cruise Lines (NCLH) expired in the money and we now own the shares. NCLH trades at .83, just under our assignment price. Call option prices on NCLH are too attractive two wait for another week to make a trade, so I am sending out one today to sell calls against our owned shares of NCLH. Here is the trade:

• Sell to Open: NCLH Jan 24, $ 27.00 calls, currently priced at $ 0.64 bid/$ 0.67 ask

Set your limit near the bid/ask midpoint with this pricing I would use $ 0.65.

This trade has a cash return of 2.5% in 25 days. If the calls expire in the money the return from here would be 6.34%

December 18, 2024 - 12:40 pm

During the live session, we opened a buy-write on FSLY and sold calls on our shares of CLF. For CLF, you can enter the fully buy-write if you aren’t yet in the trade (bottom screenshot).

For FSLY, we bought the shares and sold to open the January 10th 12.5 calls for a net debit around 11. Expiration is in 23 days.  Return from premium is 4.3%. If called away at 12.5, total return will be 13.2%.

For CLF, we sold the January 17th 11 calls for around 42 cents. Expiration is in 30 days. Return from premium is 4.1%. If called away at 11, the total return will be 12.2%.

December 11, 2024 - 12:47 pm

Our previous short puts on SentinalOne (S) expired out of the money on Friday. Today we are selling more puts on this stock. Here is the trade:

• Sell to Open: S Jan10 $ 23.50 puts, currently priced at $ 0.85 bid/$ 0.95 ask

You should be able to get filled with a limit order at the $ 0.90 midpoint.

This trade has a cash return of 3.8% in 30 days.

December 11, 2024 - 12:43 pm

Our previous short calls on Antero Resources (AR) expired in the money on Friday and our shares were called away. Today we re-entered trading AR with a new buy/write trade. Here is the trade:

• Buy AR in 100 share increments, one lot minimum, currently priced at $ 32.60
• Sell to Open: AR Jan03 $ 33.00 calls priced at $ 1.03 bid/$ 1.10 ask

Set your limit at a penny above the combo trade midpoint. I am using $ 31.54 as a reference, but trade the prices you see on our screen.

This trade has a cash return in 23 days. If the calls expire in the money, the return from here would be 4.63%.

December 11, 2024 - 12:39 pm

DKNG has pulled back a bit, so in the live session today we got back into it by selling to open the January 3rd 41 put for around 95 cents. Expiration is in 23 days. You’ll need 4,100 per put in a cash account to make the trade. Return from premium is 2.3%.

December 4, 2024 - 12:54 pm

During today’s live trading room we sold calls on our uncovered shares of Macy’s Inc. (M). Our last short calls (.50 strike) expired out of the money on Friday. Here is the trade:

• Sell to Open: M Jan03 $ 17.50 calls, currently priced at $ 0.50 bid/$ 0.56 ask

You should get filled if you set your limit at the midpoint, which with this pricing would be $ 0.53. Use the prices you see on your trade screen.

This trade has a cash return of 3.28% in 30 days. If the calls expire in the money, the return from here would be 9.66%.

Here is the buy/write trade:

December 4, 2024 - 12:53 pm

In the live session today we sold to open a put on URA. Our shares were called away previously, so we are getting back with a short-term, aggressive put – the December 20th 31.5 put for around 85-90 cents. Expiration is in 16 days. You’ll need 3,150 per put in a cash account to make the trade. Return from premium is 2.7%.

November 27, 2024 - 12:50 pm

Today I recommended two trades during the live trading room My second trade is a short put on Norwegian Cruise Lines (NCLH). Here is the trade.

• Sell to Open: NCLH Dec27 $ 26.00 puts, currently priced at $ 0.7o bid/$ 0.73 ask

Put your limit price between the bid ask. With this pricing I would use $ 0.71.

This trade has a cash return of 2.73% in 30 days.

November 27, 2024 - 12:49 pm

In the live session today we opened up a new position in INTC by selling a put. Specifically, we sold to open the December 27th 22.5 put for around 83 cents. You’ll need 2,250 per put in a cash account to make the trade. Expiration is in 30 days. Return from premium is 3.7%.

November 27, 2024 - 12:44 pm

During today’s live trading room, I recommended a new buy/write trade on American Airlines (AAL). Here is the trade:

• Buy AAL shares in 100 share increments, one lot minimum. Current price: $ 14.54
• Sell to Open: AAL Dec20 $ 15.00 calls, priced at $ 0.47 bid/$ 0.48 ask

The combination trade has a midpoint of $ 14.07. I suggest setting your limit a penny higher at $ 14.08.

Trades are filling slow today, so if you have trouble getting filled, leg into the trade by buying shares first and then sell the call options.

This trade has a cash return of 2.96% in 23 days. If the calls expire in the money the return from here will be 6.4%.

November 20, 2024 - 1:02 pm

Our last short calls on AngolGold Ashanti (AU) expired Friday out of the money. Today I recommended selling more calls against our owned shares. Here is the trade:

• Sell to Open: AU Dec20 $ 26.00 calls, priced at $ 0.45 bid/$ 0.50 ask

Set your limit at the $ 0.45 bid price.

This trade has a cash return of 1.86% in 30 days. If the calls expire in the money, the return from here would be 9.25%.

Here is the buy/write trade:

November 20, 2024 - 12:55 pm

In the live session today, we made two trades. In AI, our puts expired out of the money, so we are selling more puts, specifically the December 13th 29 puts for around 1.30. Expiration is in 23 days. You’ll need 2,900 per put in a cash account to make the trade. Return on premium is 4%.

Our CRK shares were called away last week, so we are getting back in via put. We are selling the December 20th 14 put for around 45 cents. You’ll need 1,400 per put in a cash account to make the trade. Expiration is in 30 days. Return on premium is 3%.

November 20, 2024 - 12:53 pm

On Friday, our short put on Beazer Homes (BZH) expired out of the money. Today, during the live trading room I recommended a new buy/write trade on BZH. Here is the trade:

• Buy BZH in 100 share increments, one lot minimum. Current price $ 32.75
• Sell to Open BZH Dec20 $ 34.00 calls priced at $ 0.95 bid/$ 1.05 ask

A limit of $ 31.80 for the buy/write combo trade is just above the midpoint and should get you filled for the order.

This trade has a cash return of 2.90% in 30 days. If the calls expire in the money, the return from here would be 6.72%

November 14, 2024 - 2:52 pm

A note went out earlier today about our November monthly live session.

It’s being rescheduled to next week. It will be at 8:00 p.m. eastern like usual. Do NOT show up tonight.

Just use this link to join at that time: https://us02web.zoom.us/j/82206830225

Sorry for any confusion.

November 13, 2024 - 12:38 pm

In the live session today, we made two trades. We had shares in CLF and FSLY uncovered. In both cases, if you don’t own the shares you can do the full buy-write (second screenshot for each stock). For CLF, we sold the December 13th 13 call for around 33 cents. There’s 30 days to expiration. Return from premium is 2.8%. Return if called away at 13 is 11.7%.

In FSLY, we sold the December 13th 8 calls for around 30 cents. Expiration is in 30 days. Return from premium is 4%. If called at 8, the return will be 11.6%.

November 13, 2024 - 12:34 pm

During today’s live trading room, we sold calls against our uncovered shares of Macy’s Inc. (M). Macy’s reports earnings on Nov. 27, so we got some nice premium with a short, two-week trade. Here is the trade:

• Sell to Open: M Nov29  $ 16.50 calls, currently priced at $ 0.40 bid/$ 0.44 ask

With this spread, set your limit at the midpoint or $ 0.44.

This trade has a cash return of 2.75% in 16 days. If the calls expire in the money the return from here would be 1o.66%.

Here is the buy/write trade:

November 6, 2024 - 12:41 pm

Today we also initiated a new short put trade on SentinalOne (S). Here is the trade:

• Sell to Open: S Dec06 $ 25.00 puts, currently priced at $ 0.90 bid/$ 1.00 ask

You should get filled with a limit trade at the $ 0.95 midpoint.

This trade has a cash return of 3.8% in 30 days.

November 6, 2024 - 12:37 pm

During today’s live trading room we sold calls against our uncovered shares of Antero Resources (AR). Here is the trade:

• Sell to Open: AR Dec06 $ 30.00 calls, priced at $ 0.68 bid/$ 0.74 ask

For your limit price, with this pricing, $ 0.70 is a good starting point and you should get filled at that price.

This trade as a cash return of 2.45% in 30 days. If the calls expire in the money, the return from here would be 7.42%.

Here is the buy/write trade:

November 6, 2024 - 12:31 pm

In the live session today, we sold the DKNG November 29th 34 puts for around 82 cents to replace the ones that expired last week. You’ll need 3,400 per put in a cash account to make the trade. Expiration is in 23 days. Return from premium is 2.4%.

October 30, 2024 - 12:56 pm

In the live session today we sold a put in PLTR to replace the one that expired last week. We sold to open the 11/15 40 put for around 1.27. Expiration is in 17 days and includes the next earnings release. You’ll need 4,000 in your cash account per put to make the trade. Return from premium is 3.2%

October 23, 2024 - 12:42 pm

In the live session today, we made two trades.  Our URA puts expired OTM, so we got back into it via buy-write. We are buying shares and selling the November 22nd call for a net debit of around 30.68. Expiration is in 30 days. Return from call premium is 3.3%. Return if called away is 7.3%.

Our FSLY calls expired for zero as well, so we are selling more 8 calls for around 37 cents expiring on November 8th. If you don’t own FSLY yet, you can do the full buy-write (bottom screenshot). Expiration is in 16 days. Return from call premium is 5.2%. If called away, the return will be 16.7%.

October 23, 2024 - 12:33 pm

Two cash secured put trades during the live trading room. Here is the first trade on Norwegian Cruise Lines (NCLH):

• Sell to Open: NCLH Nov22 $ 21.00 puts, currently priced at $ 0.47 bid/$ 0.50 ask

Put your limit near the midpoint, in this case $ 0.48.

This trade has a cash return of 2.03% in 30 days.

Second trade:

Beazer Homes (BZH) trades just monthly options. Here is the short-put trade:

• Sell to Open: BZH Nov15 $ 28.00 puts, priced at $ 0.55 bid/$ 0.65 ask.

You should get filled with a limit order at the $ 0.60 midpoint.

This trade has a cash return of 1.93% in 23 days.

October 21, 2024 - 12:22 pm

Weekly Income Accelerator Trade, Selling AngloGold Ashanti (AU) calls. We had a number of short options trades expire on Friday. Since AU only trades with monthly options, I want get this trade started ASAP. Here is the trade:

• Sell to Open: AU Nov15 $ 32.00 calls, currently priced at $ 0.85 bid/$ 0.95 ask.

AU trades for  $ 30.77. With a 10-cent spread, set your limit at the midpoint, in this case $ 0.90.

The trade has a cash return of 2.92% in 25 days. If the calls expire in the money, the return from here would be 6.92%.

October 16, 2024 - 12:46 pm

Our previous short calls on Antero Resources (AR) expired in-the-money on Friday and our shares were called away. Today I recommended a buy/write trade to re-enter a position on AR. Here is the trade:

• Buy: AR shares in 100 share increments, one lot minimum. AR currently priced at $ 27.33
• Sell to Open: AR 01Nov24 $ 29.00 calls, priced at $ 0.44 bid/$ 0.47 ask

The combination trade has a 6-cent spread with midpoint of $ 26.86. I recommend putting your limit price just above the midpoint, which would be $ 26.88. A buy/write can take longer to fill, so check your order status and adjust your limit if necessary.

This trade has a cash return of 1.67% in 16 days. If the calls expire in the money the return from here would be 7.93%.

October 16, 2024 - 12:39 pm

In the live session today we made two new trades. First off, we purchased a buy-write on CLF. We bought the shares and sold the November 8th 14 calls for a net debit around 12.48. Expiration is in 24 days. Return from premium is 3.8%. If called away at 14, total return will be 11.6%. The second trade we made was selling a put on AI. We sold the November 8th 24 put for a credit of 61 cents. Expiration is also in 24 days. Return from premium is 2.3%.

October 9, 2024 - 12:56 pm

Today we also sold calls to cover our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Nov08 $ 16.50 calls, currently priced at $ 0.31 bid/$ 0.34 ask

Set your limit near the midpoint of the bid/ask. In this case I would use $ 0.32.

The trade has a cash return of 2.07% in 30 days. If the calls expire in the money, the return from here will be 8.87%.

Here is the buy/write trade:

October 9, 2024 - 12:44 pm

During today’s live trading room, I recommended a new short call position on our owned shares of Goodyear Tire & Rubber (GT). Here is the trade:

• Sell to Open: GT Nov15 $ 9.00 calls, currently priced at $ 0.40 bid/$ 0.45 ask

With the five-cent spread, set your limit at the $ 0.40 bid price.

This trade has a cash return of 4.77% in 37 days. If the calls expire in the money, the return from here would be 12.17%.

Here is the buy/write trade:

October 9, 2024 - 12:40 pm

In the live session today, we sold to open the November 1st 35 put in DKNG for around 78 cents. Expiration is in 23 days. You’ll need 3,500 in a cash account per put to make the trade. Return from premium is 2.2%.

October 2, 2024 - 12:38 pm

We made a couple trades in the live session today.  Our most recent URA position got called away, so we got back in by selling puts. Specifically, we sold the October 18th 29 puts for around 50 cents. You’ll need 2,900 in a cash account (per put) to make the trade. Return from premium is 1.7%, with expiration in just 16 days.

For CRK, our shares were uncovered, so we sold the November 15th 12 calls for around 50 cents. Expiration is in 44 days. You can use this opportunity to do the full buy-write if you aren’t yet in the trade (last screenshot). Return from premium is 4.4%. Return if called away at 12 is 11.1%.

October 2, 2024 - 12:32 pm

During today’s live trading room I recommended a new short put trade on SentinelOne (S). Here is the trade:

• Sell to Open: S Nov1 $ 22.50 puts, currently priced at $ 0.65 bid/$ 0.70 ask.

Put your limit in at the bid price. You may get filled with a slightly better price.

This trade has a cash return of 2.89% in 30 days.

October 1, 2024 - 10:49 am

We’re working on some patches to the texting system for Weekly Income Accelerator. (If you’re a 48-Hour Income subscriber you likely received a similar message for that service.) Recently there were a couple of unrelated problems that prevented us from being able to send text messages. This is a test send.

I hope to see you at tomorrow’s live trading room at 12:00 p.m. ET at https://us02web.zoom.us/j/81548360780

September 25, 2024 - 12:42 pm

During the live session today we made two trades.  First we sold the October 25th 35 put in PLTR for around 87 cents. Expiration is in 30 days. You’ll need 3,500 in your cash account to make the trade (per put sold). Return from premium is 2.5%.

We also sold calls on our shares of FSLY that we’ve been holding. (You can also do the full buy-write if you don’t own FSLY – see bottom screenshot). We sold the October 18th 8 calls for 22 cents. Expiration is in 23 days. Return from premium is 2.9%. Return if called away at 8 is 9.6%.

September 25, 2024 - 12:27 pm

During today’s live trading room we sold calls against our owned shares of AngloGold Ashanti (AU). Here is the trade:

• Sell to Open: AU Oct18 $ 31.00 calls, currently priced at $ 0.40 bid/$ 0.45 ask

With a five-cent spread, set your limit at the bid price. If you see a 10-cent spread, set your limit at the midpoint.

The trade has a cash return of 1.39% in 23 days. If the calls expire in the money, the return from here would be 8.88%.

Here is the Buy/Write trade:

September 18, 2024 - 12:58 pm

In the live session today we sold the October 11th 22 put in AI for around 48 cents.  The puts will expire in 23 days and you’ll need 2,200 per put sold in a cash account to make the trade. Return from premium on this trade is 2.1%.

September 18, 2024 - 12:36 pm

During today’s live trading session, we opened a new position in Norwegian Cruise Lines (NCLH) with a cash-secured put. Here is the trade:

• Sell to Open: NCLH Oct18 $ 19.00 puts, currently priced at $ 0.59 bid/$ 0.60 ask.

With a one-cent spread, set your limit at the bid price.

This trade has a cash return of 3.07% in 30 days.

September 11, 2024 - 12:44 pm

During today’s live trading session, we sold calls on our owned shares of Antero Resources (AR). Here is the trade:

• Sell to Open: AR Oct11 $ 28.00 calls, priced at $ 0.62 bid/$ 0.67 ask.

Place your limit near the midpoint. With this pricing I would use $ 0.64.

This trade has a cash return of 2.42% in 30 days. If the calls expire in the money, the return from here would be 8.40%.

Here is the buy/write trade:

September 11, 2024 - 12:36 pm

In the live session today we sold a call on our uncovered shares of CLF. You can also use this opportunity to enter the full buy-write (second screenshot) if you aren’t yet in the trade. We sold the October 11th 11.5 calls for around 37 cents. Expiration is in 30 days. Return from premium is about 3.5%, and return if called away at 11.50 is 11.7%.

September 11, 2024 - 12:36 pm

During today’s live trading session, we opened a new position in Beazer Homes (BZH) with a short-put trade. Here is the trade:

• Sell to Open: BZH Oct18 $ 29.00 put, currently priced at $ 0.75 ask/$ 0.85 bid.

With a ten-cent spread, put your limit at the midpoint, in this case $ 0.80.

With BZH trading at $ 30.85, this trade has a cash return of 2.6% in 37 days.

September 4, 2024 - 12:47 pm

During today’s live trading room I recommended selling calls on our uncovered shares of Macy’s (M). Here is the trade with M trading at $ 15.49:

• Sell to Open: M Oct10 $ 16.00 calls, priced at $ 0.37 bid/$ 0.39 ask

With a two-cent spread you should be able to get filled if you set your limit at the midpoint, in this case $ 0.38.

Macy’s goes ex-dividend on September 13, and with that cash, this trade has a cash return of 3.55% in 30 days. If the calls expire in the money the return from here would be 6.84%.

Here is the buy/write trade:

September 4, 2024 - 12:40 pm

In the live session today we sold the DKNG October 4th 33 put for around 1.15. Our shares got called away at 34 last week, so we are getting back in via short put. Expiration is in 30 days. You’ll need 3,300 per put to make this trade in a cash account. Return on premium is 3.5%.

August 28, 2024 - 12:47 pm

In the live session today we opened a new trade in AI (by selling a put). Specifically, we sold the September 13th 20.5 put for around 81 cents. There are just over two weeks to expiration. Return from premium is 3.6%. You’ll need 2,050 of cash in your account for every put sold (in a cash account). Earnings are coming up the first week of September.

August 28, 2024 - 12:39 pm

Today we opened a new stock trade with a short put sold on SentinalOne, Inc. (S). Here is the trade:

• Sell to Open: S Sep27 $ 23.00 puts, currently priced at $ 0.65 bid/$ 0.70 ask

S options trade in 5-cent increments, so with a a nickle spread, use the bid price as your limit price. In this case, $ 0.65.

The trade has a cash return of 2.80% in 30 days. Since this is a short put trade the return will be the same whether the put expires in or out of the money.

August 23, 2024 - 12:58 pm

Our PLTR puts expired for zero last week, so let’s get back in by selling more puts. We can sell the September 13th 30 puts for around 74 cents. That’s 2.5% return on premium in about 3 weeks. You’ll need 3,000 in your account for each put sold.

August 21, 2024 - 12:53 pm

In the live session today we sold a call on our recently assigned shares of URA. If you don’t yet own URA shares, you can use this opportunity to place a full buy-write (second screenshot). We are selling the September 20th 27 calls for around 55 cents. Expiration is in 30 days. Return from premium is 2.1%. If called away, the return will be 6.7%.

August 21, 2024 - 12:52 pm

During today’s live trading room, I recommended selling calls on our uncovered shares of Goodyear Tire & Rubber (GT). Here is the trade:

• Sell to Open: GT Sep20 $ 9.00 calls, priced at $ 0.30 bid/$ 0.35 ask

These options trade in 5-cent increments, so you need to put your limit at the $ 0.30 bid price.

The trade has a cash return of 3.45% in 30 days. If the calls expire in the money, the return from here will be 6.90%.

August 21, 2024 - 12:45 pm

Our last covered call trade on AngolGold Ashanti (AU) expired in the money on Friday and our shares were called away. Let’s get back into this stock with a new buy/write trade. Here is the trade:

• Buy shares of AU in 100 share increments, one lot minimum, currently priced at $ 32.33
• Sell to Open: AU Sep20 $ 34.00 calls priced at $ 0.75 bid/$ 0.85 ask

The buy/write combination trade has a net midpoint of $ 31.53. To help get your order filled put your limit 2-cents above the midpoint you see on your trade screen. You may need to monitor the trade, and if it doesn’t get filled within 10-15 minutes, adjust your limit price.

Including the pending dividend payment, this trade has a cash return of 2.94% in 30 days. If the calls expire in the money, the return from here will be 8.40%.

August 14, 2024 - 1:04 pm

During today’s Weekly Income Accelerator live trading room, I recommended three trades. Read through to get them all.

First trade: Sell outright your shares of Paramount Global (PARA). This stock is no longer working for covered call trades, so we are selling and will use the cash for a new stock next week.

Second trade: We sold calls on our uncovered shares of American Airlines (AAL). Here is the trade:

• Sell to Open: AAL Sept13 $ 10.50 calls, currently priced at $ 0.17 bid/$ 0.18 ask.

With this 3-cent spread, place your limit just above the midpoint at $ 0.18. Always adjust your limit price based on what you see on your trade screen.

This trade has a cash return of 1.85% in 30 days. If the calls expire in the money, the return from here would be 9.87%.

Here is the buy/write trade:

Trade three: We sold calls on our uncovered shares of Warner Brothers Discovery (WBD). Here is the trade:

• Sell to Open: WBD Sep 6,  $ 7.00 calls, currently priced at $ 0.27 bid/$ 0.30 ask

Place your limit at or just below the midpoint, which with this pricing would be $ 0.27.

This trade has a cash return of 3.91% in 23 days. If the calls expire in the money, the return from here would be 5.21%.

Note: The goal is to get out of WBD with this trade. If you don’t own shares, don’t do a buy/write trade.

August 14, 2024 - 12:46 pm

In the live session today we sold calls on our shares of CRK. We sold the September 20th 11 calls for around 40 cents, with expiration in 37 days. Returns from premium are 3.8%. If called away, the return will be 8.4%. If you don’t own shares of CRK, you can use this opportunity to enter the full buy-write (second screenshot).

August 7, 2024 - 12:45 pm

Weekly Income Accelerator: Selling Antero Resources Calls

In today’s live trading room I recommended selling calls against our uncovered shares of Antero Resources (AR). Here is the trade:

• Sell to Open: AR Sep06 $ 27.00 calls, priced at $ 0.73 bid/$ 0.95 ask

The bid/ask spread is extreme. It narrows as trades are actually placed. With AR at $ 25.93, you should be able to get a fill with a limit of $ 0.78 to  $ 0.80. If AR is a bit lower, adjust your limit a few cents lower.

This trade has a cash return of 3.01% in 30 days. If the calls expire in the money, the return from here would be 7.10%.

Here is the buy/write trade:

August 7, 2024 - 12:42 pm

In the live session today we sold a call on our shares of DKNG. We were assigned on the shares from our short put that expired on Friday. We sold the August 30th 34 put for 70 cents. There are 23 days to expiration. Return from premium is 2.2%. Return if called way is 10.2%. If you don’t own the shares, you can use this opportunity to enter via a buy-write (second screenshot).

July 31, 2024 - 12:43 pm

In the live session today, we sold the CLF August 30th calls for around 31 cents. If you are not in CLF shares yet, you can use this opportunity to do the full buy-write (second screenshot). There are 30 days to expiration. Return from premium is 2%. If called away at 16.50, the return will be around 8%.

July 31, 2024 - 12:42 pm

During today’s live trading room we sold calls against our owned shares of Macy’s Inc. (M). Note that because of the announcement by the Fed later today, bid/ask spreads are very wide. If you see a wide spread, start your limit price close to the ask, and work down until you get filled. Here is the trade:

• Sell to Open: M Aug30 $ 18.50 calls, currently priced at $ 0.47 bid/$ 0.50 ask

With this pricing start at $ 0.49 and go to $ 0.48 if you don’t get quickly filled.

This trade has a cash return of 2.9% in 30 days. If the calls expire in the money the return from here would be 9.4%.

Here is the buy/write trade:

July 24, 2024 - 12:38 pm

In the live session, we sold puts on two different stocks. In FSLY, our shares were called away last week, so we got back in by selling August 9th 7.5 puts for around 80 cents. This will take us through the next earnings period. You’ll need 750 in your account per put sold.  Return on premium collected is 10.7% in about 17 days.

We haven’t had a URA position for a few weeks, but we were able to get back in today by selling the August 16th 27 puts for around 60 cents. You’ll need 2,700 per put sold to make this trade. Return on premium collected is 2.2% in about 24 days.

July 24, 2024 - 12:37 pm

Weekly Income Accelerator: Selling Antero Resources Calls

We have uncovered shares of Antero Resources (AR) from a short call that expired on Friday. AR reports earnings on July 31, so we are going with a short term trade to get some earnings related option premium. Here is the trade:

• Sell to Open: AR Aug2 $ 32.00 calls, currently priced at $ 0.33 bid/$ 0.35 ask

Put your limit price at the bid for a one-cent spread, or at the midpoint if you see a 2-cent spread.

This trade has a cash return of 1.12% in 9 days. If the calls expire in the money, the return from here would be 7.09%.

Here is the buy/write trade:

July 17, 2024 - 12:46 pm

In the live session today we sold to open puts on PLTR (since our last puts expired for zero this past Friday).  We are selling the August 16th 25 puts for around 92 cents. You’ll need 2,500 in your account per put sold. Return on premium is 3.7%. Expiration is in 30 days.

July 17, 2024 - 12:43 pm

Weekly Income Accelerator: Selling Warner Brothers Calls

Today, during the live trading room I recommended selling calls on our owned shares of Warner Brothers Discovery (WBD). Here is the trade:

• Sell to Open: WBD Aug9 $ 8.50 calls, currently priced at $ 0.38 bid/ $ 0.39 ask

With the one cent spread, set your limit at the bid price, with this pricing $ 0.38.

This trade has a cash return of 4.63% in 23 days. If the calls expire in the money, the return from here would be 8.29%.

Here is the buy/write trade:

July 10, 2024 - 1:17 pm

Weekly Income Accelerator: Selling American Airlines Calls

Let’s sell calls against our owned shares of American Airlines (AAL). Here is the trade:

• Sell to Open: AAL Aug09 $ 12.00 calls, currently priced at $ 0.28 bid/$ 0.30 ask.

Set your limit at the midpoint, which with these prices would be $ 0.29.

This trade has a cash return of 2.6% in 30 days. If the calls expire in the money, the return from here would be 10.32%.

Here is the buy/write trade:

July 10, 2024 - 1:09 pm

In the live session, we sold puts on DKNG and sold calls on KEY. For KEY, we sold the at the money calls at 14.50 for 39 cents that expire on July 19th (9 days to expiration).  We are looking to get the stock called away. However, if you aren’t yet in the position, you can still use this opportunity to enter a full buy-write (second screenshot). Return from premium is 2.7% (which is almost the same as the return if called away because we used at the money calls).

For DKNG, we are selling a put at the 34 strike for around 1.15 that expires on August 2nd. There are 23 days to expiration, and the options expire right after earnings. You’ll need 3,400 in your account per every put that is sold. Return from premium is 3.4%. See bottom screenshot for trade details.

July 10, 2024 - 1:02 pm

Weekly Income Accelerator: Selling Goodyear Tire Calls

We are selling at-the-money calls on Goodyear Tire & Rubber (GT) with the hope of getting out of this stock. In the meantime, the August at-the-money calls are very attractive, giving us a nice payday to wait. Here is the trade:

• Sell to Open: GT Aug16 $ 11.00 calls, currently priced at $ 0.65 bid/$ 0.70 ask.

GT is trading just above the strike at $ 11.06. With a 5-cent spread, put your limit at the bid price. In this case, $ 0.65.

This trade has a return of 5.42% in 37 days, whether the calls expire in or out of the money.

Here is the buy/write trade:

July 3, 2024 - 12:36 pm

Weekly Income Accelerator: Selling PARA Calls

The market closes early today, so I am taking some short cuts to get this trade posted. We are selling calls on our owned shares of Paramount Global (PARA). Here is the trade:

• Sell to Open: PARA Jul26 $ 12.00 calls, currently priced at $ 0.30 bid/ 0.33 ask.

Place your limit near the midpoint. With this pricing I would use $ 0.31.

With PARA at $ 11.58, this trade has a cash return of 2.68% in 23 days. If the calls expire in the money, the return from here would be 6.30%.

June 26, 2024 - 1:23 pm

In the live session today we sold the 11 calls in CRK expiring on July 19th for around 30 cents. That’s a premium return of 2.8% in 23 days. If called away, the return will be 5,3%.  If you don’t yet own CRK shares, you can use a buy-write to enter the trade (second screenshot).

June 26, 2024 - 1:04 pm

Selling Calls on AngloGold Ashanti

Our previous short calls on AngloGold Ashanti (AU) expired out of the money on Friday. Let’s cover our owned AU shares with a new call option trade. Here is the trade:

• Sell to Open: AU Aug16 $ 27.00 calls, currently priced at $ 0.75 bid/$ 0.80 ask

With the five cent spread, use the bid price as your limit price. Getting $ 0.75 for your sold calls, this trade has a cash return of 3.06% in 51 days. If the calls expire in the money the return from here will be 13.27%.

Here is the buy/write trade:

June 26, 2024 - 12:53 pm

Selling Calls on Antero Resources

Our previous short calls on Antero Resources (AR) expired out of the money on Friday. Let’s sell calls against our owned shares. Here is the trade:

• Sell to Open: AR Jul19 $ 34.00 calls, currently priced at $ 0.64 bid/$ 0.68 ask.

A limit order at the midpoint should get filled. If you get $ 0.66, this trade has a cash return of 2.01% in 23 days. If the calls expire in the money, the return from here would be 5.45%.

Here is the buy/write trade:

June 26, 2024 - 12:09 pm

The Live Trading Room link sent earlier this morning was incorrect. Please use this one: https://us02web.zoom.us/j/81548360780

Our apologies for any inconvenience.

June 20, 2024 - 1:29 pm

Weekly Income Accelerator: Selling Macy’s Calls

Our previous short calls on Macy’s Inc. (M) expired out of the money on Friday. During today’s live trading room, I recommended again selling calls against our owned shares. Here is the trade:

• Sell to Open: M Jul19 $ 20.00 calls, currently priced at $ 0.27 bid/$ 0.39 ask

The bid/ask spread has blown open since we were trading this morning. At that time, we had a easy-to-trade 2-cent spread. This 8-cent spread is tough. The midpoint is $ 0.33. Place your initial limit a penny above the midpoint to see if we can get the market maker to be more real with the pricing. You should be able to get filled at $ 0.33 to $ 0.34.

The trade has a cash return of 1.81% in 29 days. The return from here if the calls expire in the money is 11.4%.

Here is the buy/write trade:

June 20, 2024 - 1:22 pm

In the live session today we made a trade in FSLY and PLTR. In FSLY we sold the July 19th 7.50 calls for around 24 cents. This could also be used as a entry point for a full buy-write if you don’t own shares (second screenshot). We are collecting about 3.5% in premium over roughly 30 days. If called away, our returns will be about 11.9%.

In PLTR, our shares got called away, so we are getting back in with a short put. We are selling the July 12th 25 puts for around 70 cents (the price is moving around a lot, so it may be different than the screen shot). In 22 days to expiration, the return will be around 2.7%. You’ll need 2,500 in your account to trade this cash secured put.

June 14, 2024 - 11:36 am

Weekly Income Accelerator: Selling WBD Calls

We own uncovered shares of Warner Brothers Discovery (WBD). Let’s rectify the situation by selling some calls and taking in some cash. Here is the trade:

• Sell to Open: WBD Jul 5, $ 7.50 calls, currently priced at $ 0.21 bid/$ 0.23 ask

With a two-cent spread, put your limit at the midpoint, which with this pricing would be $ 0.22. With a one-cent spread, use the bid price for your limit.

This trade has a cash return of 3.02% in 21 days. If the calls expire in the money, the return from here would be 6.04%.

Here is the buy/write trade:

June 12, 2024 - 12:34 pm

In the live session today we sold a cash secured put on URA. We are selling the June 21st 29.5 puts for around 55 cents. These puts expire in 9 days.  From the premiums, we are generating a return of 1.9% (for just a 9-day period). You’ll need 2,950 in cash in your account per one lot to make the trade.

June 5, 2024 - 12:50 pm

New Sold Calls Trade on American Airlines (AAL) — there are two trades posted today

Our last short calls trade on AAL expired out of the money on Friday. Today I am recommending a new short calls trade on our owned shares of AAL. Here is the trade:

• Sell to Open: AAL 28Jun $ 12.00 calls, currently priced at $  0.26 bid/$ 0.27 ask

You should get filled by setting your limit price at the bid price, which with this pricing would be $ 0.26.

This trade has a cash return of 2.24% in 23 days. If the calls expire in the money, the return from here would be 5.69%.

Here is the buy/write trade:

June 5, 2024 - 12:42 pm

New Sold Calls Trade on Paramount Global (PARA) 

Our last short calls trade on PARA expired out of the money on Friday. Today I am recommending a new short calls trade on our owned shares of PARA. Here is the trade:

• Sell to Open: PARA 28Jun $ 13.00 calls, currently priced at $  0.28 bid/$ 0.30 ask

You should get filled by setting your limit price at the midpoint, which with this pricing would be $ 0.29.

This trade has a cash return of 2.32% in 23 days. If the calls expire in the money, the return from here would be 10.3%.

Here is the buy/write trade:

June 3, 2024 - 1:56 pm

With CLF, we’re finally at a price level that I’m comfortable with, so let’s go ahead and cover our shares. For those not in CLF, this is a good opportunity to enter via buy-write (second screenshot). We are selling the July 5th 18 calls for around 38 cents. Expiration is in 32 days. Return from premium is 2.2%. If called away, the return will be 6.3%.

May 31, 2024 - 3:26 pm

I mentioned on Wednesday that I wanted to do a CLF trade this week. It’s not quite where we want it to be (I prefer to sell the 18 calls), but it’s almost there. Let’s give it one more trading before pulling the trigger.

May 29, 2024 - 1:03 pm

We made two trades today in the WIA live session. First off, we’re getting back into DKNG with short puts. We’re selling the June 28th 34 puts for around 80 cents. That’s 30 days to expiration and a return on premium of about 2.4%. It’s a cash secured put, so you’ll need 3,400 in your account per put traded.

We are also covering our KEY shares with the July 5th 14.5 calls for around 32 cents. You can use this opportunity to enter the trade via buy-write if you don’t yet own KEY shares (bottom screenshot). There are 37 days to expiration for these calls. Return on premium is 2.3%. Return if called away is 7.2%.

May 22, 2024 - 12:49 pm

Weekly Income Accelerator: New Buy/Write on Antero Resources

We recommended three new trades today during the live trading room. Make sure you see them all. This is the new buy/write on Antero Resources (AR). Here is the trade:

• Buy shares of AR in 100 share increments, one lot minimum, currently priced at $ 34.23
• Sell to Open: AR 21Jun $ 34.50 calls, priced at $ 1.06 bid/$ 1.10 ask

Set your limit at or just above the midpoint of the combo trade, which with this pricing would be at $ 33.20. The AR price is moving a lot so check your order status and adjust your limit as necessary.

This trade has a cash return of 3.16% in 30 days. If the calls expire in the money the return will be 3.94%.

May 22, 2024 - 12:41 pm

Weekly Income Accelerator Trade: New Buy/Write on AngloGold Ashanti

During today’s live trading session I recommended a new buy/write trade on AngloGold Ashanti (AU). Our previous trade expired in the money on Friday. Here is the trade:

• Buy AU in 100 share increments, one lot minimum, current price $ 24.95
• Sell to Open: AU 21Jun $ 26.00 calls, priced at $ 0.70 bid/$ 0.80 ask

Set your limit at the midpoint or just above for the combination trade. With this pricing that would be at $ 24.20. The AU share price has moved quite a bit today, so check your order status and be ready to adjust your limit price.

This trade has a cash return of 3.01% in 30 days. If the calls expire in the money the return will be 7.21%.

May 22, 2024 - 12:35 pm

In the live session today, we sold to open the June 21st 11 puts on CRK for around 40-45 cents. Our shares were called away last Friday, so this is opening a new position in CRK. These are cash secured puts, so it will take 1,100 per contract to place this trade (1 contract = 100 shares). At 40 cents, we’re looking at collecting a premium of 3.6% in 30 days.

May 17, 2024 - 7:22 pm

I’m doing a webinar next week with Adam Mesh called the “All-Star Options Event” where we’ll be talking about his options strategies and core trading philosophy. If you’re interested in signing up, here’s the link:

https://webinar.adammesh.com/individual-investors-event/

May 15, 2024 - 12:54 pm

Weekly Income Accelerator: Selling WBD Calls

Today, during the live trading room, I recommended selling calls on our uncovered shares of  Warner Brothers Discovery (WBD). Here is the trade:

• Sell to Open: WBD 07Jun $ 8.50 calls, currently priced at $ 0.22 bid/ $ 0.23 ask.

With a one-cent spread set your limit at the bid price, which with this pricing would be $ 0.22.

The trade has a cash return of 2.68% in 23 days. If the calls expire in the money, the return from here would be 6.21%.

Here is the buy/write trade:

May 15, 2024 - 12:54 pm

In the live session today we sold a call on our uncovered shares of PLTR (the calls expired last Friday). For those of you who aren’t in the trade, you can use this opportunity to do the full buy-write (second screenshot). We are selling the June 14th 23 calls for around 48 cents. That’s a return on premium of 2.2% and a return if called away of 9.4%. Expiration is in 30 days.

May 14, 2024 - 10:52 am

Weekly Income Accelerator: Selling GT Calls

We have an uncovered position in Goodyear Tire & Rubber (GT). The options exchange has stopped trading weekly options on GT, which makes this a less-than-attractive stock for Weekly Income accelerator trades. Fortunately, the share price has come up nicely in the last month, so we can sell at-the-money calls to hopefully get out of GT with a few extra dollars in our pockets. GT currently trades at $ 13.06. Here is the trade.

• Sell to Open: GT 21Jun $ 13.00 calls, currently priced at $CONTENT.60 bid/$ 0.65 ask

With the five-cent bid/ask spread, set your limit at the bid price, in this case $ 0.60.

Our hope is that GT stays above $ 13.00 by expiration and we will be out of this stock. The trade has a 4.59% cash return in 38 days, and the return from here if the calls expire in the money will be 4.13%.

May 8, 2024 - 12:44 pm

Weekly Income Accelerator: Selling PARA calls

Our last short calls on Paramount Global (PARA) expired Friday out of the money. This week we are selling calls against our shares at a higher strike price. Nice! Here is the trade:

• Sell to Open: PARA 31Mar $ 14.00 calls, currently priced at $ 0.46 bid/$ 0.50 ask

Set your limit at or just below the midpoint. With this pricing you would use $ 0.48.

This trade has a cash return of 3.79% in 23 days. If the calls expire in the money the return from here will be 14.38%

Here is the buy/write trade:

May 8, 2024 - 12:39 pm

In the live session today we rolled out our FSLY calls to June 7th. We closed (bought to close) the 14 calls from this Friday and sold to open to the June 7th 9 calls for a net credit of around 30 cents. If you don’t own FSLY shares, you can do a buy-write instead (second screenshot). With 30 days to expiration, return from premium is about 3.6% and return if called away is 10.2%.

May 7, 2024 - 2:05 pm

Weekly Income Accelerator: Selling Macy’s Calls

On Friday our short calls on Macy’s Inc. (M) expired out of the money. Let’s get our Macy’s shares covered with a new short call trade. The company reports earnings on May 21, so option premiums are very rich. We’ll take it. Also, for some reason, the bid/ask spreads are very wide, so check the pricing closely and use the midpoint for your initial limit price. I expect the spread to tighten as we make trades. Here is the trade:

• Sell to Open, M Jun07 $ 21.00 calls, priced at $ 0.72 bid/$ 0.82 ask

Note the 10-cent spread as I write this. The midpoint is $ 0.77, which I would use as an initial limit price. You may need to check your order and adjust your pricing.

This trade has a cash return of 3.94% in 31 days. If the calls expire in the money, the return from here would be 11.3%.

Here is the buy/write trade:

May 3, 2024 - 3:14 pm

For those of you who have gotten assigned on CLF (and those who have not) – the stock has started to rebound a bit.  As such, let’s not cover the shares just yet. At this stage, the best course of action is likely to sit tight and wait until everyone owns the shares (a week from Monday) and then write a call.  Regarding FSLY, we’ll likely roll out our 14 calls (now worth nothing) on Monday to a closer strike at a later date. Stay tuned.

May 1, 2024 - 12:48 pm

In the live session today we sold calls on our uncovered shares of URA. The previous calls expired last week. If you don’t own shares, you can use this opportunity to enter the trade via buy-write (second screenshot). We are selling the May 31st 31 calls for around 85 cents. Expiration is in 30 days. Return from premiums is about 2.9%. Return if called away is 7.2%.

May 1, 2024 - 12:48 pm

Weekly Income Accelerator: Selling AAL Calls

On Friday our previous short call position on American Airlines (AAL) expired out of the money. During today’s live trading session, I recommended covering our AAL position with a new short call trade. Here is the trade:

• Sell to Open: AAL May 31 $ 14.50 calls, currently priced at $ 0.23 bid/$ 0.25 ask.

Set your limit at the midpoint, which in this case would be $ 0.24.

This trade has a cash return of 1.77% in 30 days. If the calls expire in the money, the return from here would be 8.94%.

Here is the buy/write trade:

April 24, 2024 - 1:04 pm

In the live session today we sold calls on FSLY (the last calls expired worthless and we just own the shares). You can also use the opportunity to enter via buy-write (second screenshot) if you aren’t yet in the trade. We’re only going out 16 days with earnings coming up. We sold the May 10th 14 calls for around 70 cents. Return from premium is 5.5%. If called way at 15, the total return is 15.8%.

April 24, 2024 - 1:01 pm

Weekly Income Accelerator: Antero Resources Cash-Secured Put

During today’s live trading room we recommended three new trades. Make sure you see them all.

Our shares of Antero Resources (AR) were called away last Friday, and we will get back into this stock with a cash-secured put trade. Here is the trade:

• Sell to Open: AR May17 $ 30.50 puts, currently priced at $ 0.69 bid/$ 0.71 ask.

With a two-cent spread, put your limit at the midpoint, in this case, $ 0.70. If you see a one-cent spread, put your limit at the bid price.

This trade has a cash return of 2.30% in 23 days

April 24, 2024 - 12:54 pm

Weekly Income Accelerator: New AU Buy-Write

During today’s live trading session we recommended three new trades. Make sure you see them all. Here is a new buy-write on AngloGold Ashanti (AU).

• Buy AU shares in 100 share increments, one lot minimum, currently priced at $ 21.89
• Sell to Open: AU May17 $ 23.00 calls, priced at $ 0.55 bid/$ 0.60 ask

With these prices the combination trade has a midpoint of $ 21.31, I recommend an initial limit price a penny above the midpoint, $ 21.32. If you don’t get a quick (within 10 minutes) fill, recheck the pricing and adjust your limit price.

This trade has a cash return of 2.6% in 23 days. If the calls expire in the money the return will be 7.63%.

April 19, 2024 - 2:43 pm

CRK shares have been uncovered for quite a while, but the price has finally gotten to a point where I’m comfortable covering the stock with short calls. We’re going to sell the May 17th 10 calls for 25 cents. You can also use this as an entry point for the full buy-write if you don’t yet own the shares (second screenshot). There are 28 days to expiration. Premium from calls provides a 2.7% return. If the shares are called away at 10, the return will be 9.5%.

April 17, 2024 - 1:05 pm

In the live session today we sold a cash secured put on CLF. More specifically, we sold to open the May 1oth 20.5 put for around 66 cents. That’s 23 days to expiration. You’ll need to have 2,050 in your account to make the trade. The return from premium on this trade is 3.2%.  Trade details can be found below.

April 17, 2024 - 1:04 pm

The second trade from Tim during the live trading session was to open a new position in Ford Motor Company (F) with a cash secured put. Here is the trade:

• Sell to Open: F 24May $ 11.50 puts, currently priced at $ 0.37 bid/$ 0.39 ask

With a two cent spread, set your limit at the midpoint, in this case, $ 0.38.

This trade has a cash return of 3.3% in 37 days.

April 17, 2024 - 12:57 pm

Weekly Income Accelerator New Trades from the Trading Room

I recommended two trades today. The first was to rollout our Warner Brothers Discovery (WBD) calls that expire on Friday. Here is the trade:

• Buy to Close: WBD 19Apr $ 9.00 calls, currently priced at $ 0.01 bid/$ 0.20 ask
• Sell to Open: WBD 10May $ 9.00 calls, priced at $ 0.20 bid/$ 0.21 ask

The combination trade has net pricing of $ 0.18 bid/$ 0.20 ask. Put your limit price at the midpoint, which with this pricing would be $ 0.19.

You can do the trade as a calendar spread in your trading screen, or trade the two legs separately.

The trade has a cash return of 2.32% in 23 days. If the calls expire in the money, the return from here would be 12.35%.

April 10, 2024 - 12:58 pm

Weekly Income Accelerator: Selling Calls on Macy’s

On Friday our $ 20.00 short puts on Macy’s Inc. (M) expired in the money and were exercised. Today, we are selling calls against the shares we received when the puts were exercised. Here is the trade:

·       Sell to Open: M May 3 $ 21.00 calls, currently priced at $ 0.62 bid/$ 0.67 ask

Set your limit price near the midpoint, which with this pricing would be $ 0.64.

This trade has a cash return of 3.2% in 23 days. If the calls expire in the money the return will be 8.2%.

Here is the buy/write trade

April 10, 2024 - 12:42 pm

In the live session today, we sold calls on PLTR. The stock was assigned last week and our shares were uncovered. You can also use this opportunity to enter the full buy-write (second screenshot). We are selling the May 10th calls for around 1.22. Expiration is 30 days away, so the holding period will include the next earnings release. Trade details can be found below.

April 8, 2024 - 2:36 pm

We are opening up a new buy-write on KEY. The stock was called away over a week ago and the price is back up to a level where we can now sell the 16 calls. We are buying the stock selling the May 3rd calls (25 days away) so the holding period will include the next earnings release. Trade details can be found below.

April 5, 2024 - 2:43 pm

I talked about doing a KEY trade today, but I’m going to wait until Monday (barring anything crazy). I want to a covered call rather than a put and I’d prefer to do that on a day when the stock is higher. Ideally we can get a 16 call for decent premium. Let’s see where things are on Monday and I’ll send out a trade assuming the market is cooperating.

Jay

April 3, 2024 - 1:08 pm

In the live session today, we sold a call on URA. If you aren’t yet in the trade, you can do the full buy-write (second screenshot).

We’re selling the April 26^th 32.50 call for around 70 cents (credit). The full buy-write will cost about 30.47 for the net debit. Return on cash if unexercised is 2.3%. If called away, the total return will be 6.5%. Expiration is in 23 days.

Trade Details:

April 3, 2024 - 1:03 pm

Weekly Income Accelerator Trade: Selling American Airlines Calls

Our latest short calls on American Airlines (AAL) expired out of the money on Friday. Let’s get our shares covered with a new call options trade. Here is the trade:

·       Sell to Open: AAL Apr 26  $ 15.00 calls, currently priced at $ 0.31 bid/$ 0.33 ask

Set your limit at the midpoint, which with this pricing would be $ 0.32.

This trade has a cash return of 2.19% in 23 days. If the calls expire in the money, the return from here will be 8.05%.

Here is the buy/write trade:

April 3, 2024 - 12:52 pm

Weekly Income Accelerator: New Buy/Write trade on Paramount Global

On Friday, our previous calls on Paramount Global (PARA) expired in the money and our shares were called away. Let’s get a new trade started on PARA. Here is the trade setup:

·       Buy shares of PARA in 100 share lots, one lot minimum. Current price: $ 11.77

·       Sell to Open: PARA May 3  $ 13.00 calls, priced at $ 0.42 bid, $ 0.43 ask

Set your net debit limit at $ 11.35 with this pricing.

The trade has a cash return of 3.57%. If the calls expire in the money the return will be 14.02%.

March 27, 2024 - 12:59 pm

Weekly Income Accelerator: Selling Antero Resources Calls

We had our last short calls on Antero Resources (AR) expire out of the money on Friday. Let’s get our AR shares covered with a new call option trade. Here is the trade.

·       Sell to Open: AR Apr 19 $ 29.00 calls, currently priced at $ 0.51 bid/$ 0.52 ask.

With a one-cent spread, set your limit at the bid price. If you see a two-cent spread, use the midpoint price. With this pricing your limit would be $ 0.51.

This trade has a cash return of 1.81% in 23 days. If the calls expire in the money the return from here will be 4.76%.

Here is the buy/write trade:

March 22, 2024 - 1:52 pm

I mentioned earlier in the week that I wanted to sell a call on CRK (or get back in via buy-write if you were called away). We’re not quite there yet. I want to sell the 9 calls in April for at least 20 cents and right now they are about 10-15 cents. We still have 29 days to expiration, so let’s wait to see if we can get a better price on the calls.

J

March 21, 2024 - 8:33 pm

The correct link:

https://us02web.zoom.us/j/82206830225

March 21, 2024 - 8:04 pm

Weekly Income Accelerator monthly live session is on RIGHT NOW!

https://us02web.zoom.us/w/82206830225?tk=yY0mGt9pWLtOPVrm8j_dAybmL-8DWygI8V6L9CMpZlQ.DQYAAAATI-iukRZ6WXJ6Y0xySFFwcVlaRDlDYV9weVBnAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

March 20, 2024 - 12:50 pm

In the live session today, we decided to double down on FSLY calls. Most of you should have uncovered shares on FSLY. Our plan is to double the amount of shares and sell calls (or you could place a full buy-write on new shares and sell calls on the existing shares). If you are new to this trade, you can just start with the buy-write position (shown below).

We’re going to buy the shares and sell the April 19^th 14 calls for around 38 cents – and pay a net debit of of around 12.43.  Expiration is in 30 days. Return from call premiums is about 3%, and return if called away is 12.3%.

Trade Details:

March 20, 2024 - 12:46 pm

Weekly Income Accelerator: New AngloGold Ashanti Buy-Write trade

Our previous short calls on AngloGold Ashanti (AU) expired in the money last Friday.  Let’s get a new position started with a buy/write trade on this stock. Here is the trade:

·       Buy AU shares in 100 share lots, one lot minimum, current price: $ 20.38.

·       Sell to Open: AU Apr 19, $ 21.00 calls, priced at $ 0.70 bid/$ 0.75 ask

The combo trade has a midpoint price of .66. To start set your limit one-cent above the midpoint, in this case $ 19.67. Monitor your trade status, and if you aren’t getting filled adjust your limit closer to the net ask price.

This trade has a cash return of 3.53% in 30 days. If the calls expire in the money, the return would be 6.58%.

March 19, 2024 - 10:57 am

Weekly Income Accelerator: Selling Warner Brothers Calls

On Friday our short calls on Warner Brothers Discovery (WBD) expired out of the money. Option pricing on WBD lets us continue to sell calls for about 2% per month as we wait for some sort of share price recovery. Here is the trade:

·       Sell to Open: WBD Apr 19 $ 9.00 calls, priced at $ 0.20 bid/$ 0.22 ask.

Set your limit at the midpoint of $ 0.21. That’s based on the pricing I see as I write this. Adjust your limit as needed for the prices that will be in effect when you make this trade.

The trade has a cash return of 2.48% in 31 days. The return from here if the calls expire in the money is 8.87%.

Here is the buy/write trade:

March 14, 2024 - 5:38 pm

A reminder for our monthly session went out this morning erroneously stating the call is tonight. It is not.

The call is next Thursday, March 21st. You’ll receive a reminder and link then.

We apologize for any confusion this may have caused you.

Hope to see you next week!

March 14, 2024 - 10:46 am

Weekly Income Accelerator: Cash Secured Puts on Macy’s

Our .00 short calls on Macy’s Inc. (M) expired in the money last Friday and were exercised. I want to get back into Macy’s with a cash-secured put trade.

Some of you got filled in this yesterday during the live trading room. The premiums were acting strangely so I said to cancel open trades and I would send the same trade out today. Here is the trade:

·       Sell to Open: M Apr 05 $ 20.00 puts, currently priced at $ 0.40 bid/$ 0.56 ask

With this very wide bid/ask spread, set your initial limit price near the midpoint of $ 0.48. You may even want to push it and start at $ 0.50. I will use $ 0.48 for tracking.

Check your trade every few minutes and adjust you limit as needed to get filled. Once a few of your trades are completed, you can look at the last trade price as a good indicator for your limit price.

This trade has a cash return of 2.4% in 22 days.

March 13, 2024 - 12:56 pm

During the live session today, we opened a buy-write on CLF. We bought shares and sold the April 12^th 21 call for a net debit around 19.50.

April 12^th expiration is in 30 days. The return on cash from call premiums is 2.8%. If called way at 21, the total return will be 7.5%.

Trade Details:

March 13, 2024 - 12:45 pm

Weekly Income Accelerator: Selling Goodyear Calls

During today’s live trading room I recommended selling calls against our owned, uncovered shares of Goodyear Tire & Rubber (GT). Here is the trade:

·       Sell to Open GT Apr 19, $ 13.00 calls, priced at $ 0.40 bid/$ 0.45 ask.

These calls trade in 5-cent increments, so set your limit at the $ 0.40 bid price.

The trade has a cash return of 3.19% in 37 days. If the calls expire in the money, the return from here would be 6.86%.

Here is the buy/write trade:

March 8, 2024 - 2:56 pm

I’ve gotten several questions regarding FSLY today. We haven’t had too many puts expire in the money, so just a quick explanation of what to expect. An ITM short put will be assigned over the weekend after expiration, as will be the case with FSLY.  As such, we’ll end up owing the stock in our account Monday. That’s perfectly fine, as next week we’ll switch to selling calls on those shares (and FSLY tends have to plenty of premium in the calls). So basically, no action needed today, and we’ll sell calls next week.

March 8, 2024 - 12:13 pm

Our PLTR puts expired out of the money last week, and now that the stock price has stabilized, we can sell more puts. We’ll go out nearly a full month this time on our short puts.

Let’s sell the April 5^th 24.50 put for around 81 cents (current stock price 26.20). To sell put, you’ll need 2,450 in your account per put sold. Expiration is in 28 days and will generate a premium of 3.3%.

Trade Details:

March 6, 2024 - 1:05 pm

In the live session today we sold calls on our uncovered KEY position. This can also be an opportunity to enter the trade via buy-write if you don’t yet own the shares (second screenshot).

We’ll sell to open the 15 call expiring on March 28^th for around 60 cents credit (or a net debit of 14.26 for the full buy-write). That’s a 4% return if flat and 5% if called away. Expiration is in 22 days.

Trade Details:

March 6, 2024 - 12:58 pm

Weekly Income Accelerator Trade: Selling Paramount Calls

During today’s live trading room I recommended covering our owned shares of Paramount Global (PARA) with a new short call trade. Our last calls on PARA expired out of the money on Friday.

Here is the trade:

·       Sell to Open: PARA 3/28 $ 11.50 calls, priced at $ 0.32 bid/$ 0.34 ask

With this pricing set your limit at the midpoint of $ 0.33.

This trade has a cash return of 3.12% in 22 days. If the calls expire in the money the return from here would be 11.81%.

Here is the buy/write trade:

February 29, 2024 - 12:18 pm

Weekly Income Accelerator: Selling Warner Brothers Calls

We have uncovered shares of Warner Brothers Discovery (WBD) and today let’s sell some calls against those shares.

The WBD share price dropped quite a bit after the company’s disappointing earnings release. At this point, I want to keep our short call positions close (expiration date) and tight (strike price) to keep generating cash flow until the stock starts to recover.

Here is the trade:

·       Sell to Open: WBD Mar 15 $ 9.00 calls, priced at $ 0.22 bid/$ 0.23 ask.

WBD trades at $ 8.79. With a one-cent spread set your limit price at the bid. With this pricing, the limit would be $ 0.22.

This trade has a 2.5% cash return in 15 days. If the calls expire in the money, the return from here would be 4.9%.

Here is the buy/write trade:

February 28, 2024 - 2:10 pm

In the live session today, we sold a call on URA. We were assigned on our short put last week, so now we are in the position of writing calls. If you aren’t yet in the trade, you can do the full buy-write (second screenshot).

We’re selling the March 28^th 29 call for around 65 cents (credit). The full buy-write will cost about 26.88 for the net debit. Return on cash if unexercised is 2.4%. If called away, the total return will be 7.7%. Expiration is in 29 days.

Trade Details:

February 28, 2024 - 12:43 pm

Weekly Income Accelerator: New American Airlines Buy/Write 

During today’s live trading session I recommended a new buy/write trade on American Airlines (AAL). Our previous short calls on AAL expired in the money on Friday. Here is the trade:

·       Buy AAL in 100 share increments, one lot minimum, currently priced at $ 15.45.

·       Sell to Open: AAL March 28, .00 calls, priced at $ 0.45 bid/$ 0.46 ask.

The combination trade has a net bid of $ 15.00, which with this pricing, you can use as your limit price.

The trade has a cash return of 2.9% in 29 days. If the calls expire in the money, the return will be 6.5%.

February 21, 2024 - 1:18 pm

Weekly Income Accelerator: Selling Antero Resources Calls

The price of Antero Resources (AR) has popped higher today, up 10% on the day. Let’s sell some calls against our owned shares of AR. Here is the trade:

·       Sell to Open: AR Mar 22 $ 27.50 calls, currently priced at $ 0.68 bid/$ 0.75 ask

Set your limit price near the midpoint. With this bid/ask, I would start at $ 0.72 and check to see if you get filled. If not adjust your limit downward.

This trade has a cash return of 2.85% in 30 days. If the calls expire in the money, the return from here would be 8.95%.

Here is the buy/write trade:

February 20, 2024 - 12:44 pm

I mentioned last week that I’d like to get back into DKNG by selling puts. The stock is down about 7% today which helps our cause. However the puts I’d like to sell don’t yet have a high enough premium to justify entering the trade at this level (and the stock price is also too high for covered calls). We’re going to wait for either the stock to drop further or put premiums to go up. I think this could happen by next week, but we’ll see.

Jay

February 20, 2024 - 9:53 am

Weekly Income Accelerator: Selling AU Calls

I have several stocks which are uncovered, and I plan to recommend selling calls against them this week. Let’s start with AngloGold Ashanti (AU). Here is the trade:

·       Sell to Open: AU Mar 15 $ 19.00 calls, currently priced at $ 0.50 bid/$ 0.60 ask.

AU trades at $ 18.12.

With the 10-cent spread, put your limit price at the midpoint, which with this pricing would be $ 0.55.

This trade has a cash return of 3.04% in 24 days. If the calls expire in the money, the return from here would be 7.89%.

February 16, 2024 - 2:14 pm

FSLY has dropped quite a bit after missing earnings and the selling appears to be overdone at this point. We’re going to re-enter the position using a short put. Because the stock has already dropped so much, we can be aggressive with our strike selection.

Let’s sell to open the March 8^th 15 put for around 60 cents. Expiration is in 21 days. You’ll need 1,500 in cash per put sold, so the return on cash is 4%.

Trade Details:

February 14, 2024 - 1:04 pm

During the live session today, we sold a put on PLTR and sold a call on CRK.

Our PLTR shares got called away last week, so we are getting back into the position with a short put that expires in two weeks. To sell the March 1^st 23 put, you’ll need 2,300 in your account per put sold. Two week return on cash for selling the put is around 2%.

For CRK, our shares have been uncovered for a while, but the stock has been stagnant. As such we’re going to get what premiums we can out of the position while we wait for the share price to recover (commodity stocks have underperformed lately, especially natural gas stocks).

We are selling the March 15^th 8 call for around 15 cents. If you aren’t in CRK, you can ignore this one. For those who are holding shares, return on cash is about 2% and the return if called away is around 10.9%.

Details for both trades can be found below.

Trade Details:

February 14, 2024 - 12:45 pm

Weekly Income Accelerator: Selling Macy’s Calls

During today’s live trading room I recommended selling calls on our owned shares of Macy’s Inc. (M). Our last short calls on Macy’s expired out of the money on Friday.

Here is the trade:

·       Sell to Open: M Mar 8 $ 20.00 calls, currently priced at $ 0.90 bid/$ 0.95 ask

Put you limit order in near the midpoint of the bid/ask spread. With this pricing it would be $ 0.92.

This trade has a cash return of 4.8% in 23 days. If the calls expire in the money, the return from here would be 10.0%.

Here is the buy/write trade:

February 7, 2024 - 1:12 pm

During the live session today, we sold a call against our CLF shares.  Trade details can be found below along with the full buy-write (second screenshot) if you’re not yet in the trade.  We sold the March 8^th 20.50 calls for a credit of around 48 cents.

March 8^th expiration is in 30 days. The return on cash from call premiums is 2.4%. If called way at 20.50, the total return will be 6.4%.

Trade Details:

February 7, 2024 - 12:46 pm

Weekly Income Accelerator: Selling WBD Calls

During today’s live trading room session I recommended selling calls on our owned shares of Warner Brothers Discovery (WBD). Here is the trade:

·       Sell to Open: WBD Feb 23 $ 10.50 calls, currently priced at $ 0.25 bid/$ 0.26 ask

With a one-cent spread, set your limit price at the bid price, which with this pricing would be $ 0.25.

This trade has a cash return of 2.57% in 16 days. If the calls expire in the money, the return from here would be 10.71%.

Here is the buy/write trade:

February 6, 2024 - 1:54 pm

This is a test of the Weekly Income Accelerator text alert system. No action required.

January 31, 2024 - 2:14 pm

In the live session today, we sold a put on URA. Specifically, we sold to open the URA February 23^rd 29 put for around 70 cents. If you’ve never sold a cash secured put before, just make the order look like the one below. Also, you’ll need 2,900 in your account for every put you want to sell.

The return on cash from selling this put is 2.4%. Expiration is in 23 days. We don’t mind if it drops below 29 and we get assigned on the shares, because then we’ll just turn it into a covered call.

Trade Details:

January 31, 2024 - 1:04 pm

Weekly Income Accelerator: Selling Antero Resources Calls

During todays live Weekly Income Accelerator trading room, I recommended selling calls on our owned shares of Antero Resources (AR). Our previous short calls expired out of the money on Friday.

Here is the trade:

·       Sell to Open: AR Feb 16 $ 24.00 calls, currently priced at $ 0.51 bid/$ 0.53 ask.

Set your limit price at the midpoint with a 2-cent spread or at the bid with a one-cent spread. With this pricing that would be $ 0.52.

The trade has a cash return of 2.27% in 16 days. The return from here if the calls expire in the money is 7.31%.

Here is the buy/write trade:

January 30, 2024 - 10:30 am

Weekly Income Accelerator: Selling Paramount Calls

Our previous calls on Paramount Global (PARA) expired out of the money on Friday. The company reports earnings on February 28, so there is a lot of premium in the March 01 calls. Side note: February has 29 days this year.

We have placed buy/write trades twice on PARA in recent weeks, so sell enough calls to cover all your shares.

Here is the trade:

·       Sell to Open: PARA Mar 01, $ 15.00 calls, currently priced at $ 0.51 bid/$ 0.55 ask

The spread will tighten as we make our trades, but with this pricing set your limit near the midpoint, $ 0.53.

This trade has a cash return of 3.91% in 31 days. If the calls expire in the money, the return from here is 14.7%.

Here is the buy/write trade:

January 26, 2024 - 2:19 pm

Let’s squeeze in one more trade before the weekend. Our KEY shares were called away recently, so let’s get back in.  We’re going out a big longer on this one to make sure we still hold shares when ex-divided hits on 2/26.  KEY doesn’t move too much outside earnings, so we’re going to stick to a near call for our short strike.

We’ll buy the shares and sell the 15 call expiring on March 1^st for around 44 cents and total net debit of around 14.24 for the buy-write. That’s a 3% return if flat and 5.2% if called away. Expiration is in 35 days.

Trade Details:

January 24, 2024 - 12:57 pm

Weekly Income Accelerator: Selling AngloGold Ashanti Calls

During today’s Weekly Income Accelerator, I recommended selling calls on our owned shares of AngloGold Ashanti (AU). Our previous short calls on AU expired out of the money on Friday.

Here is the trade:

·       Sell to Open: AU Feb 16 $ 18.00 calls, currently priced at $ 0.45 bid/$ 0.50 ask.

AU options trade in 5-cent increments so put your limit price at the $ 0.45 bid price.

This trade has a cash return of 2.59% in 23 days. The return from here if the calls expire in the money is 6.34%.

Here is the buy/write trade:

January 24, 2024 - 12:56 pm

In the live session today, we sold a call on PLTR. Details can be found below (the second screenshot is for doing the full buy-write if you don’t yet own the shares). We’re selling to open the February 9^th 19 calls for a credit of around 65 cents.

Expiration is in 16 days.  The return from premium 3.8%. If called away at 19, the total return will be 13.8%.

Trade Details:

January 23, 2024 - 12:21 pm

FSLY has moved up nicely the last couple days, so it’s a good time to cover our shares. If you aren’t yet in FSLY, this is an opportunity to enter via a full buy-write (second screenshot).

Earnings are on the 14^th, so we’ll sell a call that expires before then. Specifically, let’s sell the February 9^th 21.50 call for around 66 cents. Expiration is in 17 days.  The return from premium is 3.2%. If called away at 21.50, the total return will be 8.4%.

Trade Details:

January 17, 2024 - 1:17 pm

In the live session today, we sold a call on our DKNG shares (that we were assigned from the 34 put that expired last week). If you don’t yet own DKNG shares, you can use this opportunity to do a buy-write. Details for either scenario can be found below.

The return on cash from selling the call is 2.3%. Expiration is in 23 days. If called away at 37, the position will generate a return of 8.8% (based on today’s price).  

Trade Details:

January 17, 2024 - 12:59 pm

Weekly Income Accelerator: Selling American Airlines Calls

Our most recent short calls on American Airlines (AAL) expired out of the money on Friday.  During today’s live trading room I recommended a new short calls trade on our owned shares of AAL. Here is the trade:

·        Sell to Open: AAL Feb 23 $ 14.00 calls, currently priced at $ 0.34 bid/$ 0.36 ask.

With a 2-cent spread, set your limit at the midpoint, in this case $ 0.35.

The trade has a cash return of 2.69% in 37 days. The return from here if the calls expire in the money is 10.13%.

Buy/Write trade:

January 16, 2024 - 12:08 pm

Weekly Income Accelerator: New Buy-Write on Goodyear Tire & Rubber

Let’s start trading covered calls again with Goodyear Tire & Rubber (GT). Goodyear is expected to report Q4 earnings on February 8, so the February 9 options are very rich. Let’s take advantage of the speculators and sell some of those expensive calls. This trade is a new buy-write on GT. Here is the trade setup:

·        Buy GT in 100 share increments, one lot minimum. Current share price: $ 13.35

·        Sell to Open: GT Feb 09 $ 13.50 calls, priced at  $ 0.50 bid/$ 0.60 ask

The combination trade has a 10-cent spread, so set your initial limit at the midpoint, which with this pricing would be $ 12.80.

Check your trade to see if you get a fill. If you don’t within the first 10 minutes, re-check the pricing and adjust your limit price.

This trade has a cash return of 3.75% in 24 days. If the calls expire in the money the return will be 8.2%.

January 10, 2024 - 12:37 pm

Weekly Income Accelerator: New Macy’s Buy/Write Trade

Jay is OK and will be on the 48-hours call.

Today I recommended a new buy/write trade on Macy’s Inc (M). Here is the trade setup.

·        Buy M in 100 share increments, one lot minimum, currently priced at $ 19.09.

·        Sell to Open: M Feb 09 $ 20.50 calls, currently priced at $ 0.38 bid, $ 0.41 ask

The combination trade has a midpoint of $ 18.69. Set your initial limit price one cent above the midpoint, in this case, $ 18.70.

The trade has a cash return of 2.10% in 30 days. The return if the calls expire in the money will be 9.48%.

January 3, 2024 - 1:21 pm

During the live session today, we opened a buy-write on CLF (our shares were called away in December). We bought the shares and sold the February 2^nd 20.50 calls for a net debit around 18.95.

February 2^nd expiration is in 30 days. The return on cash from call premiums is 2%. If called way at 20.50, the total return will be 8%.

Trade Details:

January 3, 2024 - 1:16 pm

Weekly Income Accelerator: Selling Antero Resources Calls

In today’s live trading room I recommended selling calls against our owned shares of Antero Resources (AR). Here is the trade:

·        Sell to Open: AR Jan 26 $ 24.00 calls, currently priced at $ 0.59 bid/$ 0.63 ask.

Set your limit near the midpoint, which with these prices would be $ 0.61.

The trade has a cash return of 2.66% in 24 days. The return from here if the calls expire in the money is 7.33%.

Here is the buy/write trade:

January 3, 2024 - 1:06 pm

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

In today’s live trading room I recommended selling calls against our owned shares of Warner Brothers Discovery (WBD). Here is the trade:

·        Sell to Open: WBD Feb 2 $ 12.00 calls, currently priced at $ 0.36 bid/$ 0.39 ask.

Set your limit near the midpoint, which with these prices would be $ 0.37.

The trade has a cash return of 3.25% in 30 days. The return from here if the calls expire in the money is 8.51%.

Here is the buy/write trade:

January 2, 2024 - 10:25 am

Weekly Income Accelerator: Selling Paramount Global Calls

On Friday our short calls on Paramount Global (PARA) expired out of the money. Option premium on this stock remains very attractive. Let’s sell more calls against our owned PARA shares.

Here is the trade:

·        Sell to Open: PARA Jan 26 $ 15.00 calls, currently priced at $ 0.65 bid/$ 0.68 ask

Set your initial limit near the midpoint, which with this pricing would be $ 0.66.

This trade has a cash return of 4.58% in 24 days. If the calls expire in the money, the return from here would be 8.67%.

Here is the buy/write trade:

December 22, 2023 - 2:03 pm

Let’s squeeze in one more trade before the end of the year. We’re going to open up a buy-write in FSLY. Specifically, we’re buying FSLY shares and selling the January 19^th 20 calls for a net debit around 17.76.

Expiration is in 28 days.  The return from premium is 3.7%. If called away at 20, the total return will be 12.1%.

Trade Details:

December 20, 2023 - 1:15 pm

Weekly Income Accelerator: New American Airlines Buy/Write Trade

During todays live trading room, I recommended a new buy/write trade on American Airlines (AAL). Here is the trade setup:

·        Buy AAL shares in 100 share increments, one lot minimum, current share price: $ 14.34

·        Sell to Open: AAL Jan 12 $ 15.00 calls, priced at $ 0.30 bid/$ 0.32 ask

The combo trade has net pricing of $ 14.02 bid/$ 14.05 ask. Set your limit just above the midpoint, which with this pricing would be at $ 14.04.

This trade has a cash return of 2.09% in 24 days. If the calls expire in the money the return will be 6.69%.

December 20, 2023 - 1:14 pm

In the live session today, we opened up a brand new buy-write on PLTR. Details can be found below. We’re buying the shares and selling the January 19^th 19.5 calls for a net debit around 17.32.

Expiration is in 30 days.  The return from premium is 2.7%. If called away at 19.50, the total return will be 12.3%.

Trade Details:

December 19, 2023 - 11:01 am

Weekly Income Accelerator Trade: Selling AngloGold Ashanti Calls

We have uncovered shares of AngloGold Ashanti (AU) and the share price has jumped nicely higher today. This gives us an opportunity to sell calls with a strike price well above the $ 18.00 per share acquisition price using a cash-secured put trade.

Here is the trade setup:

·        Sell to Open: AU Jan 19 $ 20.00 calls, currently priced at $ 0.55 bid/ $ 0.60 ask.

AU options trade in 5-cent increments, so set your limit at the bid price, in this case $ 0.55.

This trade has a cash return of 2.89% in 31 days. The return from here if the calls expire in the money is 8.16%.

Here is the buy/write trade setup:

December 13, 2023 - 12:53 pm

In the live session today, we sold a put on DKNG. Specifically, we sold to open the DKNG January 12^th 34 put for around 66 cents. If you’ve never sold a cash secured put before, just make the order look like the one below. Also, you’ll need $ 3,400 in your account for every put you want to sell.

The return on cash from selling this put is 1.9%. Expiration is in 30 days. We don’t mind if it drops below 34 and we get assigned on the shares, because then we’ll just turn it into a covered call in January.

Trade Details:

December 13, 2023 - 12:49 pm

Weekly Income Accelerator: New Buy/Write on Paramount Global

During today’s Weekly Income Accelerator live session, I recommended an add-on buy/write to our current trade in Paramount Global (PARA). It seems that Paramount is in play for the mergers and acquisitions game. As a result, option premiums are very rich and I want to sell some of that premium for cash in our account. The short option is the same one I recommended on the first PARA trade two weeks ago.

Here is the trade setup:

·        Buy PARA in 100 share increments, one lot minimum. Current price $ 14.98

·        Sell to Open: PARA Dec 29 $ 15.00 calls, priced at $ 0.65 bid/$ 0.68 ask

Set your net limit price a penny above the combination trade midpoint, which currently is about $ 14.33.

This trade has a cash return of 4.33% in 14 days. If the calls expire in the money, the return will be about the same.

November 30, 2023 - 10:30 am

Weekly Income Accelerator: New Buy/Write on Paramount Global

Last Friday, our short calls on Goodyear Tire & Rubber (GT) expired in the money and our shares were called away. Currently, GT is not attractive for covered call trading, so I am bringing a new stock into the fold.

Paramount Global (PARA) has been on a nice run since the end of October. The company is profitable and pays a small dividend. Options prices are attractive for our strategy. Here is the trade setup:

·        Buy PARA in 100 share increments, one lot minimum. Current share price is $ 14.36

·        Sell to Open: PARA Dec 29 .00 calls, priced at $ 0.42 bid/$ 0.46 ask

The buy/write trade is priced at $ 13.90 bid/$ 13.95 ask. With this pricing, set your limit just above the midpoint at $ 13.93.

The spread should tighten as we send in our trades. To get a quick fill, you want to put your limit slightly higher than the combination trade midpoint.

The trade has a cash return of 3.06% in 29 days. The return will be 7.5% if the calls expire in the money.

November 29, 2023 - 12:54 pm

Weekly Income Accelerator: Selling Ford Calls

During today’s live trading room, I recommended selling calls against our owned shares of Ford Motor Company (F). Here is the trade setup:

·        Sell to Open: F Dec 29 $ 11.00 calls, currently priced at $ 0.19 bid/$ 0.21 ask

With a two-cent spread, set your limit at the midpoint. If you see a one-cent spread, use the bid price. With this pricing, your limit would be $ 0.20.

This trade has a cash return of 1.88% in 30 days. The return from here is the calls expire in the money is 5.36%.

Here is the buy-write trade setup:

November 29, 2023 - 12:52 pm

During the live session today, we sold the December 22^nd 17.50 call in CLF for around 34 cents. If you aren’t yet in the trade, you can use the second screenshot to place the full buy-write (for a net debit of around $ 16.46)

December 22^nd expiration is in 23 days. The return on cash from premium is 2%. If called way at 17.50, the total return will be 6.2%.

Trade Details:

November 22, 2023 - 1:18 pm

In the live session today we made two trades. We opened up a buy-write on KEY, which got called away last Friday. We are staying with 200 shares/2 short calls for KEY. We want to be sure to get in this week because ex-dividend is next Monday.

With Key, we bought the shares and sold the December 29^th 12.5 calls (around 25 cents) for a net debit of 11.75. Expiration is in 37 days. Return from the premium is 2.1%. If called away at 12, the return will be 6.3%.

Trade Details:

With SPWR, we are looking to get the shares called away and move on. Because of that, we’re not recommending a buy-write for those not in the position.

For those who own shares, we are selling the December 15^th 4.5 calls for around 20 cents. Expiration is in 30 days. Return from premium is 4.7%. Return if called away at 4.50 is 10.9%.

November 22, 2023 - 1:07 pm

Weekly Income Accelerator: Selling Antero Resources Calls

During today’s live trading room, I recommended selling calls against our owned shares of Antero Resources (AR). Here is the trade setup:

·        Sell to Open: AR Dec 29, $ 27.00 calls, currently priced at $ 0.44 bid/$ 0.45 ask

With a one-cent spread, use the bid price as your limit price.

This trade has a cash return of 1.77% in 37 days. The return from here if the calls expire in the money is 10.29%.

Here is the buy/write trade setup:

November 21, 2023 - 10:16 am

Weekly Income Accelerator: Selling AngloGold Ashanti Calls

Our short $ 18.00 puts on AngloGold Ashanti (AU) expired in the money on Friday and were exercised. The AU share price is popping higher today, so let’s now sell some calls backed by the shares we received from the put exercise.

Here is the trade setup:

·        Sell to Open: AU Dec 15 $ 18.00 calls priced a $ 0.55 bid/$ 0.60 ask

These options trade in 5-cent increments, so with a nickel spread, put your limit at the bid price. You will likely get filled at a dollar or two higher.

This trade has a cash return of 3.06% in 24 days.

Here is the buy/write trade setup:

November 20, 2023 - 11:14 am

Weekly Income Accelerator Trade: Selling Warner Brothers Calls

We have a short week and a lot of uncovered stock positions. Let’s get the week going by selling calls against our owned shares of Warner Brothers Discovery (WBD).

Here is the trade setup:

·        Sell to Open: WBD Dec 22, $ 11.50 calls, currently priced at $ 0.20 bid/$ 0.23 ask

With this pricing set your limit at $ 0.21.

This trade has a cash return of 1.98% in 32 days. The return from here will be 10.68% if the calls expire in the money.

Here is the buy/write trade setup:

November 15, 2023 - 1:17 pm

We made two trades today in the live session. In M, we sold a December 8^th 14.50 call for around 40 cents. If you are new, the buy-write (second screenshot) costs about $ 12.26 to get in to the trade.

Earnings are tomorrow for M. Expiration is in 23 days. Return if flat is about 3.2%, and if called at 4.50, the total return will be around 17.7%.

Trade Details:

We opened up a new buy-write on SPR. We bought shares and sold the December 15^th 28 call for a net debit around $ 25.03. Expiration is in 30 days. Return if flat is 2.3%, if called away it will return 11.6%.

November 8, 2023 - 1:14 pm

Trade Alert:

We made two trades today in the live session. We sold a December 8^th 33 put in DKNG for around 75 cents (it’s trading about 68 cents now). We also sold the December 15^th 13 call in AAL for around 26 cents. For AAL, the second screenshot shows the full buy-write if you don’t yet own the shares.

For DKNG, by selling to open the 33 put for 68 cents, we are collecting 2.1% in premium. There are 30 days to expiration. You need $ 3,300 in your account to make this cash secured put trade.

Trade Details:

For AAL, we are selling the December 15^th 13 call for 26 cents. That’s a return on premium of 2.1%. If called at $ 13, total return will be 9.1%. Expiration is in 37 days.

November 1, 2023 - 1:00 pm

Weekly Income Accelerator: Selling Goodyear Tire & Rubber Calls

During today’s Weekly Income Accelerator live trading room I recommended selling calls on the shares of Goodyear Tire & Rubber (GT) that we own. The last calls on GT expired last Friday.

Here is the trade setup:

• Sell to Open: GT Nov 24 $ 12.50 calls, currently priced at $ 0.30 bid/$ 0.40 ask.

With a ten-cent spread, put your limit price at the midpoint, in this case, $ 0.35. If the spread is 5-cents, use the bid price for your limit price.

This trade has a cash return of 3.32% in 24 days. If the calls expire in the money, the return from here would be 12.32%.

Here is the buy/write trade setup:

November 1, 2023 - 12:52 pm

Trade Alert:

On the live session today, we sold calls on KEY. Keep in mind, we have 200 shares of KEY since we made two trades back when we first got in, so we’ll sell 2 calls (assuming you still own 200 shares). If you aren’t in this trade, you can enter with a buy-write (second screenshot) – sticking to a 1-lot (100 shares/1 call) is fine if you’re new to the trade.

Sell the November 17^th 10.5 calls for around 20 cents.  For the buy-write, the net debit will be around $ 9.87. The return from selling the calls is 2.0%. If called away at $ 10.50, the total return will be 6.3%.  There are 17 days to expiration.

Trade Details:

October 31, 2023 - 9:49 am

Weekly Income Accelerator: Selling Cash Secured Puts on AngloGold Ashanti

On October 20, our last short calls on AngloGold Ashanti, Plc (AU) expired in the money and our shares were called away.

I like having precious metals exposure with at least one of our Weekly Income Accelerator trades.

Let’s use a cash-secured put trade to get back into an AU position. Here is the trade:

• Sell to Open: AU Nov 17 $ 18.00 calls, priced at $ 0.55 bid/$ 0.65 ask.

AU currently trades for $ 18.46. Set your limit at the midpoint with a 10-cent spread, or the bid, if the spread is down to 5-cents. At the current price your limit would be $ 0.60.

This trade has a cash return of 3.2% in 17 days. If the puts expire in the money, we will own AU shares with a net cost of 17.40 per share.

October 25, 2023 - 1:03 pm

Trade Alert:

During the live session today, we sold calls in both CRK and CLF.

In CRK we sold the November 17^th 13 call for around 20 cents. November expiration is in 24 days and earnings will be released next week. The cost of the full buy-write (second screenshot) is around $ 11.72.

The premium collected from the call is 1.7%. If called away at $ 13, the total return will be 10.7%.

In CLF, we sold the November 24^th 17 call for around 31 cents. November 24^th expiration is in 31 days. The cost of the full buy-write (second screenshot) is $ 15.34. Premium from the call is around 2% and if called away at $ 17, the total return will be 10.6%.

October 25, 2023 - 12:50 pm

Weekly Income Accelerator: New Buy-Write Trade on Antero Resources

On Friday our most recent short call on Antero Resources (AR) expired in the money and the options were exercised. Let’s get back into this stock with a new buy-write trade. Here is the trade setup:

• Buy AR in 100 share lots, one lot minimum, current price $ 27.95
• Sell to Open: AR Nov 17 $ 29.50 calls, priced at $ 0.68 bid/$ 0.71 ask

The combo trade is priced at $ 27.25-$ 27.29. Place your limit order just above the midpoint, with this pricing at $ 27.28.

The trade has a cash return of 2.41% in 23 days. The return from here if the calls expire in the money would be 7.86%.

October 18, 2023 - 1:18 pm

Trade Alert:

In the live session today we sold calls on our uncovered shares of SPWR.  With earnings coming out soon, we’re going to give the stock a little room to run higher. You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With SPWR at $ 5.76, let’s sell the November 17^th 7 call for $ 0.21.  For the full buy-write, the net debit will be around $ 5.55.  The return if flat is 3.7%. If called away at $ 7, our return is 25.2%. Expiration is in 30 days.

Trade Details:

October 18, 2023 - 12:50 pm

Weekly Income Accelerator: Selling Ford Calls

In today’s live trading room, I recommended selling calls on our owned shares of Ford Motor Company (F). Here is the trade setup:

• Sell to Open: F Nov 17, $ 13.00 calls, priced at $ 0.11 bid/$ 0.12 ask

With a one-cent spread, set your limit price at the bid price, in this case $ 0.11.

Ford reports earnings on October 27, and goes ex-dividend a $ 0.15 per share dividend on October 31. The higher strike price/lower than typical call premium gives us some upside for a positive earnings surprise and reduces the potential for an early exercise before the ex-dividend date.

Including the dividend, this trade has a cash return of 2.2% in 30 days. The return from here if the calls expire in the money is 12.09%.

Here is the buy/write trade setup:

October 17, 2023 - 12:26 pm

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

After Friday’s expirations, I (Tim) have two uncovered positions. Let’s get our shares of Warner Brothers Discovery (WBD) covered today. WBD reports earnings on November 8. This timing means that the November 10 options have some pretty rich premium.

Here is the trade:

• Sell to Open: WBD Nov 10, $ 12.00 calls, currently priced at $ 0.27 bid/$ 0.29 ask

Set your limit price at the midpoint, which in this case is $ 0.28.

This trade has a cash return of 2.55% in 24 days. If the calls expire in the money, the return from here would be 12.04%.

Here is the buy/write trade setup:

October 11, 2023 - 12:53 pm

Weekly Income Accelerator: Selling Macy’s Calls

During today’s Weekly Income Accelerator, I recommended selling calls on our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Nov 10 $ 11.50 calls, currently priced at $ 0.35 bid/$ 0.37 ask.

Set your limit at the $ 0.36 midpoint. If you don’t get a quick order fill, change your limit to the bid price.

This trade has a cash return of 3.28% in 30 days. If the calls expire in the money, the return from here would be 8.01%.

Here is the buy/write trade setup:

October 11, 2023 - 12:44 pm

Trade Alert:

We have DKNG shares uncovered from last Friday, so let’s sell more calls here.  You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With DKNG at $ 30.37, let’s sell the 33 call for $ 0.96.  For the full buy-write, the net debit will be around $ 29.41.  The return if flat is 3.2%. If called away at $ 33, our return is 11.8%. Expiration is in 23 days.

Trade Details:

October 4, 2023 - 1:08 pm

Trade Alert:

Our last CCJ short put expired for zero on Friday, and with the stock pulling back to more reasonable levels, were going to do a similar trade that expires in November. This period will include the next earnings results. If the stock is below the strike (34) at expiration, we’ll simply take ownership of the shares. (For those of you who still own the shares, it’s fine to continue selling calls at any higher strike.)

Let’s sell the November 3^rd 34 put for around $ 1.03. You’ll need $ 3,400 of cash in your account to make this trade (per 1-lot).  We are collecting about 3.0% premium by selling the put, which expires in 30 days.

Trade Details:

September 27, 2023 - 1:05 pm

Weekly Income Accelerator: Selling Goodyear Tire & Rubber Calls

Today during the live trading room, I recommended selling calls against our owned shares of Goodyear Tire & Rubber (GT). Here is the trade setup:

• Sell to Open: GT Oct 27 $ 13.00 calls, currently priced at $ 0.25 bid/$ 0.30 ask

GT calls trade in 5-cent increments, so place your limit at the $ 0.25 bid, or the bid you see on your trade screen.

This trade has a cash return of 2.06% in 30 days. The return from here if the calls expire in the money is 9.23%.

Here is the buy/write trade setup:

September 27, 2023 - 1:05 pm

Trade Alert:

In the live session today we sold calls on our uncovered shares of SPWR.  We’re going to be more aggressive about call (and possibly put) selling on the stock while we wait for it to recover.  You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With SPWR at $ 6.09, let’s sell the October 13^th 6.50 call for $ 0.21.  For the full buy-write, the net debit will be around $ 5.88.  The return if flat is 3.5%. If called away at $ 6.50, our return is 10.2%. Expiration is in 16 days.

Trade Details:

September 20, 2023 - 1:54 pm

Weekly Income Accelerator: Rolling out Ford Calls

We have $ 12.00 strike price calls on Ford Motor Company (F) that expire on Friday, 9/22. Ford trades for $ 12.53, so the calls are in the money. I don’t want the shares to be called away at $ 12.00, so I am recommending to roll out the calls. Here are the trades:

• Buy to Close: Sep 22, $ 12.00 calls
• Sell to Open: Oct 13, $ 13.00 calls

The trade has a net debit of about $ 0.38. This means you will pay $ 38.00 for each of the calls you are currently short and roll to the new calls.

You can enter the trade as a combination trade, doing both legs on one trade ticket, or you can place the trades separately, first buying in the $ 12.00 calls and then selling the $ 13.00 calls. Ford options trade with very tight spreads, so you will end up with the same results using either method to complete the rollout.

It’s fine if you have to do this trade Thursday morning.

Here is the screenshot of my trade when we did it during today’s live trading room.

September 20, 2023 - 1:07 pm

Trade Alert:

During our live session today, we sold calls on CLF. If you don’t already own CLF shares, this is a good time for a buy-write (second screenshot).

CLF is currently trading at $ 14.63 so we’ll sell the October 20^th 15.50 calls for a credit of around 36 cents. The full buy-write will cost about $ 14.27.  October 20^th expiration is in 30 days.  Holding until expiration will generate a return on cash of 2.5%.  At max gain (stock at $ 15.50 or above), the trade will produce gains of 8.4%.

Trade Details:

September 20, 2023 - 12:57 pm

Weekly Income Accelerator: Selling Antero Resources Calls

During today’s Weekly Income Accelerator live trading room I recommended selling calls against our owned shares of Antero Resources (AR). Here is the trade setup:

• Sell to Open: AR Oct 20 $ 27.00 calls, currently priced at $ 0.50 bid/$ 0.51 ask

With a one-cent spread, put your limit at the bid price, which with this pricing would be $ 0.50.

This trade has a cash return of 1.98% in 30 days. If the calls expire in the money, the return from here will be 7.50%.

Here is the buy/write trade setup:

September 19, 2023 - 11:34 am

Weekly Income Accelerator: Selling American Airlines Calls

We have uncovered shares of American Airlines (AAL), and I want to sell some calls against those shares. The share price turned down two months ago and will likely stay down until the company can work through higher energy prices and pilot wages. Eventually, those costs will end up in airline tickets.

If you have cash available, adding one or more lots of AAL would be a good trade to average your cost per share.

Here is the trade setup:

• Sell to Open: AAL Oct 27 $ 14.00 calls, currently priced at $ 0.32 bid/$ 0.34 ask

With the 2-cent spread, place your limit at the midpoint of $ 0.33.

With AAL at $ 13.22, this trade has a cash return of 2.5% in 38 days. If the calls expire in the money, the return from here would be 8.4%.

Here is the buy/write trade setup:

September 13, 2023 - 1:02 pm

Trade Alert:

On the live session today, we sold calls on KEY. Keep in mind, we have 200 shares of KEY since we made two trades back when we first got in, so we’ll sell 2 calls (assuming you still own 200 shares). If you aren’t in this trade, you can enter with a buy-write (second screenshot) – sticking to a 1-lot (100 shares/1 call) is fine if you’re new to the trade.

Sell the October 13^th 12 calls for around 25 cents.  For the buy-write, the net debit will be around $ 11.17. The return from selling the calls is 2.2%. If called away at $ 12.00, the total return will be 7.3%.  There are 30 days to expiration.

Trade Details:

September 13, 2023 - 12:49 pm

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

During today’s live trading room, I recommended selling calls against our owned shares of Warner Brothers Discovery (WBD). Here is the trade setup:

• Sell to Open: WBD Oct 13 $ 12.00 calls, currently priced at $ 0.27 bid/$ 0.29 ask

With this bid/ask spread, place your limit at the midpoint, which would be $ 0.28.

This trade has a cash return of 2.64% in 30 days. If the calls expire in the money, the return from here would be 8.27%.

Here is the buy/write trade setup:

September 7, 2023 - 11:37 am

Weekly Income Accelerator: Selling Ford Calls

We have uncovered shares of Ford Motor Company (F). The stock price has struggled as the company works through labor negotiations with the United Auto Workers. Until the situation resolves, I want to keep our Ford covered call trade short-term, and maximize the cash income from selling calls.

Here is the trade:

• Sell to Open: F Sep 22 $ 12.00 calls, currently priced at $ 0.27 bid/$ 0.28 ask.

With a one-cent spread, set your limit at the bid price, in this case, $ 0.27.  Ford shares trade for $ 11.93.

The trade has a cash return of 2.26% in 15 days. The return will be 2.85% if the calls expire in the money.

If you don’t own Ford shares, I don’t recommend starting now with a buy/write trade.

September 6, 2023 - 1:03 pm

Trade Alert:

We have DKNG shares uncovered from last Friday, so let’s sell more calls here.  You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With DKNG at $ 29.95, let’s sell the 32 call for $ 0.81.  For the full buy-write, the net debit will be around $ 29.14.  The return if flat is 2.7%. If called away at $ 32, our return is 9.6%. Expiration is in 30 days.

Trade Details:

September 6, 2023 - 1:00 pm

Weekly Income Accelerator: Selling AngloGold Ashanti Calls

During this week’s live trading room, I recommended selling calls on the shares of AngloGold Ashanti (AU) that we currently own. Here is the trade:

• Sell to Open: AU Oct 20 $ 18.00 calls, priced at $ 0.35 bid/$ 0.40 ask.

These options trade in 5-cent increments, so set your limit price at the $ 0.35 bid.

This trade has a cash return of 2.1% in 44 days. If the calls expire in the money, the return from here will be 9.88%.

Here is the buy/write trade setup:

August 30, 2023 - 1:16 pm

Trade Alert:

During the live session today, we sold the October 13 calls in CRK for around 40 cents. October expiration is still 51 days out, but CRK only has monthly expirations (and we can always roll up the strike if the stock continues to rally).  The cost of the full buy-write (second screenshot) is around $ 11.75.

The premium collected from the call is 3.3%. If called away at $ 13, the total return will be 10.3%.

Trade Details:

August 30, 2023 - 12:51 pm

Weekly Income Accelerator: Selling Macy’s Calls

During today’s live trading room, I recommended selling calls to cover our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Oct 6, $ 13.50 calls, priced at $ 0.22 bid/$ 0.24 ask

Set your limit at the midpoint, in this case, $ 0.23. If you see a one-cent spread, use the bid price.

Macy’s goes ex-dividend for a $CONTENT.165 payout on September 14.

Including the dividend, this trade has a 3.2% cash return in 37 days. If the calls expire in the money, the return from here would be 11.2%.

Here is the buy/write trade setup:

August 23, 2023 - 1:08 pm

Trade Alert:

CCJ got called away at 34.50, and the share price is up above 36 now. I feel like some mean reversion is likely, so rather than getting back in with a buy-write, we’re going to sell a cash secured put this time around.  (For those of you who still own the shares, it’s fine to continue selling calls at any higher strike.)

Let’s sell the September 29^th 34 put for around 69 cents. You’ll need $ 3,400 of cash in your account to make this trade.  We are collecting about 1.9% premium by selling the put, which expires in 37 days.

Trade Details:

August 23, 2023 - 12:51 pm

Weekly Income Accelerator: Selling Goodyear Tire & Rubber Calls

During today’s Weekly Income Accelerator live trading room, I recommended selling calls on our already owned shares of Goodyear Tire & Rubber (GT).

Here is the trade:

• Sell to Open: GT Sep 22 $ 14.00 calls, priced at $ 0.20 bid/$ 0.25 ask.

With the GT options you must put your limit prices at 5-cent increments. In this case, use the bid of $ 0.20. If you see lower pricing, using the bid should get you filled at a higher price by a few cents.

This trade has a cash return of 1.55% in 30 days. If the calls expire in the money, the return from here would be 9.74%.

August 16, 2023 - 12:50 pm

Trade Alert:

During our live session today, we sold calls on CLF. If you don’t already own CLF shares, this is a good time for a buy-write (second screenshot).

CLF is currently trading at $ 15.27 so we’ll sell the September 15^th 16 calls for a credit of around 53 cents. The full buy-write will cost about $ 14.74.  September 15^th expiration is in 30 days.  Holding until expiration will generate a return on cash of 3.5%.  At max gain (stock at $ 16 or above), the trade will produce gains of 8.3%.

Trade Details:

August 14, 2023 - 10:23 am

Weekly Income Accelerator: New Buy/Write on Antero Resources

On Friday, our most recent short calls on Antero Resources (AR) expired in the money and the shares were called away. The share price of this natural gas producer is on a three-month plus uptrend, and call premiums are very attractive.

Here is the trade setup:

• Buy shares of AR in 100 share lots, one lot minimum, current share price $ 27.70
• Sell to Open: AR Sep 15, $ 29.00 calls, priced at $ 0.94 bid/$ 0.96 ask

Set your limit at the midpoint of the combination trade, which as I write this would be $ 26.74.

This trade has a cash return of 3.59% in 32 days. If the calls expire in the money, the return from here will be 8.41%.

August 10, 2023 - 11:02 am

Weekly Income Accelerator: Selling Ford Calls

The option premium levels on Ford Motor Company (F) have dried up. I cannot find attractive combinations of premium with out of-the-money calls. At this time, I want to treat our Ford shares like an ATM and earn short-term cash with closer to at-the-money calls.

When the Ford share price again turns up, we will start looking to add in some capital gains. Here is the trade for today.

• Sell to Open: F Sep 1 $ 12.50 calls, priced at $ 0.37 bid/$ 0.39 ask

Ford currently trades within a few cents of $ 12.50. Set your limit price at the midpoint, which with this pricing would be $ 0.38.

This trade has a cash return of 3.0% in 22 days.

August 9, 2023 - 1:07 pm

Trade Alert:

Our SPWR shares are uncovered and premiums are still rich despite the stock selling off after earnings. Let’s sell a call here.  You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With SPWR at $ 8.50, let’s sell the September 8^th 9.50 call for $ 0.28.  For the full buy-write, the net debit will be around $ 8.22.  The return if flat is 3.3%. If called away at $ 9.50, our return is 15.1%. Expiration is in 30 days.

Trade Details:

August 9, 2023 - 12:59 pm

Weekly Income Accelerator: Selling Macy’s Calls

During today’s live Weekly Income Accelerator live trading room, I recommended selling calls against our currently owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Aug 26 $ 17.00 calls, currently priced at $ 0.45 bid/$ 0.47 ask

Set your limit at the midpoint with a 2-cent spread, or use the bid if the spread is one-cent.

This trade has a cash return of 2.92% in 16 days. If the calls expire in the money, the return from here would be 11.18%.

August 8, 2023 - 11:31 am

Trade Alert:

We have DKNG shares uncovered and the stock is up despite the market being down today. Let’s go ahead and sell calls here and collect some robust premiums.  You can use this opportunity to enter the trade if you don’t yet own the shares (the second screenshot is for the buy-write).

With DKNG at $ 32.21, let’s sell the September 1st 34 call for $ 1.03.  For the full buy-write, the net debit will be around $ 31.18.  The return if flat is 3.2%. If called away at $ 34, our return is 8.8%. Expiration is in 25 days.

Trade Details:

August 8, 2023 - 10:36 am

Weekly Income Accelerator: New Buy-Write on Warner Brothers Discovery

On Friday, our short-term (4 day) trade on Warner Brothers Discovery (WBD) expired in the money and our shares were called away. The trade produced a 6.7% return in less than a week.

WBD still looks attractive for covered call trades. Let’s get back in with a new buy/write trade. Here is the trade setup:

• Buy WBD in 100 share lots, one lot minimum. Current share price: $ 14.07
• Sell to Open: WBD Sep 8, $ 15.00 calls, priced at $ 0.45 bid/$ 0.48 ask

The combination trade has a midpoint of $ 13.60. Set your limit a penny above the midpoint, at $ 13.61.

This trade has a cash return of 3.38% in 31 days. If the calls expire in the money, the return will be 10.13%.

August 2, 2023 - 1:17 pm

Trade Alert:

On the live session today, we placed a new KEY Buy-Write. Keep in mind, we had a 2-lot of KEY when it was called away (for those who were in that trade), so our plan is to get back in with another 2 contracts/200 shares. The stock also goes ex-dividend on 8/28, so that will add another 20 cents on to the return.

Let’s buy shares of KEY for around 11.80 and sell the September 1^st 12.50 calls for a net debit of around 11.50. The return from selling the calls is 2.5%. If called away at $ 12.50, the total return will be 8.5%.  There are 30 days to expiration.

Trade Details:

August 2, 2023 - 1:03 pm

Weekly Income Accelerator: Selling AAL Calls

During today’s live trading room, I recommended selling calls to cover our owned shares of American Airlines (AAL). Here is the trade:

• Sell to Open: AAL Sep 1, $ 16.50 calls, currently priced at $ 0.43 bid/$ 0.45 ask

Set your limit at the midpoint, which in this case would be $ 0.44. Check the current pricing when you place the trade.

Here is the buy/write trade setup:

With the share price at .98, this trade has a cash return of 2.75% in 30 days. If the calls expire in the money, the return from here will be 5.88%.

July 31, 2023 - 10:27 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Our last short calls on Warner Brothers Discovery (WBD) expired out of the money on Friday. The company reports earnings on Thursday, which has the Friday call premiums nicely elevated. As a result, I want to do a short-term trade to cover our owned shares of WBD. Here is the trade:

• Sell to Open: WBD Aug 4 $ 13.50 calls, currently priced at $ 0.44 bid/$ 0.46 ask.

With the tight spread, set your limit at the bid to ensure you get a quick fill.

With WBD at $ 13.06 this trade has a cash return of 3.36% in four days. If the calls expire in the money the return from here will be 6.7%.

July 28, 2023 - 1:28 pm

Trade Alert:

I’ve been debating on what to do with CCJ and finally decided we’ll sell a short-term call. I think that since this is a profitable trade, we can be aggressive with the premium collection (with earnings next week). What’s more, the stock has been a nice run, so mean reversion after earnings seems like a plausible scenario.

With the stock at $ 33.83, we’re going to sell the August 11^th 34.50 strike. We’re looking to collect a credit of around 87 cents. If you’re not yet in the trade, you can do the full buy-write (second screenshot) for a net debit of around $ 32.96.

There are just 14 days to expiration.  The return if flat is 2.6%. If called away at $ 34.50, our return is 4.6%. If you made the previous CCJ trade, the cost basis is now $ 29.83.

Trade Details:

July 27, 2023 - 10:38 am

Weekly Income Accelerator: New Buy/Write Trade for Goodyear Tire

Last Friday our most recent covered call on Goodyear Tire & Rubber (GT) expired in the money and our shares were called away. The stock remains attractive for the covered call strategy. Here is the setup for a new buy/write on GT.

• Buy GT in 100 share increments, one lot minimum, current price $ 16.38
• Sell to Open: GT Aug 18, $ 16.50 calls, currently priced at $ 0.85 bid/$ 1.00 ask

GT will report Q2 earnings on August 2. I want to keep the strike price close and go for maximum option premium. The combination trade has a midpoint of $ 15.46. The bid/ask spread is $ 0.15, so you need to check the midpoint and place your initial limit price at 2-3 cents above the midpoint.

Prices are jumping around, so check your order status and be ready to adjust your limit price.

This trade has a cash 6.0% in 22 days. The return will be 6.8% of the calls expire in the money.

July 26, 2023 - 1:15 pm

Trade Alert:

During the live session today, we bought the CRK buy-write, buying shares and selling the August 18^th 13 calls (around 35 cents).  The total buy-write cost is around $ 11.89.

There are 23 days to expiration. The premium collected from the call is 2.9%. If called away at $ 13, the total return will be 8.9%.

Trade Details:

July 26, 2023 - 1:01 pm

Weekly Income Accelerator

During today’s live trading room, we recommended selling calls on our uncovered shares of AngloGold Ashanti, Ltd. (AU). Here is the trade setup:

• Sell to Open: AU Aug 18, $ 24.00 calls, priced at $ 0.35 bid/$ 0.40 ask

These calls trade in 5-cent increments, so set your limit at the bid price of $ 0.35.

The trade as a cash return of 1.56% in 23 days. If the calls expire in the money the return from here is 8.8%.

Here is the buy/write trade setup:

July 21, 2023 - 12:29 pm

Weekly Income Accelerator

We have four short call positions expiring today. GT, CRK and KEY calls will expire in the money, and the shares will get called away. I expect we will get back into these stocks next week with new buy/write trades.

The AU calls will expire out of the money.

We will have plenty of new trades to make next week!

July 19, 2023 - 12:59 pm

Weekly Income Accelerator: Two New Buy/Write Trades

During today’s live Weekly Income Accelerator trading session we initiated two new trades.

The first was on SunPower Corporation (SPWR). Here is the trade setup:

• Buy SPWR in 100 share lots, one lot minimum. Current share price $ 11.42
• Sell to Open: SPWR Aug 4, $ 13.00 calls, priced at $ 0.36 bid/$ 0.39 ask

The combination trade has a midpoint of $ 11.06. Set your initial limit at a penny above the midpoint, in this case, $ 11.07.

The trade has a cash return of 3.34% in 16 days. The return will be 17.4% if the calls expire in the money.

The second trade was a new buy/write on Ford Motor Company (F). This will be an add-on trade to our current open covered call with Ford. Here is the trade setup:

• Buy F shares in 100 share lots, one lot minimum. Currently price at $ 14.10
• Sell to Open: F Jul 28, $ 14.50 calls, price at $ 0.20 bid/$ 0.21 ask

With this pricing set your limit at $ 13.90.

Ford goes ex-dividend for $ 0.15 dividend on July 24, with the dividend this trade has a cash return of 2.52% in 9 days. If the calls expire in the money the return will be 5.4%.

With this trade we will have both the $ 14.50 and $ 15.50 calls expiring on July 28.

July 13, 2023 - 10:56 am

Weekly Income Accelerator: Selling Antero Resources Calls

Antero Resources (AR) has climbed nicely this week, after having our last short calls expire out of the money on Friday. Option premium on AR is very attractive. Here is the trade to sell more calls against our owned shares of AR:

• Sell to Open: AR Aug 11, $ 25.50 calls, currently priced at $ 0.80 bid/$ 0.87 ask

Set your limit price at the midpoint or just above. With this pricing that would be $ 0.84. The spread will quickly tighten as we begin to make trades.

With AR at $ 24.20, this trade as a cash return of 3.5%. If the calls expire in the money, the return from here is 9.06%.

Here is the buy/write trade setup:

July 12, 2023 - 1:15 pm

Trade Alert:

We have DKNG shares uncovered, which has worked out quite well since the stock has been running higher. Let’s go ahead and sell calls here and collect some hefty premiums.  You can use this opportunity to enter the trade if you don’t yet own the shares – the second screenshot is for the buy-write

With DKNG at $ 30.48, let’s sell the 33 call for $ 1.12.  For the full buy-write, the net debit will be around $ 29.36.  The return if flat is 3.7%. If called away at $ 33, our return is 11.9%. Expiration is in 23 days.

Trade Details:

July 11, 2023 - 11:26 am

Weekly Income Accelerator: Rolling Out Our Ford Calls

We have $ 14.50 calls on Ford Motor Company (F) expiring Friday. Ford trades at $ 15.12, so the calls are well in the money. The calls have about 3 cents of time premium.

I want to roll out the calls to grab the time premium on July 28 calls. Ford reports earnings on July 27, which gives us some pumped up premium values. Here is the trade setup:

• Buy to Close: F Jul 14, $ 14.50 calls, priced at $ 0.63 bid/$ 0.66 ask
• Sell to Open: F Jul 28, $ 15.50 calls, priced at $ 0.32 bid/$ 0.33 ask

The combination trade has a midpoint debit of $ 0.32. Set your initial limit at $ 0.33.

With this trade we are paying $ 0.33 for a $ 1.00 increase in strike price at a cost of two weeks of time until expiration.

July 7, 2023 - 1:52 pm

Trade Alert:

Our CLF shares were called away last week, so let’s get back in with a fresh buy-write. Earnings are coming up in two weeks, but there doesn’t seem to be a significant premium bump in short-term options. As such, we’re go out about a month to the August 4^th expiration.

CLF is currently trading at $ 16.42 so we’ll sell the August 4^th 17.50 calls for a credit of around 44 cents. The full buy-write will cost about $ 15.98.  August 4^th expiration is in 29 days.  Holding until expiration will generate a return on cash of 2.7%.  At max gain (stock at $ 17.50 or above), the trade will produce gains of 9.3%.

Trade Details:

July 6, 2023 - 10:03 am

Weekly Income Accelerator: New American Airlines Buy/Write

Our last covered call trade on American Airlines (AAL) expired in the money last Friday for a max gain buy/write trade.

AAL reports earnings on July 19. I have started looking for short term trades around earnings to take advantage of the attractive option premiums that come along with traders trying to guess what will happen to the stock price when earnings come out. With these situations, I like to focus on getting as much premium income as possible.

For this trade, we will do a buy/write trade on AAL selling the three-week near the money calls. The premiums give us a 4% cash return. I’ll take that! Here is the trade setup:

• Buy shares of AAL in 100 share lots, one lot minimum. The shares are currently priced at $ 17.87.
• Sell to Open: AAL July 28, $ 18.00 calls, priced at $ 0.64 bid/$ 0.68 ask.

The combination buy/write trade has a midpoint price of $ 17.21, and a natural ask of $ 17.23. Split the difference and place your limit price at $ 17.22.

The trade has a cash return of 3.8% in 22 days. The return will be 4.6% if the calls expire in the money.

July 5, 2023 - 1:05 pm

Trade Alert:

Our KEY calls (we have 2) are uncovered, so let’s sell more here. If you aren’t in the position at all, you can use the second screenshot for the full buy-write (total cost around $ 9.29).

With earnings coming up, we are going out just 17 days on these calls. Let’s sell the July 21^st 10 calls for 25 cents. The return from selling the calls is 2.6%. If called away at $ 10, the total return will be 7.4%.  If you’ve made all the previous KEY trades, your cost basis should be under $ 13 after this trade.

Trade Details:

July 5, 2023 - 12:55 pm

Weekly Income Accelerator: Selling Macy’s Calls

On today’s live trading room session, we sold calls on our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Aug 4, $ 17.00 calls, currently priced at $ 0.49 bid/$ 0.50 ask.

With a one-cent bid ask spread, put your limit order in at the bid price.

This trade has a cash return of 3.0% in 30 days. The return from here if the calls expire in the money is 7.12%.

Here is the buy/write trade setup:

June 30, 2023 - 12:29 pm

Trade Alert:

We are going to move on from AG (at least for the time being). As such, we’ll sell a 2-week at-the-money call with the expectation that it gets our shares called away.  If you’re not in AG, you don’t have to make this trade since we’re trying to exit the position.

AG is currently trading at $ 5.53, so we’ll sell the July 14^th 5.5 calls for a credit around 18 cents.

July 14^th expiration is in 15 days.  Holding until expiration will return 3.3%, which is also the max gain on the trade.

Trade Details:

June 29, 2023 - 2:47 pm

Hey everyone,

I strongly recommend checking out the webinar I’m hosting tomorrow with Cem Karsan concerning 0DTE options. Cem is a leading voice in the options industry and you won’t want to miss what he has to say.  The link to register for the webinar is below (and don’t worry if you can’t make it, you’ll get a replay link).

https://us02web.zoom.us/webinar/register/WN_xXRPOv2GTein4x_W0YvLGQ#/registration

June 28, 2023 - 4:03 pm

Weekly Income Accelerator Live Trading Room Trades

Two new trades again this week:

The first trade is to sell calls against our uncovered shares of Warner Brothers Discovery (WBD). Here is the trade:

• WBD Jul 28, $ 13.00 Calls, currently priced at $ 0.35 bid/$ 0.37 ask.

Set your limit at the midpoint, which in this case $ 0.36. WBD is trading for $ 12.20.

This trade as a cash return of 2.95% in 30 days. The return from here if the calls expire in the money is 9.5%.

If you don’t currently own any WBD shares, it’s OK to get started with a buy/write trade.

For the second trade we got back into Ford Motor Company (F) with a new buy/write trade. Our last Ford trade had the shares called away about two weeks ago. This is a short-term trade to set us up for potentially attractive options around Ford’s earnings release at the end of July. Here is the trade setup:

• Buy Ford shares in 100 share lots, one lot minimum. Current share price: $ 14.50.
• Sell to Open: F July 14 $ 14.50 calls, currently priced at $ 0.35 bid/$ 0.37 ask.

The buy/write combination trade is priced at $ 14.13 bid/$ 14.16 ask. A limit of $ 14.15 should be quickly filled.

Whether exercised or not, this trade has a return of 2.5% in 16 days.

June 21, 2023 - 12:58 pm

Weekly Income Accelerator: Two New Trades

On today’s Weekly Income Accelerator live trading room, I recommended two new trades. Both trades are included here.

First, we sold calls to cover our owned shares of AngloGold Ashanti Ltd. (AU).

• Sell to Open: AU Jul 21 $ 24.00 calls, currently priced at $ 0.45 bid/$ 0.50 ask

With the 5-cent spread, set your limit at the bid price of $ 0.45. During the trading room subscribers were filled at $ 0.47 to $ 0.49.

This trade has a cash return of 2.0% in 30 days. The return from here is 6.5% if the calls expire in the money.

Our second trade was a new buy/write on Goodyear Tire & Rubber (GT). Here is the trade setup:

• Buy GT in 100 share lots, one lot minimum. Current share price: $ 13.49
• Sell to Open: GT Jul 21 $ 14.00 calls, price at $ 0.45 bid/$ 0.60 ask.

The Buy/Write had a very wide bid ask of $ 12.88/$ 13.04, with the midpoint at $ 12.96. Set your initial limit at the midpoint, but be ready to adjust your limit price. This trade may work out easier if you leg in by buying the shares first and then selling the calls.

The trade has a cash return of 3.8% in 30 days. The return will be 7.7% if the calls expire in the money.

June 14, 2023 - 1:07 pm

Double Trade Alert:

We have two trades to make today. We’re going to open a buy-write on CCJ and cover our DKNG shares. For both positions, you can use this opportunity to enter the trades if you don’t yet own the shares or had your shares called away (for DKNG, the second screenshot is for the buy-write).

For CCJ, our shares were called away last Friday so we’re buying the stock at $ 31.47 and selling the 33 call for 77 cents for a net debit around $ 30.70.  The return if flat is 2.5%. If called away at $ 33, our return is 7.3%. Expiration is in 30 days.

Trade Details:

For DKNG, we are selling the July 7^th 27 calls for 73 cents. Expiration is in 23 days. The return if flat is 2.8%, and 7.8% is the total return if called away at $ 27. The cost of the full buy-write is $ 24.99.

Trade Details:

June 9, 2023 - 1:48 pm

Trade Alert:

We have both of our KEY calls expiring today and they are slightly in the money. The stock is close enough to the share price that it makes sense to roll out our calls to a later date.

With a roll trade, you can do it as separate transactions (buy to close the June 9^th 10.50 call and then sell to open the June 30^th 11 call) or as one transaction as seen below.  If you follow the screenshot and do the trade as one transaction, you should get a credit of around 15 to 20 cents.

If you aren’t in the position at all, you can use the second screenshot for the full buy-write (total cost of around $ 10.31).  There are 21 days to expiration. The premium collected from the call is 1.4% for the rollout and 3.7% for the full buy-write. If called away at $ 11, the total return will be 4.1% for the rollout and 6.5% for the full buy-write.

Trade Details:

June 7, 2023 - 1:18 pm

Trade Alert:

During the live session today, we sold the July 21^st 11 call on CRK for around 40 cents. If you aren’t in the position at all, you can use the second screenshot for the full buy-write (total cost of around $ 9.88).

There are 44 days to expiration. The premium collected from the call is 3.9%. If called away at $ 11, the total return will be 10.9%.

Trade Details:

June 7, 2023 - 12:52 pm

Weekly Income Accelerator Trade, Selling Macy’s Calls

My Weekly Income Accelerator live trading room trade was to sell calls to cover our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Jun 30 $ 17.00 calls, currently priced at $ 0.34 bid/$ 0.35 ask

With the one-cent spread, put your limit at the bid price.

This trade has a cash return of 2.1% in 23 days. The return from here if the calls expire in the money is 7.6%.

Note: M goes ex-dividend on June 14 for a $ 0.165 dividend. Not included above, the dividend adds another one-percent to our returns.

I don’t have the graphic, but if you don’t own Macy’s, its OK to open with a buy/write trade.

June 6, 2023 - 10:26 am

Weekly Income Accelerator: Selling Antero Resources Calls

On Friday, our last short calls on Antero Resources (AR) expired out-of-the money. Let’s sell some more calls on our AR shares. Here is the trade:

• Sell to Open: AR July 7, $ 23.00 calls, currently priced at $ 0.49 bid/$ 0.58 ask.

AR is currently priced at .28. As I write this, the bid/ask spread on the calls is very wide, with a midpoint of $ 0.535. It will quickly narrow as we send in trades. Set your limit at the midpoint or one cent below the midpoint. With the pricing shown here, I would start at $ 0.53, and if the trade is not filled in 10-15 minutes, recheck pricing and adjust your limit price.

This trade has a 2.55% cash return in 31 days. The return from here if the calls expire in the money is 10.84%.

Here is the buy/write trade setup:

June 1, 2023 - 2:41 pm

Trade Alert:

CLF calls expired last Friday and the stock is up today, so let’s sell some more calls. You can also use this opportunity to enter the full buy-write if you aren’t yet in the trade (second screenshot).

CLF is currently trading at $ 14.10, so we’ll sell the June 30^th 15 calls for a credit around 41 cents. The full buy-write will cost about $ 13.69.  The position cost basis is about $ 18.57 if you’ve made the previous CLF trades. June 30^th expiration is in 30 days.  Holding until expiration will generate a return on cash of 2.9%.  At max gain (stock at $ 15 or above), the trade will produce gains of 9.3%.

Trade Details:

May 31, 2023 - 12:57 pm

Weekly Income Accelerator trade: Buy/Write on American Airlines

During today’s live trading room we initiated a new buy/write trade on American Airlines (AAL). Here is the trade setup:

• Buy AAL in 100 share increments, one lot minimum. Current price: $ 14.61
• Sell to Open: AAL Jun 30 $ 15.50 calls, priced at $ 0.32 bid/$ 0.34 ask.

The combination trade midpoint with this pricing is $ 14.275, with a natural ask of $ 14.30. A limit price of $ 14.28 will get filled.

This trade has a cash return of 2.17% in 30 days. If the calls expire in the money the total return will be 8.54%.

May 24, 2023 - 1:01 pm

Weekly Income Accelerator: New Buy/Write on Anglo Gold Ashanti

Our last short calls on Barrick Gold (GOLD) expired in the money on March 31. Since then the price of gold peaked and turned down. It looks like gold ready to stabilize, so it’s a good time to place another buy/write trade.

This time we will use Anglogold Ashanti Ltd (AU), a $ 10 billion market cap gold mining company.

Here is the trade setup:

• Buy AU in 100 share increments, one lot minimum. Current price: $ 23.86
• Sell to Open: AU Jun 16, $ 25.00 calls priced at $ 0.50 bid/$ 0.60 ask

The combination trade has a midpoint price of $ 23.29. Set your limit a penny or two above the midpoint. With this pricing, I would start at $ 23.31 and adjust if the trade is not quickly filled.

The trade has a 2.15% cash return in 23 days. If the calls expire in the money the return will be 7.30%.

May 18, 2023 - 1:12 pm

Weekly Income Accelerator: Selling Warner Brothers Calls

Our latest short calls on Warner Brothers Discovery (WBD) expired out of the money last Friday. Let’s sell more calls against the shares we own. Here is the trade setup:

• Sell to Open: WBD Jun 23, $ 13.50 calls, currently priced at $ 0.25 bid/$ 0.29 ask

A limit order at the midpoint of $ 0.27 should get filled. The spread will quickly tighten as we place trades.

With WBD at $ 12.24, this trade as a cash return of 2.21%. The return from here would be 12.5% if the calls expire in the money.

Here is the buy/write trade setup:

May 18, 2023 - 1:04 pm

Trade Alert:

Well, I said I wanted to add something new and different into our portfolio… and I wasn’t kidding. DKNG just posted much better than expected earnings, so the positive vibes should be in place for a while.

DKNG is currently trading at $ 24.04, so we’ll buy the shares and sell to open the June 9th 25 calls for a net debit of around $ 23.26. (We’re selling the 25 call for around 78 cents.)

June 9^th expiration is in 23 days.  Holding until expiration will return 3.2%.  At max gain (stock at $ 25 or above) the trade will produce gains of 7.2%.

Trade Details:

May 17, 2023 - 1:05 pm

Trade Alert:

KeyCorp (KEY) shares are uncovered, but the stock has climbed back above $ 10. Let’s use this opportunity to sell more calls. Keep in mind, we had two trades expire, so we have 200 shares of KEY (at a minimum). As such, I am selling 2 calls. If you are entering this trade for the first time as a buy-write (second screenshot), you can get in with just 100 shares and a 1 lot.

We are selling the June 9^th 10.50 calls for a credit around 30 cents. For the buy-write, the net debit for the trade should be around $ 9.74.  Holding until expiration will return 3.0%.  At max gain (stock at $ 10.50 or above) the trade will produce gains of 7.6%.

Trade Details:

May 17, 2023 - 1:03 pm

Weekly Income Accelerator: Selling Macy’s Calls

During today’s live trading room, I recommended selling calls against our owned shares of Macy’s Inc. (M). Here is the trade:

• Sell to Open: M Jun 2, $ 17.50 calls, currently priced at $ 0.34 bid/$ 0.36 ask.

You should get a fill if you put your limit at the midpoint, in this case $ 0.35

With the stock at $ 15.42, this trade has a cash return of 2.27% in 16 days. If the calls expire in the money, the return from here is 15.76%.

Here is the buy/write trade setup:

May 12, 2023 - 1:28 pm

Weekly Income Accelerator: Expiring Short Call Positions

Our calls on GT and UBER have good deep in the money and we will let the options expire and have the shares called away.

Short calls on WBD and M will expire out of the money. There is nothing do with these either.

Bottom line: Let all the expiring short calls do so today.

May 12, 2023 - 11:07 am

Weekly Income Accelerator: Selling Ford Calls

We haven’t put out a trade this week, and we have a handful of calls expiring today, so I want us to get a cover on our shares of Ford Motor Company (F). I am using the odd strike prices left over from when the company declared a large supplemental dividend. Here is the trade setup:

• Sell to Open: F Jun 16, $ 12.35 calls, currently priced at $ 0.27 bid/$ 0.28 ask.

With a one-cent spread, place your limit at the bid, in this case  $ 0.27.

The trade has a cash return of 2.34% in 35 days. The return from here if the calls expire in the money is 7.29%.

Buy/Write trade setup:

May 5, 2023 - 1:20 pm

Trade Alert:

Our CCJ shares got called away last Friday, so let’s get back in with a buy-write. Premium are down a little bit after earnings, so we’re going to be a little more aggressive than usual and sell the 28 call.

CCJ is currently trading at $ 27.42, so we’ll buy the shares and sell to open the June 2^nd 28 calls for a net debit of around $ 26.64. (We’re selling the 28 call for around 78 cents.)

June 2^nd expiration is in 29 days.  Holding until expiration will return 2.8%.  At max gain (stock at $ 28 or above) the trade will produce gains of 5.0%.

Trade Details:

May 3, 2023 - 1:51 pm

Trade Alert:

With our AG shares uncovered and earnings coming up in a day, we’re going to sell more calls here to take advantage of the higher premiums.  You can also use this opportunity to enter the trade via buy-write (second screenshot) if you don’t own the shares yet.

AG is currently trading at $ 6.95, so we’ll sell the June 2^nd 7.5 calls for a credit around 24 cents. The full buy-write will cost about $ 6.71.  The position cost basis is about $ 9.97 if you’ve made all the previous trades.

June 2^nd expiration is in 30 days.  Holding until expiration will return 3.5%.  At max gain (stock at $ 7.50 or above) the trade will produce gains of 11.4%.

Trade Details:

May 3, 2023 - 1:15 pm

Weekly Income Accelerator: Selling Antero Resources Calls

During the Weekly Income Accelerator live trading room, I recommended a short call trade on our owned shares of Antero Resources (AR). Here is the trade:

• Sell to Open: AR Jun 2, $ 22.50 calls, currently priced at $ 0.56 bid/ $ 0.61 ask.

With this fairly wide spread, set your limit at one-cent above the bid price, which with this pricing would be $ 0.57.  AR trades at $ 20.97.

This trade has a cash return of 2.71% in 30 days. The return from here will be 9.9% if the calls expire in the money.

Here is the buy/write trade setup:

April 27, 2023 - 2:30 pm

Trade Alert:

Well, selling the BIG 10 calls didn’t get us out of the trade as expected. Quite literally, on expiration day, bad news came out which sent the stock into the $ 8 range. It’s back up to around $ 9 but we need to sell another call to make sure we get called away at May expiration.  If you don’t already own BIG, you can skip this trade.

This time around, we are selling the May 19^th 7.5 calls for a credit of around $ 1.65. The goal is to get our shares called away and move on to a new position. The return is 2.5% if called away at $ 7.50 or above (with no share appreciation possible). There are 23 days to expiration.

Trade Details:

April 21, 2023 - 2:03 pm

Trade Alert:

We have multiple positions expiring today. In order to make next week less chaotic (placing all those expired positions), we’re going to roll out CRK. This also allows us to avoid getting our shares called away since the stock price is just above the strike price.

With a roll trade, you can do it as separate transactions (buy to close the April 21^st 11 call and then sell to open the May 19^th 12 call) or as one transaction as seen below.  If you follow the screenshot and do the trade as one transaction, you should get a credit of around 25 cents.

If you aren’t in the position at all, you can use the second screenshot for the full buy-write (total cost of around $ 10.74).  There are 29 days to expiration. The premium collected from the call is 2.3% for the rollout and 2.7% for the full buy-write. If called away at $ 12, the total return will be 10.9% for the rollout and 11.3% for the full buy-write.

Trade Details:

April 19, 2023 - 2:05 pm

Trade Alert:

We have multiple positions expiring on Friday. In order to make next week less of a zoo (placing all those expired positions), we’re going to try to roll out a trade or two during this week. Let’s start today with CLF, where we’ve already collected full value from the call.

With a roll trade, you can do it as separate transactions (buy to close the April 21^st 20 call and then sell to open the May 26^th 18.5 call) or as one transaction as seen below.  If you follow the screenshot and do the trade as one transaction, you should get a credit of around 55 cents.

If you aren’t in the position at all, you can use the second screenshot for the full buy-write (total cost of around $ 16.54).  There are 36 days to expiration. The premium collected from the call is 3.2%. If called away at $ 18.50, the total return will be 11.5%.

Trade Details:

April 19, 2023 - 1:08 pm

Weekly Income Accelerator: Selling Warner Brothers Calls

During todays live trading room I recommended selling calls against our owned shares of Warner Brothers Discovery (WBD). Here is the trade:

• Sell to Open: WBD May 12 $ 15.50 calls, currently priced at $ 0.36 bid/$ 0.40 ask.

Set your initial limit at the midpoint, in this case $ 0.38. If you don’t get filled within about 10 minutes, check pricing and adjust your limit price.

The trade has a cash return of 2.67% in 23 days. If the calls expire in the money, the return from here is 11.67%.

Here is the buy/write trade setup:

April 13, 2023 - 12:12 pm

Weekly Income Accelerator: Selling Ford Calls

Let’s put a cover on our uncovered shares of Ford Motor Company (F). Ford goes ex-dividend for a $CONTENT.15 dividend on April 26. I am going with the $ 13.50 strike price instead of the $ 13.00 to reduce the chance of an early exercise. Or if that does happen, we benefit from a nice share price gain over the next three weeks.

Here is the trade:

• Sell to Open: F May 5 $ 13.50 Calls, currently priced at $ 0.14 bid/$ 0.16 ask

You should be able to get filled with a limit order at the midpoint, in this case $ 0.15.

Including the dividend, the trade has a cash return of 2.42% in 22 days. The return from here will be 10.52% of the calls expire in the money.

Here is the buy/write trade setup:

April 12, 2023 - 1:16 pm

Weekly Income Accelerator Trade: Selling Macy’s Calls

During today’s live Weekly Income Accelerator trading room, we sold calls to cover our held Macy’s (M) shares. Our previous calls on M expired Friday.

Here is the trade:

• Sell to Open: M May 12, $ 19.00 calls, currently priced at $ 0.55 bid/$ 0.58 ask.

Set your limit price just below the midpoint, which with this pricing would be $ 0.56.

With the share price at $ 17.94, this trade has a cash return of 3.1% in 30 days. If the calls expire in the money the return from here is 9.19%.

Here is the buy/write trade setup

April 12, 2023 - 1:12 pm

Trade Alert:

Our calls on UBER expired OTM last week, so the shares are uncovered. Let’s sell more calls today. If you are new to this trade, you can use this opportunity to enter UBER with a buy-write (second screenshot).

We are selling the May 12^th 33.50 call for around $ 0.81.  That makes our cost basis around $ 33.53 if you made the previous UBER trades, and $ 30.03 for this leg of the trade. The return if flat is 2.6%. If called away at $ 33.50, our return is 11.3%. Expiration is in 30 days.

Trade Details:

April 11, 2023 - 9:57 am

Weekly Income Accelerator: Selling Goodyear Tire Calls

The Goodyear Tire & Rubber Co. (GT) share price has popped higher this week, allowing us to again sell $ 12.00 strike calls against our held shares.

Her is the trade:

• Sell to Open: GT May 12, $ 12.00 calls, currently priced at $ 0.20 bid/$ 0.35 ask

The bid/ask spread is very wide. You should get a quick fill with a $ 0.25 limit, but if you are one of the first to trade this, try a limit order at $ 0.30 to see what happens. The spread will quickly tighten as we make trades.

With GT at $ 11.98, and getting $ 0.25 for the short calls, this trade has a cash return of 2.33% in 31 days. If the calls expire in the money, the return from here will be 12.04%.

Here is the buy/write trade setup:

April 5, 2023 - 1:09 pm

Weekly Income Accelerator: New Buy/Write on Beazer Homes

During today’s Weekly Income Accelerator live trading room we recommended a new buy/write trade on Beazer Homes (BZH). Homebuilder stocks are in a nice uptrend, and this BZH trade gives us some exposure to that. Here is the trade setup using the most recent prices.

• Buy BZH in 100 share lots, on lot minimum, current price: $ 15.62
• Sell to Open: BZH May 19, $ 16.00 calls, priced at $ 0.85 bid/$ 0.90 ask

The combo trade is priced at $ 14.71 bid/$ 14.78 ask. You should get filled with a limit order near the midpoint, which with this pricing would be at $ 14.75.

The trade has a cash return of 5.76% in 44 days. If the calls expire in the money, the return will be 8.47%.

March 31, 2023 - 3:31 pm

Weekly Income Accelerator, expiring trades. We have two short calls expiring today.

• Our short calls on Barrick Gold (GOLD) will expire in the money. We will let the shares be called away.
• Our calls on Goodyear Tire (GT) will expire out of the money. Look for a new trade selling GT calls next week.

March 29, 2023 - 1:52 pm

Trade Alert:

We have two trades to make today. We’re going to cover our CRK and BIG shares. For CRK, you can use this opportunity to enter the trade if you don’t yet own the shares (the buy-write screenshot). For BIG, I don’t recommend entering the trade unless you already own shares. We are looking to exit the position by selling the ATM call.

For CRK, we are selling the April 21st 11 call for around 40 cents. That makes our cost basis around $ 14.08 if you’ve made all the previous CRK trades.  The return if flat is 3.8%. If called away at $ 11, our return is 7.9%. Expiration is in 23 days.

Trade Details:

For BIG, we are selling the April 21^st 10 calls for a credit of around 75 cents. The goal is to get our shares called away and move on to a new position. The return is 6.2% if called away at $ 10 or above (with no share appreciation possible). There are 23 days to expiration.

Trade Details:

March 28, 2023 - 11:33 am

Weekly Income Accelerator: Selling Antero Resources Calls

Call premiums on Antero Resources (AR) look very attractive, so let’s sell some calls to cover our uncovered shares. Our last short calls on AR expired on Friday. Here is the trade:

• Sell to Open: AR Apr 28 $ 25.00 calls, currently priced at $ 0.54 bid/$ 0.61 ask.

The shares currently trade at $ 22.40. With this bid/ask spread, put your limit at $ 0.56, which is just below the midpoint of $ 0.575. The spread will tighten as we send in trades.

The trade has a cash return of 2.56% in 31 days. If the calls expire in the money, the return from here is a very solid 14.46%.

Here is the buy/write trade setup:

March 23, 2023 - 2:18 pm

Trade Alert:

The price of CCJ has stabilized, so now’s a good time to sell more calls against our shares. Normally we would go out 30 days or less for the expiration, but we’re adding an extra week this time to avoid the logjam of trades expiring on April 21^st. You can use this opportunity to enter the full buy-write if you don’t yet own the shares (second screenshot).

CCJ is currently trading at $ 24.62, so we’ll sell to open the April 28^th 26.50 calls for a credit of around $ 0.68.  If you made the previous trade (just the last one – CCJ had been called away prior to the last trade), then your cost basis is around $ 27.66.  The full buy-write will cost about $ 23.94 if you’re new to the trade.

April 28^th expiration is in 36 days.  Holding until expiration will return 2.8%.  At max gain (stock at $ 26.50 or above) the trade will produce gains of 10.4%.

Recommendation:  Sell to open the CCJ April 28^th 26.50 calls for a credit of around $ 0.68. Remember, you can sell one contract for every 100 shares you own or are buying of CCJ. There are 36 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

March 22, 2023 - 1:30 pm

Trade Alert:

Our CLF calls expired last Friday, so let’s sell more calls today. You can also use this opportunity to enter the full buy-write if you aren’t yet in the trade (second screenshot).

CLF is currently trading at $ 18.17, so we’ll sell the April 21^st 20 calls for a credit around 50 cents. The full buy-write will cost about $ 17.67.  The position cost basis is about $ 19.53 if you’ve made the previous CLF trades. April 21^st expiration is in 30 days.  Holding until expiration will 2.8%.  At max gain (stock at $ 20 or above), the trade will produce gains of 12.8%.

Trade Details:

March 17, 2023 - 1:47 pm

Trade Alert:

One of the few benefits of this crazy week is the reawakening of precious metals. In particular, silver has seen a legit rally for the first time in months. It finally gives us the opportunity to cover our AG shares.  You can also use this opportunity to enter the trade via buy-write (second screenshot) if you don’t own the shares yet.

AG is currently trading at $ 7.20, so we’ll sell the April 21^st 8 calls for a credit around 23 cents. The full buy-write will cost about $ 6.97.  The position cost basis is about $ 10.21 if you’ve made all the previous trades.

April 21^st expiration is in 35 days.  Holding until expiration will return 3.2%.  At max gain (stock at $ 8 or above) the trade will produce gains of 14.3%.  Expiration is in 35 days.

Trade Details:

March 16, 2023 - 8:04 pm

Join us for the Weekly Income Accelerator monthly live session. We are live now, so come on in.

https://us02web.zoom.us/j/82206830225

March 16, 2023 - 11:31 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Let’s sell some calls to cover our owned shares of Warner Brothers Discovery (WBD). The share price has held up well since our buy/write trade a month ago. Here is the trade:

• Sell to Open: WBD Apr 14, $ 15.00 calls, currently priced at $ 0.34 bid/$ 0.42 ask.

WBD trades at $ 13.62. The option spread will tighten up as we make trades. Set your limit price at the midpoint or a penny below the midpoint.

Using the current $ 0.38 midpoint, this trade has a cash return of 2.71% in 29 days. If the calls expire in the money, the return from here is 13.12%.

Here is the buy/write trade setup

March 15, 2023 - 1:44 pm

Trade Alert:

With regional banks selling off again today, we can capture most of the premium from our short 17 calls in KEY (from last Friday). If we close the 17 calls and open the 13 calls in April (a trade called rolling down), we can capture another 55 cents of premium.

This trade caps our upside on 100 shares of KEY at $ 13 (the other 100 is capped at $ 14). However, we can always roll the calls back up if needed since we have 37 days left until expiration. For now, it makes sense to capture the very high premiums that the options are offering. Once this crisis settles a bit, the premiums should fade a lot.

You don’t have to do anything with the stock, you can either roll the calls as a call spread – as seen below – or you can buy to close the 17 call and separately sell to open the 13 call. Again, nothing needs to happen with the stock portion of our position.  We’re looking to get around a 55 cent credit with this trade.

Trade Details:

March 14, 2023 - 2:43 pm

Trade Alert:

I may have jumped the gun on the first KeyCorp (KEY) buy-write on Friday (it was before the FDIC took over SVB).  I still think the original trade will be fine (April 21^st expiration). However, the covered call situation in KEY is significantly more attractive now. So, let’s add another KEY covered call to our portfolio.

We’re buying KEY shares around $ 12.60 and selling the April 21^st 14 call for around 65 cents. The net debit for the trade should be around $ 11.95.  Holding until expiration will return 5.2%.  At max gain (stock at $ 14 or above) the trade will produce gains of 16.3%.

Recommendation:  Buy shares of KEY and sell the April 21^st 14 calls for a net debit around $ 11.95. Sell 1 call for every 100 shares you are buying of KEY.  There are 38 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

March 10, 2023 - 3:31 pm

In case you missed it, we had an excellent presentation last Wednesday about Defined Outcome Investing. Given the volatility in the market today, utilizing proper risk management is more important than ever (which is a lot of what Pat talks about regarding defined outcome positions).

Check out the replay here:

https://www.investorsalley.com/options-for-income-guest-speaker-video/

March 10, 2023 - 11:55 am

Trade Alert:

Every once in a while you get an opportunity you can’t pass up. This is one of those times. Regionals banks are getting crushed based on idiosyncratic risk from SVB Financial (SIVB).  KeyCorp (KEY) is one of those banks down 13% this week despite having very little exposure to the troubles of SIVB. KEY only offers monthly options, but in this case, it’s worth it.

We’re buying KEY shares around $ 15.90 and selling the April 21^st 17 call for around 50 cents. The net debit will for the trade should be around $ 15.40.  Holding until expiration will return 3.1%.  At max gain (stock at $ 17 or above) the trade will produce gains of 10.1%.

Recommendation:  Buy shares of KEY and sell the April 21^st 17 calls for a net debit around $ 15.40. Sell 1 call for every 100 shares you are buying of KEY.  There are 42 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

March 8, 2023 - 7:49 pm

Just about 10 minutes to go until the guest webinar tonight! Details below.

Defined Outcome Investing is a unique approach to portfolio management that gives you an alternative to the passive 60/40 stock/bond allocation. Through using a combination of exchange traded options and U.S. Treasuries, you’ll achieve greater certainty with how your portfolio will perform, ultimately providing a much more reliable framework than diversification. Guest speaker Patrick Hennessy will show you how defined outcome investing is a reliable alternative to the tired strategies that no longer work, especially in current market conditions.

Use this link to attend:

https://us02web.zoom.us/j/86736511350

March 8, 2023 - 1:27 pm

Regarding the Infracap Webinar, here’s the link to register:

https://my.demio.com/ref/Cy7KVsQSBk3KsWTt?utm_source=social&utm_medium=social-media&utm_campaign=InfraCap-Jan-2023-Marekt-Webinar&utm_id=Jan-2023-Market-Webinar-registration

March 8, 2023 - 1:25 pm

Weekly Income Accelerator Trade: Selling Macy’s Calls

My trade today from the Live Trading Session is to sell calls on Macy’s (M) to replace those that expire out of the money on Friday. Here is the trade:

• Sell to Open: M Apr 6 $ 22.00 calls, currently priced at $ 0.43 bid/$ 0.47 ask

Macy’s trades at $ 20.86.

Place your initial limit at the midpoint, which with this pricing would be $ 0.45.

The trade has a cash return of 2.2% in 29 days. The return from here is 7.8% if the calls expire in the money.

Here is the buy/write trade setup:

March 8, 2023 - 1:18 pm

For those interested – come see the dynamic duo of Jay + Jay tomorrow!

March 8, 2023 - 1:16 pm

Trade Alert:

Our calls on UBER expired OTM last week, so the shares are uncovered. Let’s sell more calls today. If you are new to this trade, you can use this opportunity to enter UBER with a buy-write (second screenshot).

We are selling the April 6^th 36 call for around $ 0.90.  That makes our cost basis around $ 34.34 if you made the previous UBER trade, and $ 33.15 for this leg of the trade. The return if flat is 2.6%. If called away at $ 36, our return is 8.4%. Expiration is in 29 days.

Recommendation:  Sell to open the UBER April 6^th 36 call for a credit of around 90 cents.  Sell 1 call for every 100 shares you own or are buying of UBER.  There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

March 3, 2023 - 3:40 pm

Today we have expiring calls on UBER and Macys (M). Both will expire out of the money so there is nothing to do until next week.

March 2, 2023 - 1:28 pm

Trade Alert:

We’ve let Big Lots (BIG) stay uncovered for a while now, but the stock is up over 4% after mixed earnings today. The company’s outlook is downbeat (expected) but its losses have narrowed (unexpected). Let’s a grab a quick 50 cents in premium for the next two weeks and then we’ll write a full 30-day call after this one expires. For those of you not in the position yet, you can use the buy-write details below (second screenshot) to enter the position.

BIG is currently trading at $ 14.29, so we’ll sell the March 17^th 15 calls for around $ 0.50. That makes our cost basis for this trade $ 13.79, or $ 27.17 if you were in all the previous trades.  March 17^th expiration is in 15 days.  Holding until expiration will return 3.5%.  At max gain (stock at $ 15 or above) the trade will produce gains of 8.5%.

Recommendation:  Sell to open the BIG March 17^th 15 call for a credit of around $ 0.50.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 15 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

March 1, 2023 - 1:14 pm

Weekly Income Accelerator: Selling Barrick Gold Calls

During today’s live trading room session we sold calls to cover our shares of Barrick Gold Corp. (GOLD). Here is the trade, using the most current prices. GOLD trades at $ 16.34.

• Sell to Open: Gold Mar 31, $ 17.50 calls, priced at $ 0.22 bid/$ 0.23 ask

With a one-cent spread, place your limit at the bid price.

This trade has a cash return of 1.36% in 30 days. If the calls expire in the money the return from here will be 8.56%.

Here is the buy/write trade setup:

February 27, 2023 - 10:25 am

Weekly Income Accelerator: Selling Ford Calls

On Friday, or short calls on Ford Motor Company (F) expired out of the money. The $CONTENT.80 per share dividends will hit our accounts on Wednesday.

Starting in April, Ford options go back to regular, 50-cent increment pricing. Here is the trade:

• Sell to Open: F Apr 6, $ 13.00 calls, currently priced at $ 0.31 bid/$ 0.35 ask.

Ford trades for $ 12.31. You should get filled with a limit at the midpoint, which in this case is $ 0.33.

This trade has a cash return of 2.75% in 38 days. The return from here if the calls expire in the money is 8.4%.

Here is the buy/write trade setup:

February 24, 2023 - 3:55 pm

Our short calls expiring today on GOLD and Ford (F) will both expire out of the money. Nothing to do. We will likely write more calls on these two stocks next week. The big dividend from Ford pays on March 1.

February 23, 2023 - 10:30 am

Weekly Income Accelerator: Selling Antero Resources Calls

The Antero Resources (AR) share price has popped higher over the last two days. Let’s use that momentum to sell some calls on the AR shares we already own. Here is the trade:

• Sell to Open: AR Mar 24 $ 27.00 calls, currently priced at $ 0.77 bid/$ 0.88 ask

The wide spread has a midpoint of $ 0.825. With this pricing and AR at $ 25.25, put your limit at $ 0.81. You should get a quick fill at that price.

This trade has a cash return of 3.27% in 29 days. If the calls expire in the money the return from here is 10.42%.

Here is the buy/write trade setup:

February 22, 2023 - 1:20 pm

Trade Alert:

Our CRK position got called away last week, and the stock is up about 5% today. That makes it a perfect time to jump back in with a buy-write. By entering the trade today, we’ll also be in position to collect the $ 0.125 dividend (with ex-date of 2/28).

Let’s buy the shares and sell the March 17^th 13 call for a net debit of around $ 11.64 ($ 11.94 stock price and 30 cent premium on the calls). The return if flat is 2.5%. If called away at $ 13, our return is 11.4%. Expiration is in 23 days.

Recommendation:  Buy CRK shares and sell to open the March 17^th 13 call for a net debit of around $ 11.64.  Sell 1 call for every 100 shares you are buying of CRK.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

February 22, 2023 - 1:09 pm

Weekly Income Accelerator Trade: Selling Goodyear

Today during the Weekly Income Accelerator live trading room we sold calls on our already owned shares of Goodyear Tire & Rubber Co. (GT). Here is the trade:

• Sell to Open: GT Mar 31 $ 12.00 calls, priced at $ 0.25 bid/$ 0.30 ask

During the trading room session, putting the limit at $ 0.25 resulted in fills at $ 0.28. Even though with GT calls you must stick with the 5-cent increments on your order, you will likely get filled at a higher price.

The trade has a cash return of 2.27% in 30 days. The return from here if the calls expire in the money is 9.19%.

Here is the buy/write trade setup:

February 15, 2023 - 1:15 pm

Trade Alert:

Our CLF shares got called away last week, so let’s sell more calls today. Premiums continue to be attractive and the stock has been slowly gaining ground.  You can also use this opportunity to enter the full buy-write if you aren’t yet in the trade (second screenshot).

CLF is currently trading at $ 20.29, so we’ll sell the March 17^th 22 calls for a credit around 51 cents. The full buy-write will cost about $ 19.78.  The position cost basis is about $ 20.03 if you’ve made the previous CLF trade. February 17^th expiration is in 30 days.  Holding until expiration will 2.5%.  At max gain (stock at $ 22 or above) the trade will produce gains of 10.9%.  Expiration is in 30 days.

Trade Details:

February 15, 2023 - 11:08 am

Weekly Income Accelerator: New Warner Brothers Discovery Buy-Write

On Friday, our latest short calls on Warner Brothers Discovery (WBD) expired in the money. The stock continues to be attractive for covered call trades. Here is the trade setup for a new buy-write on WBD.

• Buy WBD in 100 share increments, one lot minimum. Current price: $ 14.74
• Sell to Open: WBD Mar 10, $ 15.50 calls, priced at $ 0.64 bid/$ 0.67 ask.

The combo trade has a current bid/ask of $ 14.07/$ 14.11 with the midpoint at $ 14.09. I recommend putting your limit order one cent above the midpoint at $ 14.10.

Check the current pricing to set your limit price.

This trade has a cash return of 4.69% in 23 days. If the calls expire in the money the return will be 10.16%.

February 10, 2023 - 2:44 pm

Today at the close we have calls expiring on AR, GT, CLF, and WBD.

Only WBD will expire in the money and we will let the shares be called away.

February 10, 2023 - 11:54 am

Trade Alert:

Our CCJ shares were called away last week, but we wanted to see earnings before getting back in to a new buy-write. The company posted strong results and the share price is up about 5% this week. Now that the price has stabilized, let’s add another CCJ buy-write to our portfolio.

CCJ is currently trading at $ 29.08, so we’ll buy the shares and sell to open the March 10^th 30.50 calls for a net debit of around $ 28.34.  March 10^th expiration is in 29 days.  Holding until expiration will return 2.5%.  At max gain (stock at $ 30.50 or above) the trade will produce gains of 7.4%.

Recommendation:  Buy shares of CCJ and sell to open the March 10^th 30.50 calls for a net debit of around $ 28.34. Remember, you can sell one contract for every 100 shares you are buying. There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

February 10, 2023 - 11:40 am

A follow up on Ford Motor Company (F) going ex-dividend today. The strike price of our short calls adjusted down by the $ 0.65 special dividend. Here is what we have:

• Ford currently trades for $ 12.66, down 83 cents from yesterday’s close. The shares are ex-dividend an $ 0.80 payout, so the price is close to level.
• We will receive the 80 cents per share on March 1.
• Our Feb 24, originally $ 14.00 calls now have a $ 13.35 strike price.
• The strike adjusted down by the 65-cent special dividend.

The buy/write trade on Feb 3 had a net cost of $ 13.20. If our calls expire in the money we will receive a total of $ 14.15 per share, including the dividend for a 7.2% return in 21 days.

February 8, 2023 - 1:40 pm

Trade Alert:

We have two trades to make today. We’re going to do a short-term trade on CRK that will take us through earnings. We already own the stock, so we’ll just be selling a call. For UBER, our shares recently got called away, so we’ll get back in with a full buy-write. UBER just posted better than expected earnings, so we can sell OTM calls for a pretty nice premium.

For CRK, we are selling the February 17^th 12 call for around 35 cents (you may be able to get 40 cents). That makes our cost basis around $ 14.48 if you’ve made all the previous CRK trades. If you are new to this trade, you can use this opportunity to enter CRK with a buy-write for a cost of around $ 11.31 (second screenshot). The return if flat is 3%. If called away at $ 12, our return is 5.9%. Expiration is in 9 days.

Recommendation:  Sell to open the CRK February 17^th 12 call for a credit of around $ 0.35.  Sell 1 call for every 100 shares you own or are buying of CRK.  There are 9 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

For UBER, we are buying the stock and selling the March 3^rd 38 calls for a net debit of $ 35.24. The return if flat is 2.4%, and if called away at $ 38, we’re looking at total gains of 7.6%. There are 23 days to expiration.

Recommendation:  Buy shares of UBER and sell to open the March 3^rd 38 call for a net debit of around $ 35.24.  Sell 1 call for every 100 shares you are buying of UBER.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

February 3, 2023 - 12:16 pm

Weekly Income Accelerator: New Ford Buy/Write

Yesterday Ford Motor Company (F) disappointed with its earnings and the share price today is down about $ 1.00, with the stock currently trading at $ 13.40.

Yesterday Ford also announced its regular and a special dividend totaling $ 0.80 per share, to be paid on February 28, with ex-dividend on February 10.

The big dividend, equal to 6% of the share price, makes potential covered call trades “interesting.” Here is what I have decided to do:

• Buy F in 100 share lots, one lot minimum, current price $ 13.40
• Sell to Open F Feb 24, $ 14.00 calls, priced at $ 0.19 bid/$ 0.20 ask

With this pricing a net limit of $ 13.20 should get filled.

There are two possible outcomes for this trade:

• If Ford is above .00 on February 9, its likely we will get an early exercise, which will pay us $ 80.00 per lot, giving a 6% return in one week.
• If the calls do not get an early exercise, we also will earn $ 80.00 in dividends per lot, doubling the potential return.

One final twist is that the options exchange may adjust the strike price to account for the $ 0.65 special dividend. That could reduce the realized return to approximately 1%.

This should be interesting!

February 1, 2023 - 1:09 pm

Weekly Income Accelerator: New Buy/Write on Macy’s Inc.

During our live trading room today, we opened a new trade on Macy’s Inc. (M) with a buy/write combination trade. Here is the trade setup:

• Buy M in 100 share increments, one lot minimum. Current share price: $ 22.94
• Sell to Open: M Mar 3, $ 24.50 calls, currently priced at $ 0.78 bid/ $ 0.84 ask

This trade has a combination bid/ask of $ 22.09 bid/ .16 ask. Midpoint is $ 22.125. With this pricing set your limit just above the midpoint at $ 22.13 or $ 22.14. The higher limit will get a quicker order fill.

The trade has a cash return 3.65%. The return will be 10.5% if the calls expire in the money.

January 30, 2023 - 12:14 pm

Weekly Income Accelerator: New Buy/Write trade on Barrick Gold

On Friday our Intel Corp (INTC) and Ford Motor Company (F) calls expired in the money. We also had our Permian Resources (PR) calls expire in the money a week earlier. As a result, you should have (I do) plenty of cash to put into new covered call trades.

I did some stock research over the weekend, and plan to, in the upcoming days, add new trades on Ford and PR. Ford reports earnings on Thursday, so will wait until at least Friday for that stock.

Today I want to get us back into a commodity focused trade. The Barrick Gold Corp (GOLD) share price shows a nice, steady uptrend since early November. The price of gold is on a similar trajectory.

Here is the trade setup:

• Buy GOLD in 100 share lots, one lot minimum. Current price: $ 19.58
• Sell to open: GOLD Feb 24, $ 20.00 calls, current price $ 0.55 bid/ $ 0.58 ask

The combination buy/write has a net bid ask of $ 19.01/$ 19.05. Put your limit at the midpoint, which with this pricing would be $ 19.03.

This trade has a cash return of 2.94% in 25 days. The return will be 5.04% if the calls expire in the money.

For the first trade of a new stock, I look more at generating attractive cash return from the option premium.

January 27, 2023 - 3:20 pm

We have two short call positions for Weekly Income Accelerator expiring today, Jan. 27.

• The Ford (F) stock price moved sharply higher today, and our $ 12.50 calls are quite deep in the money. Let the calls expire and be exercised. It is probable I will put out another trade on Ford next week.
• Intel Corp. (INTC) is trading a few cents above our $ 28.00 strike price. Let the calls expire. We won’t know if they will close in the money until the market closes.

January 25, 2023 - 1:46 pm

Trade Alert:

Our CCJ shares were called away last week, and we’re going to squeeze one more short-term trade in before earnings.

CCJ is currently trading at $ 26.92, so we’ll buy the shares and sell to open the February 3^rd 27.50 calls for a net debit of around $ 26.47.  February 3^rd expiration is in just 9 days.  Holding until expiration will return 1.7%.  At max gain (stock at $ 27.50 or above) the trade will produce gains of 3.8%.

Recommendation:  Buy shares of CCJ and sell to open the February 3^rd 27.50 calls for a net debit of around $ 26.47. Remember, you can sell one contract for every 100 shares you are buying. There are 9 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

January 25, 2023 - 1:06 pm

Weekly Income Accelerator: Selling Antero Resources Calls

On today’s live Trading Room session I recommended covering our own shares of Antero Resources (AR). Antero will report earnings on February 15. I decided to go with a short term trade selling calls expiring on February 10. Here is the trade:

• Sell to Open: AR Feb 10 $ 31.00 calls, currently priced at $ 0.57 bid/$ 0.59 ask.

Put your initial limit at the midpoint, which with this pricing would be $ 0.58.

This trade has a cash return of 1.75% in 16 days, and 8.0% if the calls expire in the money.

I think AR could surprise to the upside with earnings. My hope/plan with this trade is to earn some short term option premium and be holding uncovered shares when earnings come out. We will see how well that works out.

If you don’t own any AR, you can do a buy/write trade using this call option.

January 20, 2023 - 2:03 pm

Weekly Income Accelerator expiring calls.

We have four short call position expiring today. We will let them all go to expiration:

• CCJ $ 23.50 calls will expire in the money.
• AR $ 36.00 calls will expire out of the money.
• CRK $ 13.00 calls will expire out of the money.
• PR $ 10.00 calls will expire in the money.

January 18, 2023 - 1:31 pm

Trade Alert:

We have a two for one special today on covered calls! We’re going to open a buy-write on Cleveland-Cliffs (CLF) and sell a call on our First Majestic Silver (AG) shares.

Let’s start with CLF. Our shares were called away last week, so let’s get back in with a buy-write. We are buying the shares at $ 21.22 and selling the February 10^th 22.50 calls for a net debit of $ 20.54. That gives us a return from premiums of 3.2%. If the shares are called away at $ 22.50, our total return will be 9.2%. The calls will expire in 23 days.

Trade Details:

Our AG calls expired out of the money last week, so we’ll sell more calls this week. You can also use the second screenshot below to do the full buy-write if you don’t yet own AG shares.

AG is currently trading at $ 8.48, so we’ll sell the February 17^th 9 calls for a credit around 27 cents. The full buy-write will cost about $ 8.21.  The position cost basis is about $ 10.34 if you’ve made all the previous trades. February 17^th expiration is in 30 days.  Holding until expiration will 3.2%.  At max gain (stock at $ 9 or above) the trade will produce gains of 9.3%.  Expiration is in 30 days.

Trade Details:

January 13, 2023 - 3:23 pm

We have two short call positions expiring today.

The $ 9.00 calls on AG will expire out of the money.

The $ 17.00 CLF calls will expire in the money and we will let them expire and have the shares called away.

January 12, 2023 - 2:45 pm

Trade Alert:

Our UBER calls expired last week and the stock has been on a tear. We’ve let it run for a while, so now let’s capture some premium by selling calls. We’ll take a bit lower premium this time in order to give the stock some additional room to appreciate. You can also use this opportunity to enter the trade as a buy-write if you don’t own shares (second screenshot).

UBER is currently trading at $ 29.11, so we’ll sell the February 3^rd 31 calls for around $ 0.60.  That makes our cost basis for this trade $ 28.51, or $ 24.58 if you made the previous UBER trade.  February 3^rd expiration is in 23 days.  Holding until expiration will return 2.1%.  At max gain (stock at $ 31 or above) the trade will produce gains of 8.6%.

Recommendation:  Sell to open the UBER February 3^rd 31 call for a credit of around $ 0.60.  Sell 1 call for every 100 shares you own or are buying of UBER.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

January 12, 2023 - 11:47 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

The Warner Brothers Discovery (WBD) share price has moved smartly higher since our $ 11.50 calls expired out of the money last Friday. With the shares now trading at $ 12.75, I want to sell some calls to lock in some great option premium. Here is the trade:

• Sell to Open: WBD Feb 10 $ 13.50 calls, currently priced at $ 0.50 bid/$ 0.58 ask.

That spread will quickly tighten once we start placing trades. With the current pricing, I recommend setting your limit a penny below the midpoint, $ 0.53.

This trade has a cash return of 4.24% in 29 days. The return from here is 10.2% of the calls expire in the money.

Here is the buy/write trade setup:

January 11, 2023 - 1:33 pm

Trade Alert:

Comstock Resources (CRK) has been uncovered as the energy space has been volatile recently.  With just 9 days to go to expiration, we’re going to capture some premiums here since it’s less likely the stock will blow through our strike.  You can also use this opportunity to enter the trade as a buy-write if you don’t own shares.

CRK is currently trading at $ 12.45, so we’ll sell the January 20^th 13 calls for around $ 0.25.  That makes our cost basis for this trade $ 12.20, or $ 14.83 if you made the previous CRK trades.  January 20^th expiration is in just 9 days.  Holding until expiration will return 2.0%.  At max gain (stock at $ 13 or above) the trade will produce gains of 6.4%.

Recommendation:  Sell to open the CRK January 20^th 13 call for a credit of around $ 0.25.  Sell 1 call for every 100 shares you own or are buying of CRK.  There are 9 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

January 9, 2023 - 10:47 am

Weekly Income Accelerator: Selling Goodyear Tire Calls

Our shares of Goodyear Tire and Rubber Co. (GT) have been uncovered for a couple of weeks. Let’s change that and sell some calls backed by those shares. Here is the trade:

• Sell to Open: GT Feb 10 $ 12.00 calls, currently priced at $ 0.30 bid/$ 0.35 ask.

GT options trade in 5-cent increments, so with this pricing put your limit in at the $ 0.30 bid.

The trade has a cash return of 2.75% in 32 days. The return from here if the calls expire in the money is 10.1%.

Here is the buy/write trade setup:

January 6, 2023 - 3:05 pm

Expiring options this week:

WBD and UBER will both expire out of the money. No action is needed.

January 4, 2023 - 1:15 pm

Trade Alert:

We’ve let Big Lots (BIG) stay uncovered for a while now, but the stock’s up quite a bit today. That makes it a good time to cover. BIG only offers monthly options so we’ll go out to February (44 days) for this trade. For those of you not in the position yet, you can use the buy-write details below (second screenshot) to enter the position.

BIG is currently trading at $ 15.90, so we’ll sell the February 17^th 17.50 calls for around $ 0.95. That makes our cost basis for this trade $ 14.95, or $ 27.67 if you were in all the previous trades.  February 17^th expiration is in 44 days.  Holding until expiration will return 6.0%.  At max gain (stock at $ 17.50 or above) the trade will produce gains of 16.0%.

Recommendation:  Sell to open the BIG February 17^th 17.50 call for a credit of around $ 0.95.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 44 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

January 4, 2023 - 12:11 pm

Weekly Income Accelerator: Selling Calls on Ford

During our Live Trading Room session today, I recommended selling calls against our owned Ford Motor Company (F) shares. Here is the trade:

• Sell to Open: F Jan 27 $ 12.50 calls, priced at $ 0.27 bid/$ 0.28 ask.

Ford is currently priced at $ 11.99.

With a one-penny spread, we will use the bid to get a quick fill.

This trade has a cash return of 2.3% in 23 days. The return climbs to 6.9% if the calls expire in the money.

December 29, 2022 - 11:47 am

Weekly Income Accelerator Trade: Selling INTC Calls

Let’s take advantage of the positive market today and sell some calls on our uncovered Intel Corp (INTC) shares. Here is the trade:

• Sell to Open: INTC Jan 27, $ 28.00 calls, currently priced at $ 0.57 bid/$ 0.59 ask.

A limit order at the midpoint, $ 0.58 should get filled.

This trade has a cash return of 2.23% in 29 days. If the calls expire in the money, the return from here is 9.54%.

Here is the buy/write trade setup:

December 23, 2022 - 6:30 pm

We had two short call positions expire today on GT and INTC. Both expired out of the money.

December 23, 2022 - 12:59 pm

Trade Alert:

Our CCJ shares have been sitting uncovered for several days, but the market was not conducive to selling more calls… until now. Using the January 20^th 23.50 strike produces results that I’m comfortable with, so let’s cover our shares here. This is also a good time to enter the trade as a buy-write if you don’t have a position yet (second screenshot).

CCJ is currently trading at $ 22.35, so we’ll sell to open the January 20^th 23.50 calls for a credit of around $ 0.64.  If you’ve made the previous trades in CCJ, our cost basis is down to $ 23.31.  For the full buy-write, the net debit for buying the shares and selling the call is around $ 21.71 (which is also the cost basis for this leg of the trade).  January 20^thexpiration is in 29 days.  Holding until expiration will return 2.9%.  At max gain (stock at $ 23.50 or above) the trade will produce gains of 8.0%.

Recommendation:  Sell to open the January 20^th 23.50 calls for a credit of around $ 0.64. Remember, you can sell one contract for every 100 shares you own or are buying. There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

December 21, 2022 - 12:56 pm

Weekly Income Accelerator: New Buy/Write Trade on Antero Resources

In today’s Weekly Income Accelerator live trading session, I put together a new buy/write trade on Antero Resources (AR).

Antero Resources is an upstream natural gas producer operating in the Marcellus shale. The company is making money hand over fist, trades at a sub-six PE ratio and has very attractive options premiums. Here is the trade setup:

• Buy shares of AR in 100 share lots, one lot minimum. Current price: $ 34.17
• Sell to Open Jan 20, $ 36.00 Calls, currently priced at $ 1.20 bid/$ 1.25 ask

The combination trade has a $ 32.97 bid/ $ 33.02 ask. A limit price of $ 33.00 should get filled.

This trade has a cash return of 3.6% in 30 days, if the calls expire in the money the return will be 9.25%.

December 20, 2022 - 1:28 pm

As many of you noticed, the 9.5 calls in AG didn’t match the price I recommended. We’re going to instead use the 9 calls for January 13th, not the 9.5 calls. I’ve updated the trade alert and screenshots below to reflect this change.

Trade Alert:

Our First Majestic Silver (AG) shares are uncovered after the calls expired for zero last week. The stock is getting a nice boost today from silver prices, with the share price up about 5%.  We’ll use this opportunity to sell a new call. This is a good opportunity to enter the trade if you haven’t made any of the previous AG trades (using the full buy-write in the second screenshot).

AG is currently trading at $ 8.66, so we’ll sell the January 13^th 9 calls for a credit around 35 cents. The full buy-write will cost about $ 8.31.  The position cost basis is about $ 10.61 if you’ve made all the previous trades. January 13^th expiration is in 25 days.  Holding until expiration will return 4.0%.  At max gain (stock at $ 9 or above) the trade will produce gains of 13.7%.

Recommendation: Sell to open the AG January 13^th 9 call for a 35 cent credit.  Sell 1 call for every 100 shares you own or are buying of AG.  There are 25 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

December 20, 2022 - 1:07 pm

Trade Alert:

Our First Majestic Silver (AG) shares are uncovered after the calls expired for zero last week. The stock is getting a nice boost today from silver prices, with the share price up about 5%.  We’ll use this opportunity to sell a new call. This is a good opportunity to enter the trade if you haven’t made any of the previous AG trades (using the full buy-write in the second screenshot).

AG is currently trading at $ 8.66, so we’ll sell the January 13^th 9.5 calls for a credit around 35 cents. The full buy-write will cost about $ 8.31.  The position cost basis is about $ 10.61 if you’ve made all the previous trades. January 13^th expiration is in 25 days.  Holding until expiration will return 4.0%.  At max gain (stock at $ 9.50 or above) the trade will produce gains of 13.7%.

Recommendation: Sell to open the AG January 13^th 9.5 call for a 35 cent credit.  Sell 1 call for every 100 shares you own or are buying of AG.  There are 25 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

December 19, 2022 - 12:47 pm

Weekly Income Accelerator: Selling Our Tupperware Shares

In early November, Tupperware Brands (TUP) reported earnings of $ 0.14 per share, a massive miss compared to the Wall Street consensus of $ 0.42 per share.

For the last six weeks, the TUP share price has shown no signs of life, and the options pricing has not been conducive to any attractive trades.

The capital we have left in TUP is dead money. Unlikely for the share price to recover soon, potential covered call trades are unattractive.

The best course is to sell our shares, put this dog of a stock in the rearview mirror, and look for better-covered call trades instead of trying to revive this one.

• Recommendation: Sell your shares of TUP. We will not make more covered call trades with this stock.

December 16, 2022 - 3:19 pm

Hey all, it’s Jay. Regarding CCJ, I don’t like any of the trades I’m seeing today, so we’ll push this one to next week. I know that means I’ll have four open positions (and Tim will have one or two as well), but I’d rather it be a busy week of trading than force us into a position I don’t love.  While I have you here, Tim and I have 4 positions expiring today, all out of the money: AG, CRK, BIG, and F.  No action is necessary regarding those trades today. Be prepared to do some trading next week!

December 14, 2022 - 12:44 pm

Trade Alert:

Our Cleveland-Cliffs (CLF) calls expired last Friday. The stock continues to pay solid premiums, and it has plenty of upside potential (along with much of the steel industry). It’s a good time to enter the position even if you haven’t made any of the previous CLF trades (second screenshot).

CLF is currently trading at $ 15.79, so we’ll sell the January 13^th 17 calls for around $ 0.55.  That makes our cost basis for this trade $ 15.24 (or $ 18.56 if you were in all the previous trades).  January 13^th expiration is in 31 days.  Holding until expiration will return 3.5%.  At max gain (stock at $ 17 or above) the trade will produce gains of 11.2%.

As a reminder, we are not concerned with the stock getting called away for a loss at $ 17 (if you were in the previous CLF trades). We will simply reenter the position the following week.

Recommendation:  Sell to open the CLF January 13^th 17 calls for a credit of around 55 cents.  Sell 1 call for every 100 shares you own or are buying of CLF.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

December 9, 2022 - 3:33 pm

Expiring Trades:

CLF and CCJ will both have calls expiring out of the money today. No action is necessary, and we’ll sell more calls on both stocks next week.

December 8, 2022 - 11:15 am

Weekly Income Accelerator: New Buy-Write on Warner Brothers Discovery

It looks like the Warner Brothers Discovery (WBD) share price may have bottomed as the market opened yesterday. The price has trended up since then. Let’s get back in this stock with a new buy/write trade. Here is the trade setup:

• Buy WBD in 100 share increments, one lot minimum. Current share price: $ 10.86.
• Sell to Open: WBD Jan 6, $ 11.50 calls, priced at $ 0.39 bid/$ 0.43 ask.
• Net Price: $ 10.39 bid / $ 10.48 ask.

The wide option price spread will tighten up as we send in trades. Put your limit price just above the midpoint. With this pricing it would be at $ 10.45.

This trade has a cash return of 3.82% in 29 days. If the calls expire in the money the return will be 9.94%.

Note: The strike price for yesterday’s UBER trade was .00.

December 7, 2022 - 12:55 pm

Trade Alert:

Here is the trade from today’s live trading room session. It’s a buy-write trade on Uber Technologies (UBER). Here is the trade setup:

• Buy shares of UBER in 100 share lots, one lot minimum. Current price $ 26.09
• Sell to Open: UBER Jan 6 $ 28.00 Calls, priced at $ 0.88 bid/$ 0.93 ask

The net pricing is $ 25.15 ask/$ 25.21 bid. Set your initial limit at the midpoint of $ 25.18.

The trade has a cash return of 3.57%. The trade returns 11.15% if the calls expire in the money.

Trade Details:

November 30, 2022 - 12:23 pm

Weekly Income Accelerator: New Buy/Write on Intel Corp.

Last Friday, our initial buy/write trade on Intel Corp. (INTC) expired in the money, earning us the max return of 7.46% in 32 days. We will also receive a $ 0.365 per share dividend, which pays tomorrow on December 1. The dividend adds 1.4% to the trade’s return.

Call premiums on INTC remain attractive with shorter term expirations, and strike prices just out of the money. I think we can make a couple of more trades like this one before we try to capture the next dividend to be paid in March.

Here is the trade setup:

• Buy shares of INTC in 100 share increments, one lot minimum. Current price: $ 28.40.
• Sell to Open: INTC Dec 23, $ 29.00 calls, current pricing: $ 0.78 bid/$ 0.79 ask.

Set your limit at the combination trade midpoint, which with this pricing would be $ 27.63.

This trade has a cash return of 2.82% in 23 days. If the calls expire in the money, the return will be 4.99%.

Here is the trade setup using the think or swim app we are using on the live trading room sessions:

November 28, 2022 - 10:41 am

Weekly Income Accelerator: New Permian Resources Buy/Write Trade

Permian Resources (PR) gives us upstream energy exposure in a low-priced stock. Options premiums for at or near the money calls are very attractive, so I like to use this stock to generate a large cash return, and not shoot for much if any capital gains.

Here is the trade for today:

• Buy PR in 100 share lots, one lot minimum. Current price: $ 10.08
• Sell to Open: PR Jan 20, $ 10.00 calls, currently priced at $ 0.95 bid/$ 1.05 ask

Set your net limit at the midpoint, which with this pricing would be $ 9.08 for the buy/write limit debit.

This trade has a cash return of 10.1% in 53 days. The return is the same if the calls expire in the money or out of the money.

November 25, 2022 - 11:11 am

Weekly Income Accelerator: Selling Calls on Goodyear Tire and Rubber

Let’s get some calls sold against our uncovered shares of Goodyear Tire & Rubber (GT). Here is the trade:

• Sell to Open: GT Dec 23, $ 12.00 calls, currently priced at $ 0.35 bid/$ 0.45 ask.

With this pricing put your limit price at the $ 0.40 midpoint. If the spread shrinks to a nickel, use the bid price.

With GT currently at $ 11.51, this trade has a cash return of 3.13% in 28 days. If the calls expire in the money, the return from here would be 7.52%.

Here is the buy/write trade setup:

November 23, 2022 - 1:14 pm

Trade Alert:

We’ve let Big Lots (BIG) stay uncovered for a few days while the stock has been on a run. However, with earnings coming up soon, we can capture some nice premiums from selling calls.  Let’s use this opportunity to sell calls that also give the stock some room to move higher after earnings.  For those of you not in the position yet, you can use the buy-write details below (second screenshot) to enter the position.

If you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 22.50.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 19.55, so we’ll sell the December 16^th 22.50 calls for around $ 0.65 (you may be able to get $ 0.70).  That makes our cost basis for this trade $ 18.90, or $ 28.62 if you were in all the previous trades.  December 16^th expiration is in 24 days.  Holding until expiration will return 3.3%.  At max gain (stock at $ 22.50 or above) the trade will produce gains of 18.4%.

Recommendation:  Sell to open the BIG December 16^th 22.50 call for a credit of around $ 0.65.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 24 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 22, 2022 - 11:43 am

Trade Alert:

The situation with Comstock Resources (CRK) has been nearly ideal.  Our 18 calls expired last Friday with the stock below $ 17.50. This week, the stock has jumped to over $ 19 while still uncovered (by calls). We can now “capture” some of those gains by selling a call at a higher strike.  You can also use this opportunity to enter the trade as a buy-write if you don’t own shares.

CRK is currently trading at $ 19.27, so we’ll sell the December 16^th 21 calls for around $ 0.65.  That makes our cost basis for this trade $ 18.62, or $ 15.08 if you made the previous trade.  December 16^th expiration is in 25 days.  Holding until expiration will return 3.4%.  At max gain (stock at $ 21 or above) the trade will produce gains of 12.4%.

Recommendation:  Sell to open the CRK December 16^th 21 call for a credit of around $ 0.65.  Sell 1 call for every 100 shares you own or are buying of CRK.  There are 25 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 18, 2022 - 2:10 pm

We have a handful of trades expiring today:

• TUP will expire out of the money
• PR will expire in the money and be called away (although many of you have experienced early exercise)
• CRK will expire out of the money
• BIG will expire out of the money

No action is necessary. We’ll revisit these trades next week.

November 16, 2022 - 1:39 pm

Trade Alert:

Our First Majestic Silver (AG) shares expired in the money last week, and the position was called away.  There’s been a nice rally in silver prices lately, and AG continues to provide solid premiums.  Let’s get back in with a buy-write. This is a good opportunity to enter the trade if you haven’t made any of the previous AG trades.

AG is currently trading at $ 9.16, so we’ll buy the shares and sell the December 16^th 10 calls for a net debit around $ 8.82. That’s our cost basis for the trade (it’s below $ 11 now if you’ve made all the previous trades).  December 16^th expiration is in 31 days.  Holding until expiration will return 3.7%.  At max gain (stock at $ 10 or above) the trade will produce gains of 12.9%.

Recommendation: Buy AG shares and sell to open the December 16^th 10 call for a net debit of around $ 8.82.  Sell 1 call for every 100 shares you are buying of AG.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 15, 2022 - 11:33 am

Weekly Income Accelerator: New Ford Buy/Write

On Friday, our most recent short calls on Ford Motor Company (F) expired in the money and our shares were called away. Ford continues to be an attractive stock for covered all trades, so let’s get a new one started. Here is the trade setup:

• Buy shares of Ford in 100 share lots, one lot minimum. Current price: $ 14.46
• Sell to Open: F Dec 16, $ 15.00 calls, currently priced at $ 0.49 bid/$ 0.50 ask

The combo trade has a tight net spread of $ 13.96 ask/$ 13.98 bid. Set your initial limit at the midpoint of $ 13.97. If you don’t get a quick (within 5 minutes) fill, reset your limit at the net bid.

This trade has a cash return of 3.5% in 31 days. If the calls expire in the money the return will be 7.29%.

November 11, 2022 - 3:10 pm

Expiring Calls

We have three calls expiring today. We will let them all reach a natural expiration:

• GT $ 13.00 calls will expire out of the money
• Ford $ 13.00 calls will expire in the money, earning the max return on the trade
• AG $ 8.50 calls will expire in the money, ditto

We will have replacement trades for these next week.

November 11, 2022 - 2:00 pm

Trade Alert:

Our Cleveland-Cliffs (CLF) calls expired last Friday. The stock is up nearly 9% today so we’re going to take the opportunity to sell more calls. This is a good time to enter the position even if you haven’t made any of the previous CLF trades (second screenshot).

CLF is currently trading at $ 15.18, so we’ll sell the December 9^th 16.50 calls for around $ 0.50.  That makes our cost basis for this trade $ 14.68 (or $ 19.11 if you were in all the previous trades).  December 9^th expiration is in 29 days.  Holding until expiration will return 3.3%.  At max gain (stock at $ 16.50 or above) the trade will produce gains of 12.0%.

As a reminder, we are not concerned with the stock getting called away for a loss at $ 16.50 (if you were in the previous CLF trades). We will simply reenter the position the following week.

Recommendation:  Sell to open the CLF December 9^th 16.50 calls for a credit of around 50 cents.  Sell 1 call for every 100 shares you own or are buying of CLF.  There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 9, 2022 - 11:15 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Last week, Warner Brothers Discovery (WBD) reported Q2 earnings, and the market did not like the results. My read of the results is that the WBD management is taking short term pain to set the company up for long term gains.

The investing public reacts to short term news, and as a result, the WBD share price dropped a bunch last week.

However, we own shares so need to keep selling calls against those shares. I think we can work with relatively short expiration dates and ride any share price recovery to strong total returns.

Here is the trade today:

• Sell to Open: WBD Dec 2, $ 10.50 calls, current pricing, $ 0.29 bid/$ 0.32 ask.

With WBD currently at $ 11.68 and this pricing set your limit near the midpoint, which would be $ 0.30. This trade has a cash return of 3.19% in 23 days. The return from here is 11.94% if the calls expire in the money.

Here is the buy/write trade setup:

November 8, 2022 - 12:04 pm

Trade Alert:

As expected, CCJ shares have recovered to some extent from the lows after the acquisition announcement of Westinghouse Electric. Our calls (that we rolled down in October) have expired for zero, and the share price of CCJ is back above $ 24.  Let’s use this opportunity to sell more calls. This is also a good time to enter the trade as a buy-write if you don’t have a position yet (second screenshot).

CCJ is currently trading at $ 24.30, so we’ll sell to open the December 9^th 26 calls for a credit of around $ 0.85.  If you’ve made the previous trades in CCJ, our cost basis is down to $ 23.95.  For the full buy-write, the net debit for buying the shares and selling the call is around $ 23.45 (which is also the cost basis for this leg of the trade).  December 9^th expiration is in 32 days.  Holding until expiration will return 3.5%.  At max gain (stock at $ 26 or above) the trade will produce gains of 10.5%.

Recommendation:  Sell to open the December 9^th 26 calls for a credit of around $ 0.85. Remember, you can sell one contract for every 100 shares you own or are buying. There are 32 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 3, 2022 - 1:19 pm

Trade Alert (Correction):

GDX should have been called away for most of you, so you can ignore the short call screenshot and go straight to the full buy-write. Also the expiration date is December 2nd, not November 3rd (as we’re not in the business of doing 0 DTE options). I have attached the trade alert below with the appropriate corrections for your convenience and I apologize for any confusion.

Our VanEck Gold Miners ETF (GDX) calls expired last week, but we wanted to wait until after the FOMC results to cover our shares. The Fed isn’t helping us any this week, but GDX options still provide attractive premiums, so let’s get back in. Details can be found below.

GDX is currently trading at $ 22.71, so we’ll sell the December 2nd calls for around $ 0.60. That makes our cost basis for this trade $ 22.11.  December 2nd expiration is in 31 days. Holding until expiration will return 2.6%. At max gain (stock at $ 24 or above) the trade will produce gains of 8.3%.

Recommendation: Buy GDX and sell to open the December 2nd 24 calls for a net debit of around $ 22.11. Sell 1 call for every 100 shares you are buying of GDX. There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 3, 2022 - 12:51 pm

Trade Alert:

Our VanEck Gold Miners ETF (GDX) calls expired last week, but we wanted to wait until after the FOMC results to cover our shares.  The Fed isn’t helping us any this week, but GDX options still provide attractive premiums, so let’s get back in. (We’re also very close to profitability on this position if you’ve made the previous trades.)  This is also a reasonable opportunity to enter the position from scratch if you don’t own any GDX.  Details on either scenario can be found below.

GDX is currently trading at $ 22.71, so we’ll sell the November 3^rd 24 calls for around $ 0.60.  That makes our cost basis for this trade $ 22.11, or $ 23.37 if you made the previous trades.  November 3^rd expiration is in 31 days.  Holding until expiration will return 2.6%.  At max gain (stock at $ 24 or above) the trade will produce gains of 8.3%.

Recommendation:  Sell to open the November 3^rd 24 call for a credit of around $ 0.60.  Sell 1 call for every 100 shares you own or are buying of GDX.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

November 2, 2022 - 10:56 am

Weekly Income Accelerator: Update on Tupperware Brands

I really got it wrong with our covered call trades on Tupperware Brands (TUP).

Today, TUP reported earnings of $ 0.14 per share, badly missing the Wall Street consensus of $ 0.42 per share and the $ 0.41 per share reported for the second quarter.

Here are my two errors and lessons learned.

• I thought the company would be more quickly successful with its “Turnaround Plan” announced earlier this year. For the 2022 first quarter, the company announced a significant improvement in sales and profits. For the second quarter, the results handily beat the Walls Street estimates. Unfortunately, the positive results reversed tremendously for the third quarter, and today we see how the stock market treats stocks that fail to meet expectations.
• We had a TUP covered call expire in the money in August. I wavered on whether to get back into the stock with a new buy/write trade. The very attractive call premiums swayed me. That was a wrong choice. In hindsight, I should have stuck with my original plan.

I don’t have a problem sticking with fallen share prices when the business results remain sound. This week, Goodyear Tire (GT) is in that category. However, when a company shows significant erosion of actual revenue and profits, we need to take our lumps and get out of the stock.

With TUP, I plan to let the share price settle for a day or two, and then we will roll down to an at-the-money call to pick up some premium and hopefully get out of the stock on November 18.

October 27, 2022 - 2:15 pm

Trade Alert:

Big Lots (BIG) has been on a roll lately. The stock price is finally high enough to where we can sell the 20 calls and collect a reasonable premium.  We still have a lot of ground to make up in this position (if you’ve been in the position for all the previous trades), but it’s certainly nice to see positive momentum for a change.  BIG earnings don’t come out until December, so this trade will expire before then. For those of you not in the position yet, you can use the buy-write details below (second screenshot) to enter the position.

If you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 20.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 17.50, so we’ll sell the November 18^th 20 calls for around $ 0.45.  That makes our cost basis for this trade $ 17.05, or $ 29.27 if you were in all the previous trades.  November 18^th expiration is in 24 days.  Holding until expiration will return 2.6%.  At max gain (stock at $ 20 or above) the trade will produce gains of 16.9%.

Recommendation:  Sell to open the BIG November 18^th 20 call for a credit of around $ 0.45.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 24 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

October 25, 2022 - 11:19 am

Weekly Income Accelerator: Selling Goodyear Tire Calls

We have an uncovered position in Goodyear Tire & Rubber (GT) which I would like to sell calls against. Goodyear reports earnings next Monday, on October 31. I think we can make a profitable, short-term trade and still be in good shape, no matter how earnings come out.

Here is the trade:

• Sell to Open: GT Nov 11, $ 13.00 Calls, currently priced at $ 0.35 bid/$ 0.40 ask.

GT currently trades for $ 12.07. The options trade in five-cent increments, so with a nickel bid/ask spread, put your limit price at the bid. In this case it would be $ 0.35.

This trade has a cash return of 2.98% in 17 days. If GT is above $ 13.00 at expiration, the return from here will be 10.92%.

Here is the buy/write trade setup:

October 24, 2022 - 1:38 pm

Trade Alert:

The trade I recommended for the 4-1-1 program is in natural gas producer Comstock (CRK). I like the natural gas space a lot right now, and we can get really nice premiums on this stock.  Let’s add it to our portfolio.

CRK is currently trading at $ 16.63, so we’ll buy the stock and sell the November 18^th 18 calls for around $ 0.90.  That makes our cost basis for this trade $ 15.73.  November 18^th expiration is in 27 days.  Holding until expiration will return 5.4%.  At max gain (stock at $ 18 or above) the trade will produce gains of 13.7%.

Recommendation:  Buy shares of CRK and sell to open the November 18^th 18 call for a net debit of around $ 15.73.  Sell 1 call for every 100 shares you are buying of CRK.  There are 27 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

October 24, 2022 - 1:22 pm

Weekly Income Accelerator Trade: New Intel Buy/Write

For our 4-1-1 option trading series, we asked for attendees to submit trade ideas. Jay and I each picked one to add to the Weekly Income Accelerator trades. Here is the submitted trade on Intel Corp (INTC) I liked the best and now am sending out to all Weekly Income Accelerator subscribers. Here is the trade setup:

• Buy INTC shares in 100 lot increments, one lot minimum, current share price: $ 27.24
• Sell to Open: INTC Nov 25 $ 28.00 strike calls, currently priced at $ 1.17/bid/$ 1.21 ask

The combo trade has a net bid of $ 26.02/net ask of $ 26.07. Place your initial limit price just above the midpoint, which would be $ 26.05.

This trade has a cash return of 4.75% in 32 days. The return goes to 7.4% if the calls expire in the money. INTC also goes ex-dividend on 11/4, which I have not included in the return calculations.

October 20, 2022 - 1:53 pm

Trade Alert:

Our calls expired last week on First Majestic Silver (AG), so the shares are currently uncovered.  We’re seeing a nice 5% increase in the stock price today, which it makes it an opportune time to sell more calls.  You can also use this occasion to enter the trade if you haven’t made any of the previous AG trades.

AG is currently trading at $ 7.82, so we’ll sell the November 11^th 8.50 calls for around $ 0.31.  That makes our cost basis for this trade $ 7.51, or $ 11.30 if you made the previous trades.  November 11^th expiration is in 24 days.  Holding until expiration will return 4%.  At max gain (stock at $ 8.50 or above) the trade will produce gains of 12.7%.

Recommendation: Sell to open the November 11^th 8.50 call for a credit of around 31 cents.  Sell 1 call for every 100 shares you own or are buying of AG.  There are 24 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

October 19, 2022 - 10:51 am

Weekly Income Accelerator: New Buy/Write Trade on Permian Resources

We previously traded covered calls on Permian Resources (PR) when it was known as Centennial Resource Development. The new name is easier to remember and better highlights the company’s business as an upstream energy producer.

For us it’s a low-priced stock that give exposure to energy commodity prices. For this trade, I picked slightly in-the-money calls to generate maximum premium income.

Here is the trade setup:

• Buy shares of PR in 100 share lots, one lot minimum. Shares are currently priced at $ 9.12.
• Sell to Open: PR Nov 18, $ 9.00 calls, currently priced at $ 0.80 bid/$ 0.90 ask.

Place your initial limit price at the natural midpoint, in this case, $ 9.12 minus $ 0.85 equals $ 8.27. Set your limit based on the prices you see in your trade screen.

This trade has a return of 8.3% in 30 days.

October 18, 2022 - 10:08 am

Weekly Income Accelerator Trade: Selling Ford Calls

Let’s sell some calls on our Ford Motor Company (F) shares. Here is the trade:

• Sell to Open: F Nov 11, $ 13.00 calls, currently price at $ 0.32 bid, $ 0.36 ask.

The bid/ask spread should tighten as we enter trades. Place your limit price at the midpoint, which with this pricing would be at $ 0.34.

This trade has a cash return of 2.8% in 24 days. If the calls expire in the money, the return from here is 10.35%.

Here is the buy/write trade setup:

October 14, 2022 - 12:41 pm

Weekly Income Accelerator Expiring Calls

We have three calls expiring today.

• The AG $ 8.50 calls will expire out of the money. Jay will have a follow up trade next week.

On Ford (F) we have two different strike price calls expiring.

• Unless something dramatic happens, the $ 11.50 calls will expire in the money. Let the shares be called away. This add-on trade made us a nifty 4.5% in 14 days.
• The Ford $ 16.00 calls will expire out of the money. Look for the follow up trade next week.

October 13, 2022 - 2:15 pm

Trade Alert:

CCJ shares are down this week after the announcement of a strategic partnerships acquisition of Westinghouse Electric. The company is selling shares at $ 21.95 to help raise money for the deal, hence the drop in price.  I believe this is a brilliant move for CCJ.  Westinghouse Electric services roughly half the nuclear power plants in the world.  Interest in nuclear power is growing like crazy.  Hence, CCJ management is using this acquisition to position themselves at the leading provider of uranium for nuclear power generation.

The drop in the share price is temporary as the company raises funds for the acquisition. The growth picture has only improved for CCJ with this deal.  In the meantime, we can roll our calls down and out.  In other words, we’ll close our 28 calls for a profit and open new ones in November at the 24.50 strike (first screenshot)  This is also a good time to enter the trade as a buy-write if you don’t have a position yet (second screenshot).

CCJ is currently trading at $ 22.31, so we’ll buy to close the October 21^st 28 calls and sell to open the November 4^th 24.50 calls for a net credit of around $ 0.68 (lowering the cost basis to $ 24.80 if you’ve done all the previous trades).  For the full buy-write, the net debit for buying the shares and selling the call is around $ 21.59.  November 4^th expiration is in 23 days.  Holding until expiration will return 3.2%.  At max gain (stock at $ 24.50 or above) the trade will produce gains of 13%.

Recommendation:  Buy to close the October 21^st 28 calls and sell to open the November 4^th 24.50 calls for a net credit of around $ 0.68. If you’re not sure how to enter this trade, just make your trade entry screen look like the first screenshot below. There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

October 12, 2022 - 10:52 am

Weekly Income Accelerator: Selling Invesco Calls

This has not been a good market for asset management firms like Invesco Ltd (IVZ). I hope we can get an upswing in the share price and have the shares called away. Until that happens, we will keep selling calls against the IVZ shares we own. Here is the trade for today:

• Sell to Open: IVZ, Nov 18, $ 15.00 calls, currently priced at $ 0.40 bid/$ 0.50 ask.

Place your initial limit price at the midpoint, which with this pricing would be $ 0.45. Remember that if you need to adjust your limit, it must be at a 5-cent increment.

This trade has a cash return of 3.34% in 37 days. If the calls expire in the money, the return from here is 11.52%.

Here is the buy/write trade setup:

October 11, 2022 - 1:17 pm

Trade Alert:

Our shares in Big Lots (BIG) have been uncovered for quite a while now. There simply hasn’t been a trade I’ve been comfortable with, as the stock was mostly going down.  However, the share price is up nearly 8% today, so we can finally sell a call. We’re going to go very short-term on this trade since BIG only has monthly options and I don’t want to go out 40 days to expiration at this point. For those of you not in the trade yet, you can use the buy-write details below (second screenshot) to enter the position.

If you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 20.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 18.63, so we’ll sell the October 21^st 20 calls for around $ 0.50.  That makes our cost basis for this trade $ 18.13, or $ 29.72 if you were in all the previous trades.  October 11^th expiration is in just 11 days.  Holding until expiration will return 2.7%.  At max gain (stock at $ 20 or above) the trade will produce gains of 10%.

Recommendation:  Sell to open the BIG October 21^st 20 call for a credit of around $ 0.50.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 11 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

October 6, 2022 - 2:33 pm

Trade Alert:

Our Cleveland-Cliffs (CLF) calls expired last Friday. The stock hasn’t rallied, but it’s been stable for the past few days. We’re going to take the opportunity to collect more premium while we wait for the steel industry to rally. This is a good time to enter the position even if you haven’t made any of the previous CLF trades.

CLF is currently trading at $ 15, so we’ll sell the November 4^th 17 calls for around $ 0.48.  That makes our cost basis for this trade $ 14.52 (or $ 19.61 if you were in all the previous trades).  November 4^th expiration is in 30 days.  Holding until expiration will return 3.2%.  At max gain (stock at $ 17 or above) the trade will produce gains of 16.5%.

As a reminder, we are not concerned with the stock getting called away for a loss at $ 17 (if you were in the previous CLF trades). We will simply reenter the position the following week.

Recommendation:  Sell to open the CLF November 4^th 17 calls for a credit of around 48 cents.  Sell 1 call for every 100 shares you are buying of CLF.  There are 30 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 30, 2022 - 11:09 am

Weekly Income Accelerator: Add-on Ford Buy/Write

Let’s do an add-on Buy/Write trade on Ford Motor Company (F). This trade has two advantages. It lets us average down our per share cost basis on Ford. The previous Buy/Write on Ford, earlier this month, was at $ 16.05 per share.

This trade also gives us a quick 4% cash return in two weeks. I am using the same expiration date as our current short Ford shares, so we won’t end up with two separate blocks of the stock, selling different calls on each block.

Here is the trade setup:

• Buy Ford, in 100 share lots, one lot minimum, current price: $ 11.44
• Sell to Open, F Oct 14, $ 11.50 calls, current pricing, $ 0.44 bid/$ 0.45 ask

The combination trade has a bid ask of $ 10.98 bid/$ 11.01 ask. With this pricing, set your limit debit at $ 11.00.

This trade has a cash return of 4.0% in 14 days. If Ford is above .50 at expiration, the return will be 4.54%.

September 28, 2022 - 2:27 pm

Trade Alert:

Our VanEck Gold Miners ETF (GDX) calls expired last week, and we’re getting a really big move higher today in the stock (over 6% as I write this).  The rally in bonds (drop in the dollar) has been a good a thing for gold and gold miners. This is the perfect opportunity for us to sell more calls, or enter the position from scratch if you didn’t make the previous trade.  Details on either scenario can be found below.

GDX is currently trading at $ 23.41, so we’ll sell the October 28^th 24.50 calls for around $ 0.83.  That makes our cost basis for this trade $ 22.58, or $ 23.97 if you made the previous trade.  October 28^th expiration is in 31 days.  Holding until expiration will return 3.6%.  At max gain (stock at $ 24.50 or above) the trade will produce gains of 8.2%.

Recommendation:  Sell to open the October 28^th 24.50 call for a credit of around $ 0.83.  Sell 1 call for every 100 shares you own or are buying of GDX.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 28, 2022 - 11:54 am

Weekly Income Accelerator: Selling Tupperware Calls

Let’s get back our old friend Tupperware Brands (TUP) and sell some calls on our owned shares. This trade has a large upside potential return, so I am going to add another lot to my position with a buy/write trade.

Here is the trade:

• Sell to Open: TUP Nov 18, $ 9.00 calls. Currently priced at $ 0.55 bid/$ 0.70 ask.

As I write this, only one contract has traded today, thus the wide bid/ask spread. I recommend putting your limit price at $ 0.60, which with this pricing should get filled. As always, set your limit based on the pricing you see when you place the trade. I am sure the spread will come in as we submit trades.

This trade has a cash return of 7.97% in 51 days. The total return from here will be 30.4% if the calls expire in the money.

Here is the buy/write trade setup:

September 27, 2022 - 1:13 pm

Trade Alert (Jay):

Our CCJ calls expired last Friday, and the stock is up 4% today – so let’s sell more calls. The overall CCJ position remain profitable despite the market volatility – and premiums are still really attractive.  This is also a good time to enter the trade as a buy-write if you don’t have a position yet.  Details for either scenario can be found below.

CCJ is currently trading at $ 26.16, so we’ll sell the October 21^st 28 calls for around $ 1.02.  That makes our cost basis for this trade $ 25.14, or $ 25.48 if you made the previous CCJ trades.  October 21^st expiration is in 25 days.  Holding until expiration will return 3.9%.  At max gain (stock at $ 28 or above) the trade will produce gains of 10.9%.

Recommendation:  Sell to open the CCJ October 21^st 28 call for a credit of around $ 1.02.  Sell 1 call for every 100 shares you own or are buying of CCJ.  There are 25 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 27, 2022 - 11:20 am

Weekly Income Accelerator: Selling Goodyear Tire & Rubber Calls

The U.S. stock markets have sold off sharply over the last few weeks. The S&P 500 dropped by 11% from September 12 through yesterday, September 26. Our covered call stocks have fallen that amount and more.

From here, using the covered call strategy, we recover in bites. Selling calls caps our potential gains, but those gains are typically 8% to 10% per month, with 2% to 3% of that locked in from the cash from selling the calls.

Let’s start our recovery by selling calls on our shares of Goodyear Tire & Rubber (GT). Here is the trade:

• Sell to Open: GT Oct 21, $ 12.00 calls, currently priced at $ 0.35 bid/ $ 0.45 ask.

GT is currently priced at $ 11.25. With a 10-cent spread, place your limit price at the midpoint. If the spread shrinks to 5 cents, use the bid price.

This trade has a cash return of 3.68%, and if the calls expire in the money, the return from here is 10.59%.

This is a nice trade to size up your position buy adding one or more lots with a buy/write trade.

Here is the buy/write trade setup:

September 21, 2022 - 10:31 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Let’s sell some calls on our current Warner Brothers Discovery (WBD) shares. Here is the trade:

• Sell to Open: WBD Oct 28, $ 14.00 calls, currently priced at $ 0.46 bid/$ 0.51 ask.

WBD is trading at $ 12.80. With this pricing put your limit price just below the midpoint, which would be $ 0.48.

This trade has a cash return of 3.89% in 37 days. The return from here if the calls expire in the money is 13.63%.

Here is the buy/write trade setup:

September 15, 2022 - 1:41 pm

Trade Alert:

Market volatility has settled somewhat, so let’s get back to selling calls on First Majestic Silver (AG).  The stock continues to provide good premiums, and now silver prices seem to have gotten a bit of life.  You can also use this opportunity to enter the trade if you haven’t made any of the previous AG trades.

AG is currently trading at $ 7.79, so we’ll sell the October 14^th 8.50 calls for around $ 0.28.  That makes our cost basis for this trade $ 7.51, or about $ 11.61 if you made the previous trades.  October 14^th expiration is in 30 days.  Holding until expiration will return 3.6%.  At max gain (stock at $ 8.50 or above) the trade will produce gains of 12.7%.

Recommendation: Sell to open the October 14^th 8.50 call for a credit of around 28 cents.  Sell 1 call for every 100 shares you own or are buying of AG.  There are 30 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 14, 2022 - 9:55 am

Weekly Income Accelerator: Selling Ford Calls

On Friday, our short calls on Ford Motor Company (F) expired out of the money. Let’s sell more calls against our Ford shares. Here is the trade:

• Sell to Open: F Oct 14, $ 16.00 calls, currently price at $ 0.32 bid/$ 0.34 ask, with the shares trading at $ 14.83.

With a two-cent spread, you should get filled with a limit order at the midpoint. If you see a one-cent spread, put your limit at the bid price.

This trade has a 2.27% cash return in 30 days. If the calls expire in the money, the return from here is 10.26%.

Here is the buy/write trade setup:

September 9, 2022 - 2:59 pm

We have two short calls expiring today, on Ford Motor Company (F) and Warner Brothers Discovery (WBD). Both will expire out-of-the-money, so there is nothing to do.

I look forward to selling more calls against our shares in these two next week.

September 9, 2022 - 2:47 pm

F, WBD, and AG all have calls expiring today.  It looks like they will all expire for zero.  No action needed.

September 8, 2022 - 2:10 pm

Trade Alert:

Our iShares Silver Trust (SLV) calls expired last week. Premiums in SLV calls are nothing special, but we can still get 2% returns on cash over the next month.  Let’s use this opportunity to sell more calls.   This can also be an entry point for those of you not in the trade.

It is possible we will get called away at expiration for a loss for those who have been in SLV for the last few trades.  That’s okay.  We may then move on to another stock that has more attractive premiums.  However, we’ll revisit the situation closer to expiration.

SLV is currently trading at $ 17.07.  We are selling the October 7^th 17.50 calls for $ 0.35, so the cost basis will be $ 16.72 (or $ 20.70 if you entered this position back in March).  Expiration is in 30 days.  Holding until expiration will return 2.1% if unexercised.  At max gain (stock at $ 17.50 or above) the trade will produce gains of 4.6%.

Recommendation: Sell the SLV October 7^th 17.50 calls for a credit of around $ 0.35.  Sell 1 call for every 100 shares you own or are buying of SLV.  There are 30 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 2, 2022 - 1:30 pm

Trade Alert:

Our Cleveland-Cliffs (CLF) calls expired last Friday, but we’ve been waiting for the stock to go up before selling more calls.  The share price is up about 2% today, so we have the opportunity now to trade. This is a good time to enter the position even if you haven’t made any of the previous CLF trades.

CLF is currently trading at $ 16.90, so we’ll sell the September 30^th 18.50 calls for around $ 0.52.  That makes our cost basis for this trade $ 16.38 (or $ 20.09 if you were in all the previous trades).  September 30^th expiration is in 29 days.  Holding until expiration will return 3.1%.  At max gain (stock at $ 18.50 or above) the trade will produce gains of 12.5%.

Recommendation:  Sell to open the CLF September 30^th 18.50 calls for a credit of around 52 cents.  Sell 1 call for every 100 shares you are buying of CLF.  There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

September 2, 2022 - 11:56 am

This week we have had a merger between Colgate and CDEV.  It officially happened yesterday.  It will be called PR (Permian Resources).  It looks like they are in the process of changing the stock and option symbols. It may take a few days for it all to show correctly in your brokerage account. There is no reason to worry.

August 30, 2022 - 2:44 pm

Trade Alert:

Stocks may be pulling back, but it hasn’t stopped Cameco (CCJ) shares from popping.  Bullish nuclear energy news from Japan has been a boon for uranium stocks. Our CCJ position is now firmly in the black.  Our most recent calls expired last week, so let’s add more. This is also a good time to enter the trade as a buy-write if you don’t have a CCJ position yet.  Details for either scenario can be found below.

CCJ is currently trading at $ 29.38, so we’ll sell the September 23^rd 32 calls for around $ 0.97.  That makes our cost basis for this trade $ 28.41, or $ 26.52 if you made the previous trades.  September 23^rd expiration is in 25 days.  Holding until expiration will return 3.3%.  At max gain (stock at $ 32 or above) the trade will produce gains of 12.2%.

Recommendation:  Sell to open the CCJ September 23^rd 32 call for a credit of around 97 cents.  Sell 1 call for every 100 shares you own or are buying of CCJ.  There are 25 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

August 26, 2022 - 3:33 pm

CCJ looks like it will expire just below our 27 strike, which is perfect.  No action needed. We’ll sell more calls next week.

August 25, 2022 - 2:04 pm

Trade Alert:

Big Lots (BIG) has been volatile this past month, climbing almost to $ 30 before dropping back down to where it is now (around $ 23).  While we prefer the stock to go up, the volatility has definitely been good for higher premiums.  With our calls expiring last week, we are ready to sell more now.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

If you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 25.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 23.16, so we’ll sell the September 16^th 25 calls for around $ 1.10.  That makes our cost basis for this trade $ 22.06, or $ 30.22 if you were in all the previous trades.  September 16^th expiration is in 23 days.  Holding until expiration will return 4.8%.  At max gain (stock at $ 25 or above) the trade will produce gains of 12.7%.

Recommendation:  Sell to open the BIG September 16^th 25 call for a credit of around $ 1.10.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

August 24, 2022 - 2:02 pm

Trade Alert:

I had fully intended to get back into the ELY buy-write, which was called away last week. However, ELY premiums are a little light right now. I think we’ll revisit it at a later date. In the meantime, the VanEck Gold Miners ETF (GDX) is a great covered call opportunity.  I believe gold miners have limited downside risk. Moreover, this is a stock ETF that pays over 3% in premiums for the next month.

GDX is currently trading at $ 25.61, so we’ll buy the stock and sell the September 23^rd 26.50 calls for around $ 0.81.  That makes our cost basis for this trade $ 24.80.  September 23^rd expiration is in 31 days.  Holding until expiration will return 3.2%.  At max gain (stock at $ 26.50 or above) the trade will produce gains of 6.6%.

Recommendation:  Buy shares of GDX and sell to open the September 23^rd 26.50 call for a net debit of around $ 24.80.  Sell 1 call for every 100 shares you are buying of GDX.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

August 23, 2022 - 10:23 am

Weekly Income Accelerator trade alert: A new Buy/Write on Tupperware

I wasn’t really planning to go back to Tupperware Brands (TUP) for more covered call trades, but the current option premiums are too rich to pass up. As I write this the options spreads are very wide, so read the details here before jumping into your brokers trading system.

Here is the trade setup:

• Buy shares of TUP in 100 share lots, one lot minimum, currently priced at $ 11.67.
• Sell to Open: TUP Sept 16, $ 12.00 calls, priced at  $ 0.75 bid/$ 0.90 ask

The buy/write trade has a net bid of $ 10.77 and net ask of $ 10.93. The higher price is the natural fill and is good enough for us on this trade. We want to get into this trade for less than an $ 11.00 debit

Set your pricing at the net ask, which with this pricing would be $ 10.93.

This trade has a cash return of 6.87% in 24 days. If the calls expire in the money the return will be 9.99%.

August 19, 2022 - 2:12 pm

Regarding BIG and ELY (both with calls expiring today):

• ELY will get called away for max gain. No action necessary – we’ll get back into the trade next week.
• BIG pulled back quite a bit today, so we don’t have to worry about rolling it or the position getting called away. We can just let it expire and sell more calls against our shares next week.

August 18, 2022 - 1:20 pm

I goofed up with the Ford covered call write-up. The calls should be a Sell to Open trade.

August 18, 2022 - 12:02 pm

Weekly Income Accelerator: New Ford Buy/Write

Let’s get back into a covered call position on Ford Motor Company (F) with a new buy/write trade. Here is the trade setup:

• Buy Ford shares in 100 share lots, one lot minimum, current price: $ 16.05.
• Sell to Open: F Sep 9, $ 16.50 calls, priced at $ 0.39 bid/$ 0.41 ask.

The trade has a net bid of $ 15.63 and net ask of $ 15.66. Put your limit a penny below the ask at $ 15.65.

This trade has a cash return of 2.49% in 22 days, and the return goes to 5.43% if the calls expire in the money.

August 17, 2022 - 12:52 pm

Weekly Income Accelerator Trade: New Goodyear Tire Buy/Write

Let’s start a new covered call trade on Goodyear Tire & Rubber (GT). Here is the trade setup:

• Buy GT in 100 share increments, one lot minimum. Current price: $ 14.98
• Sell to Open: GT Sept 23, $ 16.00 calls, priced at $ 0.50 bid/$ 0.60 ask.

The combination trade has a midpoint of $ 14.43. I suggest going a couple of cents above the midpoint, which should get you a quick fill. With this pricing, that would put your limit price at $ 14.45.

This trade has a cash return of 3.8% in 37 days. If the calls expire in the money, the return will be 10.8%.

August 12, 2022 - 1:46 pm

We have our short $ 12.50 calls on Goodyear Tire (GT) expiring today and they will be in the money. Let the calls expire and have your GT shares called away. We can get back into this trade next week.

Also, the $ 13.00 calls on Ford Motor (F) company are scheduled to expire today and will be in the money. Many of us had our Ford options exercised and the shares called away earlier in the week.

August 11, 2022 - 10:06 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Last week, the market did not like what it saw from the Warner Brothers Discovery (WBD) second quarter earnings. Our calls that expired on Friday went from in the money on Thursday to out of the money by expiration at the close on Friday.

Let’s sell more calls on your WBD shares. Here is the trade:

• Sell to Open: WBD Sep 9, $ 15.00 calls, current pricing $ 0.38 bid/$ 0.44 ask, with WBD at $ 13.81.

The midpoint with this pricing is at $ 0.41. I suggest setting your limit at $ 0.40 with this large of a bid/ask spread. If the spread narrows, start your limit price at the midpoint or a penny below.

This trade has a cash return of 2.98% in 29 days. If the calls expire in the money, the return from here is 11.85%.

Here is the buy/write trade setup:

August 10, 2022 - 1:41 pm

Trade Alert:

As promised, we are reopening a buy-write on First Majestic Silver (AG).  Despite getting called away with a surprise move into the close last Friday, there’s no reason not to get right back in.  As you can see, the premiums remain robust.  You can also use this opportunity to enter the trade if you haven’t made any of the previous AG trades.

AG is currently trading at $ 8.55, so we’ll sell the September 9^th 9.50 calls for around $ 0.30.  That makes our cost basis for this trade $ 8.25, or about $ 11.89 if you made the previous trades.  September 9^th expiration is in 31 days.  Holding until expiration will return 3.5%.  At max gain (stock at $ 9.50 or above) the trade will produce gains of 14.6%.

Recommendation: Buy AG shares and sell to open the September 9^th 9.50 call for a net debit of around $ 8.25.  Sell 1 call for every 100 shares you are buying of AG.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

August 10, 2022 - 8:56 am

My Aug 12 Ford calls were exercised yesterday. I will wait until next week before we get back into covered call trades on Ford.

August 9, 2022 - 3:41 pm

Several of you have emailed me about AG. Frankly, it caught me off guard when it finished in the money on Friday (last I checked it had been at 7.70). I did not expect it to be called away. It would have been a good rollout candidate, expect the timing was off.  That’s okay. We took a realized loss, but I plan on reentering the trade tomorrow.  The premiums have been very good, and silver has gotten a boost lately, so we’ll just continue with a new buy-write in AG tomorrow.  Sorry for any confusion.

Jay

August 5, 2022 - 3:12 pm

After a volatile week for the stock it looks like our short $ 15.00 calls on Warner Brothers Discovery (WBD) will expire today out of the money. That works for us and I will send out a new covered call trade on our owned shares next week.

August 4, 2022 - 1:15 pm

Trade Alert:

We had our Cleveland-Cliffs (CLF) shares called away last week for max gain.  However, we still have a few bucks to make up in the share price before we are back in the black for the overall position (if you’ve made all the previous trades).  With the stock up over 5% today, let’s get back into a CLF buy-write. This is a good time to enter the position even if you haven’t made any of the previous CLF trades.

CLF is currently trading at $ 18.08, so we’ll sell the August 26^th 19 calls for around $ 0.61.  That makes our cost basis for this trade $ 17.47 (or $ 20.61 if you were in the previous trades).  August 26^th expiration is in 23 days.  Holding until expiration will return 3.4%.  At max gain (stock at $ 19 or above) the trade will produce gains of 8.5%.

Recommendation:  Buy shares of CLF and sell to open the August 26^th 19 calls for a net debit of around $ 17.47.  Sell 1 call for every 100 shares you are buying of CLF.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

August 3, 2022 - 11:27 am

Weekly Income Accelerator: Selling Invesco Ltd Calls

Let’s sell some call option on our uncovered Invesco Ltd (IVZ) shares. Here is the trade:

• Sell to Open: IVZ Sept 16, $ 18.00 calls, currently priced at $ 0.60 bid/$ 0.80 ask.

IVZ currently trades at $ 17.65. Set your initial limit price at the midpoint, which with this pricing would be $ 0.70. The spread should narrow as we send in our trades. You may need to check the pricing a few times if you don’t get a quick fill.

This trade has a cash return of 3.82% in 44 days. If the calls expire in the month, the return from here will be 5.94%.

Here is the buy/write trade setup:

July 29, 2022 - 3:19 pm

Barring a collapse in the market in the next 30 minutes, our CLF shares will get called away.  No action is needed.  We’ll get back into the position next week.

July 29, 2022 - 12:46 pm

Trade Alert:

Our iShares Silver Trust (SLV) shares have been uncovered for several weeks due to the lack of premium in the options.  However, the price of silver has finally gotten a boost, and SLV calls are back to having a bit of premium.  Let’s sell more calls on SLV.  This can also be an entry point for those of you not in the trade.

It is possible we will get called away at expiration for a small loss for those who have been in SLV for the last few trades.  That’s okay.  We’ll likely move on to another stock that has more attractive premiums.  We’ll revisit the situation closer to expiration

SLV is currently trading at $ 18.70.  We are selling the August 26^th 19 calls for $ 0.44, so the cost basis will be $ 18.26 (or $ 21.05 if you entered this position back in March).  Expiration is in 29 days.  Holding until expiration will return 2.4% if unexercised.  At max gain (stock at $ 19 or above) the trade will produce gains of 4.0%.

Recommendation: Sell the SLV August 26^th 19 calls for a credit of around $ 0.44.  Sell 1 call for every 100 shares you own or are buying of SLV.  There are 29 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

July 28, 2022 - 2:21 pm

Thanks for all the positive responses! You can scroll down on this page to see the trade I sent this morning, which somehow did not get sent. Fun times!

July 28, 2022 - 2:15 pm

Test text. We run a number of text alert services through this software system. I has become buggy, and today it seems the Weekly Income Accelerator texts are not being sent. If you get this text, let me know at [email protected]

Thanks

July 28, 2022 - 10:12 am

Weekly Income Accelerator: Selling Centennial Resource Development Calls

Let’s sell some calls on our uncovered shares of Centennial Resource Development (CDEV). Option premiums on the upstream energy company are very attractive. CDEV only trades monthly options and your limit price must be at a 5-cent increment. Here is the trade:

• Sell to Open: CDEV Sept 16, $ 7.00 calls. Currently priced at $ 0.45 bid/$ 0.55 ask. CDEV trades at $ 6.51.

If you see a 10-cent spread, put your limit at the midpoint, which with this pricing would be $ 0.50. If the spread has shrunk to 5-cents, use the current bid price.

This trade has a cash return of 7.42% in 50 days. If the calls expire with CDEV in the money, the return from here will be 15.51%.

Here is the buy/write trade setup

July 27, 2022 - 2:58 pm

Trade Alert:

Cameco (CCJ) shares are uncovered after last Friday’s expiration.  The stock price is up 8% today after the company posted strong earnings.  Let’s use this opportunity to sell more calls.  This is also a good time to enter the trade as a buy-write if you don’t have a CCJ position yet.  Details for either scenario can be found below.

If you made the previous CCJ trade, we are aware that there will be a small realized loss if the shares get called away at $ 27.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

CCJ is currently trading at $ 25.06, so we’ll sell the August 26^th 27 calls for around $ 0.90.  That makes our cost basis for this trade $ 24.16, or $ 27.49 if you made the previous trades.  August 26^th expiration is in 31 days.  Holding until expiration will return 3.6%.  At max gain (stock at $ 27 or above) the trade will produce gains of 11.3%.

Recommendation:  Sell to open the CCJ August 26^th 27 call for a credit of around 90 cents.  Sell 1 call for every 100 shares you own or are buying of CCJ.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

July 25, 2022 - 10:49 am

Weekly Income Accelerator: Selling Ford Calls

Last week we had calls on Ford Motor Company (F) expire out of the money. Let’s jump back in and sell calls against our Ford shares. If you don’t own any Ford, this is a nice buy/write covered call trade.

• Sell to Open: Ford August 12, $ 13.00 calls, currently $ 0.50 bid/$ 0.51 ask. Ford is at $ 12.84.

With a one-cent spread, put your limit price in at the bid. You should get a quick fill.

This trade has a cash return of 4.06% in 18 days. If the calls expire in the money our return will be 5.6%.

Here is the buy/write trade setup:

July 22, 2022 - 1:19 pm

It looks like our short $ 13.00 calls on Ford Motor Company (F) will expire out of the money today. There is nothing to do with this position. Look for another Ford trade on Monday.

July 20, 2022 - 2:19 pm

Trade Alert:

Big Lots (BIG) has entered a sideways trend over the last couple weeks. It could remain in a tight range until earnings.  Let’s use this opportunity to sell a call on our uncovered shares.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

If you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 25.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 22.63, so we’ll sell the August 19^th 25 calls for around $ 0.65.  That makes our cost basis for this trade $ 21.98, or $ 31.32 if you were in the previous trades.  August 19^th expiration is in 31 days.  Holding until expiration will return 2.9%.  At max gain (stock at $ 25 or above) the trade will produce gains of 13.4%.

Recommendation:  Sell to open the BIG August 19^th 25 call for a credit of around $ 0.65.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

July 20, 2022 - 11:52 am

Weekly Income Accelerator: Selling Calls on Goodyear Tire & Rubber

Let’s sell some calls against our uncovered position in Goodyear Tire & Rubber (GT). I want to keep the trade fairly short term. The company reports earnings in early August. Here is the trade.

• Sell to Open: GT Aug 12, $ 12.50 calls, currently priced at $ 0.40 bid/$ 0.50 ask. GT is at $ 11.80.

Set your limit price at the midpoint, in this case $ 0.45. If you don’t get a quick fill, check the pricing after about 10 minutes.

This trade has a cash return of 3.5% in 23 days. If the calls expire in the money the return from here will be 9.65%.

Here is the buy/write trade setup:

July 19, 2022 - 3:05 pm

Trade Alert:

For Callaway Golf (ELY), our calls expired for zero last Friday.  The stock price is up today, so let’s sell another call on this profitable position.  You can also use this opportunity to enter the full buy-write trade if you are new to the position. Order details for either scenario can be found below.

ELY is currently trading at $ 21.80.  We are going to sell the August 19^th 23 calls for around 80 cents.  If you’ve made all the ELY trades this year, your cost basis is $ 19.39.  If this is your first ELY trade, your cost basis will be $ 21.00.

August 19^th expiration is in 32 days.  Holding until expiration will return 3.7%.  At max gain (stock at $ 23 or above) the trade will produce gains of 9.2%.

Recommendation:  Sell to open the ELY August 19^th 23 call for a credit of around 80 cents.  Sell 1 call for every 100 shares you own or are buying of ELY.  There are 32 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

July 18, 2022 - 11:53 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

On Friday a significant number of our stocks became uncovered. Let’s get started this week by selling calls on our Warner Brothers Discovery (WBD) shares. Here is the trade:

• Sell to Open: WBD Aug 4, $ 15.00 calls, priced at $ 0.50 bid /$ 0.52 ask. WBD trades at $ 14.16.

You can try to get a fill at the midpoint, which would be  $CONTENT.51. For a quick certain fill, the two-cent spread makes it OK to put your limit at the bid price.

This trade has a cash return of 3.66% in 18 days. If the calls expire in the money, the return from here will be 9.8%.

Here is the buy/write trade setup:

July 8, 2022 - 3:32 pm

Our short $ 14.00 calls on GT will expire today out of the money. There is no action to take.

July 7, 2022 - 2:07 pm

Trade Alert:

We’ve had First Majestic Silver (AG) shares uncovered for a while now.  Silver has been in a downtrend during that period. However, it finally seems like silver (and AG) has found a bottom, so let’s sell calls here.  You can also use this opportunity to enter the trade if you aren’t yet in the position.

If you made the previous AG trade, we are aware that there will be a realized loss if the shares get called away at $ 8.  That’s okay.  We look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

AG is currently trading at $ 7.13, so we’ll sell the August 5^th calls for around $ 0.26.  That makes our cost basis for this trade $ 6.87, or $ 12.19 if you made the previous trade.  August 5^th expiration is in 30 days.  Holding until expiration will return 3.7%.  At max gain (stock at $ 8 or above) the trade will produce gains of 15.9%.

Recommendation:  Sell to open the AG August 5^th 8 call for a credit of around 26 cents.  Sell 1 call for every 100 shares you own or are buying of AG.  There are 30 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

July 7, 2022 - 1:38 pm

Trade Alert:

Commodities appear to have finally halted their slide, so we can start to address our uncovered positions in steel and silver.  Let’s start with Cleveland-Cliffs (CLF), which is up nearly 4% today.  Let’s use this opportunity to sell calls and cover our stock.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

If you made the previous CLF trade, we are aware that there will be a realized loss if the shares get called away at $ 17.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

CLF is currently trading at $ 15.74, so we’ll sell the July 29^th 17 calls for around $ 0.65.  That makes our cost basis for this trade $ 15.09, or $ 21.22 if you were in the previous trade.  July 29^th expiration is in 23 days.  Holding until expiration will return 4.1%.  At max gain (stock at $ 17 or above) the trade will produce gains of 12.1%.

Recommendation:  Sell to open the CLF July 29^th 17 call for a credit of around $ 0.65.  Sell 1 call for every 100 shares you own or are buying of CLF.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

June 28, 2022 - 9:54 am

Weekly Income Accelerator: Selling Invesco Ltd Calls

We have uncovered shares of Invesco Ltd (IVZ) and I want to sell some calls against those shares. The company will report second quarter earnings near the end of July, so at this time, we will sell the short-term July 15 calls. Here is the trade:

• Sell to Open: IVZ Jul 15, $ 18.00 calls, currently priced at $ 0.35 bid/ $ 0.50 ask, with the shares up $ 0.32 to $ 17.67

With the share price up significantly this morning, and these option prices, set your initial limit at $ 0.45. You would quickly get filled at $ 0.40, but let’s try for a few extra dollars. If you don’t get a quick fill (within 20 minutes) check pricing and adjust your limit price.

This trade has a cash return of 2.31% in 17 days, and the return from here is 4.22% if the calls expire in-the-money.

Here is the buy/write trade setup:

June 24, 2022 - 1:46 pm

Trade Alert:

Big Lots (BIG) share price is up nicely today, so let’s use this opportunity to sell calls and cover our stock.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

f you made the previous BIG trades, we are aware that there will be a realized loss if the shares get called away at $ 25.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

BIG is currently trading at $ 22.94, so we’ll sell the July 15^th 25 calls for around $ 0.60.  That makes our cost basis for this trade $ 22.34, or $ 31.97 if you were in the previous trades.  July 15^th expiration is in 22 days.  Holding until expiration will return 2.6%.  At max gain (stock at $ 25 or above) the trade will produce gains of 11.6%.

Recommendation:  Sell to open the BIG July 15^th 25 call for a credit of around $ 0.60.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 22 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

June 23, 2022 - 1:20 pm

Trade Alert:

In Callaway Golf (ELY), our calls expired for zero last Friday.  The stock price is up today, so let’s sell another call.  You can also use this opportunity to enter the full buy-write trade if you are new to the position. Order details for either scenario can be found below.

ELY is currently trading at $ 20.56.  We are going to sell the July 15^th 21.50 calls for around 70 cents.  If you’ve made all the ELY trades this year, your cost basis is $ 20.19.  If this is your first ELY trade, your cost basis will be $ 19.86.

July 15^th expiration is in 23 days.  Holding until expiration will return 3.4%.  At max gain (stock at $ 21.50 or above) the trade will produce gains of 8.0%.

Recommendation:  Sell to open the ELY July 15^th 21.50 call for a credit of around 70 cents.  Sell 1 call for every 100 shares you own or are buying of ELY.  There are 23 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

June 23, 2022 - 10:41 am

Weekly Income Accelerator: Selling Tupperware Calls

It’s time to sell calls against our owned shares of Tupperware Brands (TUP). Here is the trade:

• Sell to Open: TUP August 19, $ 8.00 calls, currently priced at $ 0.60 bid/ $ 0.70 ask.

You should be able to get a fill by putting your limit at the midpoint, in this case, $ 0.65.

With the share price at $ 7.06, this trade has a cash return of 9.24% in 57 days. If the calls expire in the money the return from current pricing will be 23.26%.

Here is the buy/write trade setup. You may consider adding a lot or two to average down your per share cost.

June 22, 2022 - 9:49 am

Weekly Income Accelerator: Selling Warner Brothers Discovery Calls

Let’s sell calls against our owned shares of Warner Brothers Discovery (WBD). Option premium is attractive, allowing us to generate significant cash returns with a short expiration. Here is the trade setup:

• Sell to Open: WBD July 15, $ 15.00 calls, currently priced at $ 0.42 bid/$ 0.52 ask

The wide bid/ask spread should tighten up through the day. As I write this, five contracts have traded at $ 0.50.

Set your initial limit at the midpoint, which with this pricing would be at $ 0.47. Check the current pricing before you pick your limit.

With WBD at $ 14.05, this trade has a cash return of 3.3% in 23 days. If the calls expire in the money, the return from current pricing will be 10.3%.

Here is the buy/write trade setup:

June 21, 2022 - 1:05 pm

Trade Alert:

Cameco (CCJ) shares are uncovered after last Friday’s expiration.  The stock price is up 7% today, so it’s a perfect time to sell more calls.  This is also a good time to enter the trade as a buy-write if you don’t have a CCJ position yet.  Details for either scenario can be found below.

If you made the previous CCJ trade, we are aware that there will be a realized loss if the shares get called away at $ 25.  Once again, we look at the merits of each trade individually.  Furthermore, if the shares get called away, we can simply reenter the position or roll the calls out as needed.

CCJ is currently trading at $ 22.12, so we’ll sell the July 22^nd 25 calls for around $ 0.65.  That makes our cost basis for this trade $ 21.47, or $ 28.39 if you made the previous trades.  July 22^nd expiration is in 31 days.  Holding until expiration will return 2.9%.  At max gain (stock at $ 25 or above) the trade will produce gains of 16%.

Recommendation:  Sell to open the CCJ July 22^nd 25 call for a credit of around 65 cents.  Sell 1 call for every 100 shares you own or are buying of CCJ.  There are 31 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

June 14, 2022 - 11:41 am

Weekly Income Accelerator: Selling Ford Calls

Let’s sell calls against our owned shares of Ford Motor Company (F). Here is the trade setup:

• Sell to Open: F July 22, $ 13.00 calls, priced at $ 0.50 bid/$ 0.52 ask

Place your trade at the midpoint of the bid ask spread, in this case $ 0.51.

With Ford at $ 12.24 per share, this trade has a cash return of 4.25%, and the return climbs to 10.73% of the calls expire in-the-money.

Here is the buy/write trade setup:

June 6, 2022 - 10:49 am

Weekly Income Accelerator: Buy/Write Trade on Goodyear Tire & Rubber

Let’s get back into Goodyear Tire & Rubber (GT) with a new buy/write trade. Here is the trade setup:

• Buy GT in 100 share lots, one lot minimum. Current pricing $ 13.43 bid/ $ 13.44 ask
• Sell to Open: July 8, $ 14.00 calls, priced at $ 0.50 bid/ $ 0.60 ask

The buy/write combination has a net bid/ask of $ 12.83/$ 12.94, with $ 12.885 as the midpoint. With this pricing, set your limit just above the midpoint at $ 12.90.

Set your limit based on the prices you see when placing the trade.

This trade has a cash return of 3.86% in 32 days. The return will be 8.19% if the calls expire in the money.

June 3, 2022 - 12:48 pm

Today we have some short $ 12.50 calls on Goodyear Tire (GT) expiring in the money. I recommend to let the calls expire and have the shares called away. Whenever calls are exercised, we earn the max return possible from when the trade was initiated.

I expect GT will continue to recover from its recent decline and I plan to continue with new covered call trades on the stock.

June 1, 2022 - 1:24 pm

Trade Alert:

Premiums on commodities stocks are extremely robust right now, so it makes sense to take advantage of it.  We’ve had a lot of success with steel stocks in the past, so we’re going to get back into the industry with Cleveland-Cliffs (CLF).  The company has limited downside (it’s already super cheap) and the call premiums are excellent.

CLF is currently trading at $ 22.99, so we’ll buy the stock and sell the July 1^st 24 calls for around $ 1.12.  That makes our cost basis for this trade $ 21.87.  July 1^st expiration is in 30 days.  Holding until expiration will return 4.9%.  At max gain (stock at $ 24 or above) the trade will produce gains of 9.3%.

Recommendation:  Buy shares of CLF and sell to open the July 1^st 24 call for a net debit of around $ 21.87.  Sell 1 call for every 100 shares you are buying of CLF.  There are 30 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

June 1, 2022 - 10:49 am

Weekly Income Accelerator: Selling CDEV calls

Let’s sell some calls against our owned shares of Centennial Resource Development (CDEV). Selling these calls puts us in a profit position based on the original cost of shares. Here is the trade setup:

• Sell to Open: CDEV Jul 15, $ 9.00 calls, current pricing $ 0.50 bid/$ 0.55 ask

Since these calls trade in 5-cent increments, set your limit at $ 0.50. If you see a 10-cent spread when you are ready to place the trade, use the midpoint for your initial limit.

This trade has a 6.43% cash return in 44 days. Based on the current $ 8.26 per share, the return will be 15.83% if the calls expire in the money.

Here is the buy/write trade setup:

May 27, 2022 - 2:17 pm

Correction: I used May 27th in the text for the expiration date instead of the proper expiration of June 17th.  Everything else stays the same. The screenshots from the original were correct. 

Trade Alert:

Our Big Lots (BIG) calls expired last Friday, but we were waiting for earnings today before selling more. The company posted a surprise loss (they blame gas prices) and the stock is down today.  However, the premiums are still robust.  What’s more, the company is a screaming buy right here at a P/E of under 6x.  We’ll continue to sell calls on our shares as long as possible and collect the hefty premiums.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

BIG is currently trading at $ 27.71, so we’ll sell the June 17^th 30 calls for around $ 1.05.  That makes our cost basis for this trade $ 26.66, or $ 32.57 if you were in the previous trade.  June 17^th expiration is in 21 days.  Holding until expiration will return 3.8%.  At max gain (stock at $ 30 or above) the trade will produce gains of 12.1%.

Recommendation:  Sell to open the June 17^th 30 call for a credit of around $ 1.05.  Sell 1 call for every 100 shares you own or are buying of BIG.  There are 21 days until expiration. Anywhere you get filled around this price is fine – just remember to try to get filled at the bid/ask midpoint first before moving your limit price.

Trade Details:

May 27, 2022 - 1:53 pm

Trade Alert:

Our Big Lots (BIG) calls expired last Friday, but we were waiting for earnings today before selling more. The company posted a surprise loss (they blame gas prices) and the stock is down today.  However, the premiums are still robust.  What’s more, the company is a screaming buy right here at a P/E of under 6x.  We’ll continue to sell calls on our shares as long as possible and collect the hefty premiums.  For those of you not in the trade yet, you can use the buy-write details below to enter the position.

BIG is currently trading at $ 27.71, so we’ll sell the May 27^th 30 calls for around $ 1.05.  That makes our cost basis for this trade $ 26.66, or $ 32.57 if you were in the previous trade.  May 27^th expiration is in 21 days.  Holding until expiration will return 3.8%.  At max gain (stock at $ 30 or above) the trade will produce gains of 12.1%.

Trade Details:

May 27, 2022 - 11:28 am

Weekly Income Accelerator: Selling Invesco Ltd Calls

Let’s sell some calls against our uncovered Invesco Ltd (IVZ) position. IVZ options only trade monthly, so we will take the short expiration this time. Here is the trade:

• Sell to Open: IVZ Jun 17, $ 20.00 calls, current pricing $ 0.45 bid/$ 0.50 ask.

IVZ options only trade in 5 cent increments, so set your limit price at the bid. With this pricing that would be at $ 0.45.

With IVZ currently at $ 19.50, the trade has a cash return of 2.36% in 21 days. If the calls expire in the money, the return will be 4.98%.

Here is the buy/write trade setup:

May 26, 2022 - 1:53 pm

Trade Alert:

Our ELY calls expired last Friday, and with the stock up today, now is a good time to sell more calls.  You can also use this opportunity to enter the full buy-write trade if you aren’t in ELY already.  Trade details for either scenario can be found below.

Trade Details:

May 25, 2022 - 11:34 am

Weekly Income Accelerator: Selling Warner-Brothers Discovery Calls

Let’s sell some calls on our uncovered shares of Warner Brothers Discovery (WBD). Here is the trade:

• Sell to Open: June 17, $ 18.00 calls, currently priced at $ 0.64 bid/$ 0.67 ask

Put your limit order at the midpoint or just above the bid price. With these prices I would set my limit at $ 0.65.

From the current $ 17.04 share price, this trade has a cash return of 3.96% in 23 days. If the calls expire in the money, the return will be 9.82%.

Here is the buy/write trade setup:

May 24, 2022 - 1:40 pm

Trade Alert:

SLV is up today, so let’s use this opportunity to sell more calls. You can also enter the full buy-write if you haven’t yet done so.  Trade details for either scenario can be found below.

Trade Details:

May 19, 2022 - 2:16 pm

Trade Alert:

We’re selling calls on our uncovered shares of CCJ. You can also use this opportunity to enter the buy-write if you aren’t yet in the trade.  Details for either case can be found below.

Trade Alerts:

May 19, 2022 - 1:34 pm

Weekly Income Accelerator: Selling Ford Calls

Let’s sell some calls on our existing Ford Motor Company (F) shares. In this market I want to keep expirations short, generating attractive income, and hopefully not letting the share price run away to the upside. Here is the trade:

• Sell to Open: F Jun 10, $ 13.50 calls, currently priced at $ 0.40 bid/$ 0.41 ask

With a one-cent spread, put your limit price at the Bid. With these prices at $ 0.40.

The trade has a cash return of 3.2% in 22 days, and from current pricing an 8.08% gain if the calls expire in the money.

Here is the buy/write trade setup:

May 18, 2022 - 2:10 pm

Weekly Income Accelerator: Selling Goodyear Tire Calls

The market volatility has been rough on share prices. Each day the market makes a different turn. The plan now is to keep expirations shorter and generate premium income cash flows. Short maturities will keep share prices from running away to the upside when we are locked into call option strike prices.

Here is our trade for today on Goodyear Tire and Rubber Co. (GT):

• Sell to Open: GT June 3, $ 12.50 calls, currently priced at $ 0.25 bid/ $ 0.30 ask

Limit prices for these options must be in 5-cent increments. With this pricing that would be at $ 0.25.

The trade has a cash return of 2.5% in 16 days. If the calls expire in the money the return from here will be 9.74%.

Here is the buy/write trade setup:

May 17, 2022 - 1:51 pm

Trade Alert:

We are selling calls against our uncovered shares of AG.  You can also use this opportunity to enter the trade if you haven’t yet done so.  Both scenarios can be found below.

Trade Details:

May 6, 2022 - 3:44 pm

Our AG calls will expire for zero as silver (along with just about everything else) has gotten pummeled this week.  We’ll sell more calls on AG next week. Premiums look to be about 3% for a 30-day call, so plenty of juice to be had will we wait for a recovery .

May 4, 2022 - 11:59 am

I am aware of the steep drop today by Tupperware (TUP). The Q1 earnings report was a big miss compared to expectations. At this point we need to be patient to see where the share price and options prices settle out. I am monitoring the situation closely.

April 27, 2022 - 1:55 pm

Trade Alert:

We are selling calls on our shares of SLV. You can also use this opportunity to enter the full buy-write if you don’t yet have an SLV position.  Details for either scenario below.

Trade Details:

April 27, 2022 - 11:54 am

Weekly Income Accelerator: Selling Goodyear Tire Calls

Let’s sell some calls against our owned shares of Goodyear Tire and Rubber (GT). Option premium is very attractive. I plan to add another lot of GT shares to my position. Here is the trade:

• Sell to Open: GT May 13 $ 14.00 Calls, current price: $ 0.50 bid/ $ 0.60 ask

From current prices (GT at $ 13.20) this trade has a cash return of 3.93%. If the calls expire in the money the return will be 10.23%.

Note: GT reports earnings on May 5. I can’t imagine another negative reaction. That was all priced in from the last earnings release.

Here is the buy/write trade setup:

April 22, 2022 - 2:53 pm

Trade Alert:

We’re opening a brand new buy-write in Big Lots (BIG).  See trade details below (and check out the email for a description of why I chose this trade over using BOX).

Trade Details:

April 21, 2022 - 12:36 pm

Weekly Income Accelerator: New Buy/Write on Warner Brothers Discovery

The newly merged Warner Brothers Discovery (WBD) shares started trading earlier this week. Traders are piling into the options, which makes selling some calls look very attractive.

Let’s do a buy/write trade on WBD to be the bank. Here is the trade setup:

• Buy WBD in 100 share lots, one lot minimum, current price: $ 21.41
• Sell to Open: May 20, $ 22.50 calls, priced at $ 0.98 bid/$ 1.01 ask

Pricing is changing quickly so, as long as the call bid/ask spread is this narrow, put your limit at the natural ask, which with this pricing would be $ 21.45.

The trade has a cash return of 4.79% in 29 days, and climbs to 10.07% if the calls expire in-the-money.

Here is the trade setup using Schwab:

April 21, 2022 - 10:54 am

Weekly Income Accelerator: New Buy/Write on Centennial Resource Development

I want to get another energy stock into the Weekly Income Accelerator rotation. However, the share prices of many stocks in the sector have gone parabolic. That type of stock action does not make for good covered call trading.

Centennial Resource Development (CDEV) is a low-priced energy stock, where the share price shows a more controlled uptrend. Here is the trade:

• Buy CDEV in 100 share lots, one lot minimum. Current price: $ 9.32
• Sell to Open: May 20, $ 10.00 calls, currently priced at $ 0.40 bid/ $ 0.50 ask

Place your initial limit using the call option midpoint, in this case at $ 8.87. If you don’t get filled, it’s ok to use the call bid price, which would be 5 cents higher on the combo trade.

This trade has a cash return of 4.48% in 29 days. If the calls expire in the money, the return would be 12.10%.

Note that a single lot trade returns around 0 of capital. You may want to place a multi-lot trade.

Here is the trade setup:

April 20, 2022 - 1:45 pm

Trade Alert:

We’re opening up a new buy-write on Cameco (CCJ).  Details can be found below.

Trade Details:

April 19, 2022 - 2:18 pm

Trade Alert:

We’re selling ELY calls against the shares we own.  You can also use this opportunity to enter the full buy-write if you aren’t yet in the ELY trade.  Details for either scenario can be found below.

Trade Details:

April 19, 2022 - 10:13 am

Weekly Income Accelerator: Selling Invesco Calls

Let’s sell more calls on our owned shares of Invesco Ltd (IVZ). Here is the trade:

• Sell to open: IVZ May 20, $ 23.00 calls, currently priced at $ 0.30 bid/$ 0.35 ask.

IVZ calls trade in 5-cent increments, so with this pricing put your limit at $ 0.30.

This trade has a cash return of 1.41% in 31 days. If the calls expire in the money, the return would be 8.38% (based on current prices).

Here is the trade setup:

Here is the buy/write trade setup:

April 14, 2022 - 3:39 pm

We have several positions expiring today (remember the market is closed tomorrow).  AR, BOX, and CCJ positions will expire in the money and the shares will get called away.  ELY and IVZ calls will expire for zero.  No action is needed for any of these expiring positions.

April 14, 2022 - 10:06 am

Weekly Income Accelerator: Tupperware Rollout Trade

Tupperware Brands (TUP) is trading just above the $ 20 strike price of the short calls we have expiring today.

For a rollout trade we buy back the current short calls and sell calls with a further out expiration and a higher strike price. Here are the legs of the trade:

• Buy to Close: Apr 14, $ 20 calls, current prices: $ 0.35 bid/$ 0.60 ask
• Sell to Open: May 20, $ 22 calls, priced at: $ 1.00 bid/ $ 1.15 ask

This trade will be a net credit, making us money right off the bat. You can enter the trade one “leg” at a time or do it as a combination trade through your brokerage trading system. Below I have the rollout trade set up through Schwab.

The combination trade has a tremendous wide spread of $ 0.40 bid, $ 0.80 ask, with the midpoint at $ 0.60. With this pricing put your net credit at $ 0.50, which should get you filled.

If you have trouble getting the trade filled, wait until near the end of the market day to buy back the $ 20.00 calls for just over how far the calls are in-the-money.

Remember that the markets close 2 hours early today, and 2:00 pm Eastern.

April 12, 2022 - 1:47 pm

Weekly Income Accelerator: Selling Ford Calls

Our Ford Motor Company (F) calls expired last Friday out of the money. Let’s sell more on our owned shares. Here is the trade:

• Sell to Open: May 6, $ 16.50 calls. The options are priced at $ 0.37 bid/$ 0.39 ask.

With a two-cent spread, put your limit in at the midpoint price.

The trade has a cash return of 2.52% in 24 days. If the calls expire in the money, the return from current pricing will be 9.56%.

If you have the cash, this is a good trade to add another round lot.

Here is the buy/write trade setup:

March 31, 2022 - 2:49 pm

Trade Alert:

We’re opening a brand new buy-write on First Majestic Silver (AG).  See trade details below:

Trade Details:

March 30, 2022 - 11:42 am

I am recommending a new buy/write on American Airlines (AAL). It seems the text system might have glitched and not send the trade. Scroll down to see the trade details.

March 30, 2022 - 11:01 am

Weekly Income Accelerator: New American Airlines Buy/Write Trade

Last week our short calls on American Airlines (AAL) expired in the money and our shares were called away. AAL still has a positive share price trend and very attractive (for selling) option premiums. Let’s get back on the plane with a new AAL Buy/Write trade. Here is the trade setup:

• Buy AAL in 100 share lots, one lot minimum. Current price $ 18.16 bid/$ 18.17 ask
• Sell to Open: AAL April 22, .00 calls. Current price $ 0.62 bid/ $ 0.66 ask

With this pricing the buy/write trade has a midpoint of $ 17.525 and a natural ask of $ 17.55. I suggest you start with a limit price just above the midpoint, which would be $ 17.53. To be more assured of a quick fill, go a penny higher.

This trade has a cash return of 3.65% in 23 days. The return will be 8.44% if the calls expire in the money.

March 29, 2022 - 12:25 pm

Trade Alert:

We are selling more calls against our shares of ELY. You can also use this opportunity to open the trade if you aren’t yet in the ELY position.  Details for either scenario can be found below.

Order Details:

March 25, 2022 - 3:08 pm

Expiring short calls. All of our calls expiring today, on AAL and MT will expire in the money. There is no action to take. Let your calls expire and have the shares called away.

March 24, 2022 - 11:00 am

Weekly Income Accelerator: Selling Goodyear Calls

Today let’s sell some calls against our uncovered shares of Goodyear Tire & Rubber (GT). In February, the GT share price crashed on fears of raw material inflation. The fears were overdone, and Goodyear is a stable, profitable company.

When a stock price drops like GT did, the decline is rapid, and the recovery can be very slow. Covered call trading on this type of price action can be very profitable. The goal is to continue to trade covered calls with steadily higher strike prices.

Here is the trade:

• Sell to Open: GT April 22 $ 14.50 calls. Current pricing: $ 0.40 bid / $ 0.55 ask

With this wide bid/ask spread, you can try to push and set your limit at $ 0.50. If you do, check the pricing often. For a more certain fill, set your limit at $ 0.45. Options on GT must be priced in 5-cent increments. I will use $ 0.45 for the return calculations. The spread will narrow as WIA subscribers make their trades.

The cash return will be 3.36% in 29 days. If the calls expire in the money, the return would be 8.53%, based on the current stock price.

Here is the Buy/Write trade setup

March 23, 2022 - 1:19 pm

Trade Alert:

Our BOX shares were called away last week, so let’s open up a new buy-write.

Trade Details:

March 22, 2022 - 1:15 pm

Trade Alert:

Our SLV position was called away last Friday, so let’s open up a new buy-write.  See trade details below.

Trade Details:

March 22, 2022 - 11:48 am

Weekly Income Accelerator: New Buy/Write Trade on Antero Resources

Last Friday several of our covered call trades expired in the money, leaving us with cash to put back to work. Let’s start with a new Buy/Write on Antero Resources AR). Here is the trade:

• Buy AR in 100 share lots, one lot minimum. Current pricing $ 26.16 bid/ $ 26.17 ask
• Sell to Open the April 14, .00 calls, priced at $ 1.10 bid / $ 1.20 ask.

Set your limit at the stock ask minus the midpoint for the calls, in this case, a net debit of $ 25.02.

The trade has a cash return of 4.4% in 23 days, and climbs to 7.74% if the calls expire in the money.

March 18, 2022 - 2:06 pm

Today, March 18, we have short calls against AR, GT, SLV, ELY, and BOX expiring in the money. It looks like AR and SLV will be in the money. The rest will expire unexercised. There are no actions to take.

March 11, 2022 - 1:13 pm

Weekly Income Accelerator: Selling Invesco Calls

Our last short calls on Invesco Ltd (IVZ) expired on February 18. The share price fell to around $ 18.50, and has now recovered to over $ 20. It’s a good time to sell more calls against the IVZ shares we own.

• Sell to Open: April 14, $ 22.00 Calls, currently price at $ 0.40 bid/ $ 0.50 ask

Set your limit price at the midpoint. With this pricing that would be $CONTENT.45. Check the price on your trade screen before setting your limit price.

This trade has a cash return of 2.26% in 35 days. If the calls expire in the money, the return from current pricing will be 10.7%.

Here is the buy/write trade:

March 9, 2022 - 10:57 am

Weekly Income Accelerator: New Buy/Write on Ford

Let’ open a new buy/write trade on Ford Motor Company (F). Options premium is attractive and the current share price is well below recent levels. Here is the trade setup:

• Buy Ford in 100 share lots, one lot minimum. Current price: $ 16.49 bid/ $ 16.50 ask
• Sell to Open: F April 8, $ 17.00 calls, currently priced at $ 0.80 bid / $ 0.84 ask

Put your initial limit just above the midpoint, which with this pricing would be at $ 15.68.

This trade has a cash return of 5.09% in 30 days, and if the calls expire in the money, the max return is 8.28%.

March 8, 2022 - 1:13 pm

Trade Alert:

We are opening a buy-write in Cameco (CCJ).  Buy the shares and sell the April 14th 27 calls for a net debit of around $ 23.35.

Trade Details:

March 7, 2022 - 11:56 am

Weekly Income Accelerator: Two American Airlines Covered Call trades

The Ukraine-Russia war has hammered airline stocks. However, the high volatility has also pushed up options premiums, so selling calls looks attractive. An end to hostilities would likely cause these stocks to jump higher, so we want to stay with shorter term covered call trades

Today I want to recommend two covered call trades on American Airlines (AAL).

For AAL shares you already own, I want to give some upside to the strike price. Here are the calls to sell:

• Sell to Open: The March 25, $ 16.00 calls, currently priced at $ 0.30 bid / $ 0.32 ask

This trade has a cash return of 2.29% in 18 days and 18.6% from the current pricing if the calls expire in-the-money.

For the new Buy/Write trade I want to go for maximum option premium. This gives us added cash flow and averages down our AAL shares cost.

• Buy AAL shares in 100 share lots, one lot minimum, current price $ 13.77
• Sell to Open: The March 25, $ 14.00 calls, priced at $ 0.89 ask / $ 0.95 bid

The midpoint of the buy/write trade is $ 12.88. With this pricing put your limit at $ 12.89 or $ 12.90.

This trade has a cash return of 7.14% in 18 days. The return will be 8.69% of the calls expire in the money.

To repeat: I am recommending two trades here with different strike prices and the same expiration date. Here are the trade setups

Here is the buy/write with a different strike price:

March 4, 2022 - 3:23 pm

Position Update:

Our HAL calls will expire in the money at close today and the shares will get called away.  No action is necessary on your part.  We’re very likely to reenter the trade next week.  Our current HAL will reach max gain which is an 8.23% return in 31 days.

February 28, 2022 - 1:34 pm

Weekly Income Accelerator: Selling Tupperware Calls

After reporting earnings on February 23, the Tupperware Brands (TUP) share price has started to recover. Option pricing is attractive for continued covered call writing on this stock. Here is the trade to sell calls on TUP shares you own:

• Sell to Open: The April 14, $ 20.00 calls, currently priced at $ 0.70 bid/$ 0.85 ask.

You should get a quick fill with a limit price of $ 0.75. Check pricing when setting your limit. For TUP options, your limit should be at a 5-cent increment.

This trade has a cash return of 4.34% in 45 days. From current pricing, the return will be 15.94% if the calls expire in the money.

Here is the buy/write trade setup:

February 25, 2022 - 12:56 pm

There were a number of us that had our short GOLD calls exercised last night and the shares called away. The stock went ex-dividend today for a huge 10 cent dividend. I guess some computer algorithm playing games. We get the expected outcome, just a week early.

February 25, 2022 - 12:38 pm

Trade Alert:

We’re selling more calls against our shares in BOX.  You can also use this opportunity to enter the full buy-write trade if you don’t own any BOX shares.  Details for either scenario can be found below.

Trade Details:

February 23, 2022 - 2:24 pm

Trade Alert:

We’re selling calls in MT against the shares we own. You can also use this opportunity to enter the full buy-write if you are new to this trade. Details for either scenario can be found below.

Trade Details:

February 18, 2022 - 11:59 am

Weekly Income Accelerator: Tupperware Update

Today’s price action for Tupperware Brands (TUP) shows how rollout out trades to not have shares called away can go bad.

Yesterday I sent a recommendation to roll our $ 16.00 calls expiring today out to the $ 18.00 calls. At the time, TUP traded above $ 18.00. It looked like a smart move at the time.

Now as I write this, TUP is down 4% trading at 7.48. Buying back the $ 16.00 calls today would be cheaper than what we paid to rollout yesterday.

If you are still short the $ 16.00 calls and want to stay on the same pages as those of us who rolled to the $ 18.00 calls, you can Buy to Close the $ 16.00 calls.

If you rolled to the $ 18.00 calls, it looks like we will still have shares on Tuesday. (Market is closed on Monday)

Tupperware reports earnings on Wednesday, February 23. I will wait to see what happens after earnings before recommending another TUP covered call trade.

There are no actions recommended for the other calls we have expiring today. (AR, MT, IVZ, JBLU, BOX, AAL, and GT)

February 17, 2022 - 11:26 am

Weekly Income Accelerator: Tupperware Rollout Trade

WIA subscriber Luke pointed out a rollout trade on Tupperware (TUP) that earns us a few more dollars before our short .00 calls expire tomorrow. Current pricing allows us to buy back the $ 16.00 calls and sell the Feb 18, $ 18.00 calls for a net price of $ 1.75 to $ 1.85.

If TUP closes above $ 18 tomorrow, the rollout will result in an extra $ 20 per contract. Here is the trade setup.

February 14, 2022 - 1:32 pm

Trade Alert:

Let’s open up a buy/write in Callaway Golf (ELY).

Here are the details:

February 11, 2022 - 2:07 pm

Today’s selloff of Goodyear Tire & Rubber (GT) has been brutal. The company reported very good Q4 earnings, but said raw material costs will be $ 700 to $ 800 million higher in 2022. Big surprise, materials will be more expensive in 2022!

I am certain that Goodyear will be able to increase tire prices to maintain profit margins. I suspect the stock will bounce back fairly quickly.

We have $ 23.00 calls expiring next Friday. The shares are trading for less than $ 16.00.

If you have cash available, doing a one-week buy/write selling the 2/18 $ 16.00 calls should allow you to make a few quick bucks. I am not going to track the trade, but I would be very comfortable making that buy/write to average down your GT costs.

February 11, 2022 - 11:22 am

Trade Alert:

Our iShares Silver Trust (SLV) position is uncovered, so let’s sell more calls.  Premiums have ticked back up in recent weeks.  More importantly, our SLV position has paid off like clockwork.  You can also use this opportunity to enter the trade if you aren’t yet in the position.  Details for both scenarios are found below.

Trade Details:

February 4, 2022 - 11:35 am

Weekly Income Accelerator: American Airlines Average Dow Buy-Write

American Airlines (AAL) has tumbled by about $ 5.00 per share since we last acquired shares in early November. The challenges AAL faces – Omicron employee sick-outs and bad weather – will abate and the share price should recover.

Today I am sending a new buy/write trade on AAL. With shares near $ 16, going from one lot to two lots would reduce your average cost from $ 21 to around $ 18.50.

If this call expires in the money, we will book a nice profit on the additional shares. If AAL is below at expiration, we will have a lower cost basis on which to write further calls.

Here is the trade:

• Buy to Open: AAL in 100 share lots. Current price: $ 16.08 bid/$ 16.09 ask
• Sell to Open: February 18, .00 calls, current price: $ 0.32 bid/$ 0.33 ask.

With these tight spreads, it’s OK to put your limit price at the net Ask, which would be $ 15.77

This trade has a cash return of 2.0% in 14 days. The return will be 7.93% if the shares are called away.

February 2, 2022 - 10:46 am

Weekly Income Accelerator: Selling GOLD Calls

On Friday our most recent short calls on Barrick Gold Corp. (GOLD) expired out of the money. Gold, the metal and GOLD, the share prices are in a slow recovery off November-December pullback. It’s time to sell more calls backed by our GOLD shares.

Here is the trade:

• Sell to Open: GOLD Mar 04, $ 20.00 calls, current pricing: $ 0.34 bid/$ 0.41 ask

At the time of writing, the bid/ask spread was quite wide. It should narrow as we place our trades. Set your limit at or one cent below the midpoint. In this case that would be $ 0.36.

The trade has a cash return of 1.91% in 30 days. The return from current pricing will be 6.66% if the calls expire in the money.

Here is the buy/write trade setup:

February 1, 2022 - 12:09 pm

Trade Alert:

We’re opening a buy/write in HAL.

Trade Details:

January 28, 2022 - 11:44 am

Two Weekly Income Accelerator open short call positions expire today. With the recent drop in gold the commodity, our $ 19.50 GOLD calls will expire out of the money. Look for another call recommendation on GOLD next week.

Natural gas has spiked higher and our UNG short $ 13.00 calls will expire in the money for a max gain on this trade.

January 28, 2022 - 11:43 am

Trade Alert:

Our JBLU calls expired last Friday, so we’re ready to sell more.  You can also use this opportunity to enter the full buy/write trade if you haven’t yet done so.  Both scenarios are shown below.

Trade Details:

January 27, 2022 - 11:05 am

Weekly Income Accelerator: Selling Antero Resources Calls

Last week our short calls on Antero Resources (AR) expired out-of-the-money. Option premiums on AR remain very attractive. Here is today’s trade:

• Sell to Open: AR March 18, $ 21.00 calls. Current pricing: $ 0.85 bid/$ 1.05 ask.

These calls have a very wide spread. It will narrow as we send in trades. With the 20-cent spread, and midpoint at $ 0.95, I recommend setting your limit order at $ 0.90. That should get a fill. Please check the pricing as you set your limit.

This trade has a cash return of 5.18% in 50 days. The return from here jumps to 20.89% if the calls get exercised.

Here is the buy/write trade setup:

January 26, 2022 - 2:36 pm

Trade Alert:

Our BOX calls expired last week, so let’s sell more calls against our uncovered  shares.  You can use this opportunity to enter the trade from scratch if you aren’t yet in the position.  Trade details for either scenario can be found below.

Details:

January 21, 2022 - 1:37 pm

We have four positions expiring today (AR, HAL, JBLU, BOX).  We will let all them expire (or get called away in the case of HAL) – no action is necessary.

January 20, 2022 - 12:38 pm

Weekly Income Accelerator: Selling Tupperware Calls

A sharp-eyed subscriber checked on my assertion and found I had goofed about when Tupperware Brands (TUP) will announce fourth-quarter earnings. It will be around March 10 and not next week.

With that new-to-me knowledge, let’s sell some calls against our TUP shares:

• Sell to Open: TUP February 18, .00 calls, currently priced at $ 0.45 bid/$ 0.55 ask.

Put your limit order in at the midpoint, in this case $ 0.50. TUP calls trade in 5-cent increments, so if you need to adjust your limit price, do so a nickel at a time.

From the current price, the short calls give a 3.12% yield in 29 days. The return if exercised will be 11.11%.

Here is the buy/write trade setup:

January 19, 2022 - 11:39 am

Trade Alert:

We’re opening up a new buy/write in Arcelormittal (MT).  Buy the shares and sell the February 18th 38 calls for a net debit of around $ 34.80.  See details below.

Trade Details:

January 14, 2022 - 1:44 pm

MT shot higher this past week and is now trading at over $ 36 per share.  That means our position (which is short at the 32 strike) will definitely get called away for max gain on the trade.  No action is necessary.  Your broker will take care of it all this weekend.  We’ll look to get into a new position next week.  We may get back into MT or it may be a new stock altogether.  Stay tuned!

January 13, 2022 - 11:43 am

Weekly Income Accelerator: New Buy-Write Trade on Invesco Ltd.

Financial sector firm Invesco Ltd. (IVZ) is nicely profitable, has a relatively stable share price, yet carries attractive call option premiums. We even have the opportunity to pick up a dividend payment. Here is the trade setup:

• Buy IVZ in 100 shares lots, one lot minimum. Current price: $ 25.13
• Sell to Open: February 18, $ 26.00 calls, priced $ 0.60 bid/$ 0.70 ask.

With this pricing the midpoint of the combination trade is $ 24.47. To help get your order quickly filled, set your limit a couple cents, higher, in this case at $ 24.49.

The trade has a cash return of 2.65% in 36 days. If the calls expire in the money, the return will be 6.2%. If Invesco follows its pattern, the stock should go ex-dividend just before the calls expire. If that happens, the cash return will be 3.34%.

January 12, 2022 - 11:36 am

Weekly Income Accelerator: New American Airlines Buy/Write Trade

Last Friday, or most recent short calls on American Airlines (AAL) expired in the money and were exercised. AAL remains attractive for covered call trades. The share price should continue to go higher as the airlines work through the current omicron challenges, and the option premiums are very attractive.

Here is the new trade:

• Buy shares of AAL in 100 share lots – one lot minimum. Current share price $ 18.68
• Sell to Open the AAL Feb 18 $ 20.00 calls, currently priced at $ 0.64 bid/$ 0.68 ask.

Put your initial limit order at just above the midpoint, in this case at $ 18.03.

The trade has a cash return of 3.66% in 37 days. The return will be 10.98% if the calls expire in the money.

January 11, 2022 - 11:28 am

Weekly Income Accelerator: Goodyear Tire & Rubber Buy/Write Trade

This is the first of several trades this week for Weekly Income Accelerator.

The Goodyear Tire & Rubber Company (GT) is nicely profitable with a growing business and the ability to pass along cost increases to customers. Call premiums are very attractive. Here is the trade:

• Buy GT in 100 share lots. Current price: $ 21.57
• Sell to Open: The February 18, $ 23.00 Calls, pricing: $ 0.85 bid/$ 0.95 ask.

With this pricing, set your limit at the stock price, minus the call option midpoint. The math gives a limit price of $ 20.67.

The trade has a cash return of 4.35% in 38 days. If the calls expire in the money we earn 11.27%.

January 3, 2022 - 12:57 pm

Weekly Income Accelerator: Selling U.S. Natural Gas ETF Call Options

The U.S. Natural Gas ETF (UNG) continues to carry attractive call premium, allowing us to generate great cash returns with shorter term trades. The call which expired on Friday gave us a 5.5% return in 21 days. Here is the next UNG trade:

• Sell to Open: the UNG Jan 28, $ 13.00 calls, current pricing $ 0.53 bid/$ 0.58 ask.

A limit order near the midpoint should get filled. With this pricing I would start with a limit price of $ 0.55.

The trade has a cash return of 4.63% in 25 days. If the calls expire in the money the return from here is 9.51%.

Here is the Buy/Write trade setup:

December 31, 2021 - 1:03 pm

Expiring Weekly Income Accelerator trades for December 31.

• It looks like the Ford (F) $ 20.00 calls will expire in the money. If that occurs we earned the maximum 7.23% return in 31 days.
• The U.S. Natural Gas ETF (UNG) $ 13.00 calls will expire out of the money. The calls produced a 5.5% cash return in 21 days. UNG call premium continues to be very rich, so I expect to keep selling 2 to 3 week calls until UNG closes at expiration above $ 13.00.

We still have uncovered Tupperware (TUP) shares. The share price has been creeping higher. I will send out a new covered call trade for our TUP shares next week.

December 30, 2021 - 1:12 pm

Trade Alert:

We are selling more calls against our SLV shares. You can also use this opportunity to enter the trade if you don’t yet hold a position in SLV. Trade details for either scenario can be found below.

Trade Details:

December 28, 2021 - 10:37 am

Weekly Income Accelerator: Selling Barrick Gold Calls

Our last short calls on Barrick Gold Corp. (GOLD) expired on December 10. Since then, the prices of GOLD shares and gold, the metal have moved higher. Not a lot higher, but the trend has been positive.

I don’t like to leave Weekly Income Accelerator stock shares uncovered for long. The goal of the service is to generate option premium income. Let’s sell some calls on Barrick Gold.

• Sell to Open: the January 28, $ 19.50 GOLD calls. Current pricing is $ 0.32 bid/$ 0.35 ask

With this pricing, you should get filled with a limit price set at $ 0.33. Always check current pricing when you set your limit price.

Based on current pricing, this trade has a cash return of 1.8% in 31 days. If the calls expire in the money, the return from here will be 6.49%.

Here is the buy/write trade

December 23, 2021 - 12:36 pm

I am sure you are aware that we have uncovered stock positions in TUP and GOLD. I did not want to initiate new covered call trades during this holiday shortened and quite volatile week. I will be watching option prices closely next week and hope to get one or both of these positions covered.

December 16, 2021 - 1:23 pm

Trade Alert:

Finally HAL has a reasonable up day, so we can sell calls against our shares.  You can also use this opportunity to open the trade from scratch if you don’t own the stock. Entry details for either scenario can be found below.

Trade Details:

December 14, 2021 - 12:06 pm

Weekly Income Accelerator Selling American Airlines Calls

It’s time to cover our uncovered American Airlines (AAL) shares. Option premium is good, so we can earn a decent cash return with some good upside to the strike price. Here is the trade:

• Sell to Open: Jan 7, $ 18.50 calls, currently priced at $ 0.43 bid/$ 0.47 ask

With this pricing set your limit a penny above the bid, or at $ 0.44.

This trade has a cash return of 2.62% in 24 days. If the calls expire in the money the return from here is 10.3%.

Here is the buy/write trade setup:

December 10, 2021 - 3:12 pm

I haven’t forgotten about HAL, which remains uncovered. I am looking to do a trade on Monday or Tuesday, depending on market conditions.

December 10, 2021 - 1:57 pm

Today we have expiring short calls on AAL and GOLD. Both will expire out of the money. Look for new trades on these shares next week.

December 10, 2021 - 10:18 am

Weekly Income Accelerator: New Buy/Write on UNG

The recent decline in the price of natural gas and the bulk of winter ahead of us makes a natural gas focused covered call trade very attractive. For this trade use the U.S. Natural Gas ETF (UNG).

Be advised that UNG is a K-1 reporting investment, so don’t follow this trade if you don’t want the extra tax work from a K-1.

Here is the trade setup:

• Buy UNG in 100 share lots. Current price is $ 12.58
• Sell to Open: Dec 31, .00 calls, priced at $ 0.64 bid/$ 0.68 ask

The combination trade has a midpoint price of $ 11.92. With this pricing place your initial limit order one-cent above the mid-price, at $ 11.93.

This trade has a 4.5% cash return in 21 days. If the calls expire in the money, the return jumps to 9.0%.

December 8, 2021 - 11:29 am

Trade Alert:

The market has recovered a bit from its recent sell off, with ArcelorMittal (MT) rebounding sharply this week.  That makes it a good time to sell more calls against our shares (our previous calls expired last Friday).  Or, you can use this opportunity to enter the trade if you aren’t yet holding MT.  Trade details can be found below.

Trade Details:

December 2, 2021 - 12:52 pm

Trade Alert:

With JBLU up 6% today, it’s time to sell more calls against our shares.  You can also use the opportunity to enter the trade if you don’t already own JBLU shares. Trade details for either case can be found below.

Trade Details:

December 1, 2021 - 11:18 am

Trade Alert:

We are selling more calls against our shares of BOX.  You can also use this opportunity to enter the trade.  Details for either scenario can be found below.

Trade Details:

November 30, 2021 - 11:13 am

Weekly Income Accelerator: New Ford Buy/Write

A lot of us had our last Ford Motor Co (F) calls exercised early, before the stock went ex-dividend on November 18. Anyone who didn’t get the early exercise, saw the $ 16.50 calls expire in the money on Friday.

Ford continues to look good as a covered call stock, so let’s get back in with a new buy/write trade. Here is the trade setup:

• Buy shares of Ford in 100 share lots. Current pricing is $ 19.42 bid/$ 19.43 ask
• Sell to open: Ford, December 31, $ 20.00 calls. Currently priced at $ 0.75 bid/$ 0.80 ask

The combination trade is priced at $ 18.62 bid/ $ 18.68 ask, with the midpoint at $ 18.65. With this pricing place your limit just higher than the midpoint, $ 18.66.

The trade has a cash return of 4.12% in 31 days, and if the calls are exercised, the return would be 7.23%.

November 24, 2021 - 12:53 pm

Given the amount of people away from their screens today and the lack of market liquidity, we’ll be waiting until next week to sell calls against our JBLU and BOX shares. So, go enjoy Thanksgiving and we’ll get back to trading next week!

November 23, 2021 - 10:28 am

Weekly Income Accelerator: Selling Antero Resources Calls

Last Friday, our short calls on Antero Resources (AR) expired out of the money. Option premium on this natural gas producer remains very attractive. Let’s sell more calls.

• Sell to Open: AR Jan 21, $ 22.00 Calls. Current pricing is $ 1.15 bid/$ 1.35 ask.

Put your limit in at the midpoint, in this case $ 1.25. With the wide spread, you need to monitor the pricing and possibly adjust. Your limit price needs to be on a 5-cent increment.

This trade has a cash return of 6.95% in 59 days. If the calls are exercised, the return from current pricing will be 27.46%.

Here is the buy/write trade setup. You may want to consider sizing up your postion in AR.

November 19, 2021 - 3:45 pm

One more position, JBLU, will have calls that expire out of the money today.  No action is necessary.

November 19, 2021 - 2:46 pm

Our short calls on AR and BOX expire today. Both will be out of the money, so there is no action to take.

November 17, 2021 - 1:09 pm

Trade Alert:

We’re opening up a new buy/write in SLV since our position got called away last week for max gain.  See trade details below.

Trade Details:

November 17, 2021 - 12:01 pm

A reminder that our November live session will be on Thursday, November 18 starting at 8:00 p.m. eastern. Click here to sign up.

November 8, 2021 - 10:59 am

Weekly Income Accelerator: Selling GOLD Calls

Leaving our Barrick Gold (GOLD) shares uncovered last week let us benefit from the earnings report and 6.7% increase in the share price for the week.

The price of gold the commodity seems to have again moved above $ 1,800 which should be positive for GOLD the stock. It’s time to sell more calls against the shares we own. Here is the trade:

• Sell to Open: GOLD Dec 10, $ 20.50 calls, current pricing $ 0.28 bid/$ 0.32 ask

With this pricing put your limit order in at the midpoint, $ 0.30. The calls are thinly traded, so you may need to monitor the pricing and adjust your limit.

The trade has a cash return of 1.56% in 32 days. If the calls expire in the money the return will be 6.93% based on the current pricing.

The shares go ex-dividend on Nov 29, paying us an extra $ 0.25 per share.

If you don’t own GOLD shares, here is the buy/write trade setup:

November 4, 2021 - 2:30 pm

Trade Alert:

Let’s add a new buy/write trade in MT.  Trade details can be found below.

Trade Details:

November 3, 2021 - 12:14 pm

Quick clarification, sell the Nov19 $ 22.00 strike price calls in the AR buy/write trade.

November 3, 2021 - 12:01 pm

Weekly Income Accelerator: New Buy-Write Trade on Antero Resources

The Antero Resources (AR) share price offers a way to play the price of natural gas. With winter still ahead, the price of natural gas and the AR share price have strong potential to move higher. AR call options are very attractive for option sellers – that’s us.

Here is the trade:

• Buy AR in multiples of 100 shares (round lots), currently priced at $ 21.11
• Sell to Open: AR November19 $ 22.00 calls, priced at $ 0.85 bid/$ 0.90 ask

The buy/write trade has a midpoint of $ 20.23, with a six-cent bid/ask spread. With this pricing set your initial Limit-Debit at $ 20.24.

This trade has a 4.3% cash return in 16 days. If the calls expire in the money the trade will return 8.74%.

November 2, 2021 - 11:03 am

Weekly Income Accelerator: Selling American Airlines Calls

Last Friday our short calls on American Airlines (AAL) expired out of the money. Let’s sell more calls backed by our AAL shares and keep the cash flowing. Here is the trade:

• Sell to Open: The AAL Dec 10, $ 21.00 calls. Current pricing is $ 0.57 bid/$ 0.60 ask.

Set your limit price at the bid/ask midpoint, which would be $ 0.58 with this pricing.

The trade has a cash return of 2.99% in 39 days. If the calls expire in the money, the return from here will be 9.1%.

Here is the buy/write trade setup:

October 29, 2021 - 1:21 pm

We have two short call positions expiring today, on AAL and GOLD. Both will expire out-of-the-money. There is nothing you need to do. I will be sending new call option trades on these stocks next week.

October 27, 2021 - 2:05 pm

Trade Alert:

We are opening a new buy/write in HAL.  See trade details below.

Details:

October 25, 2021 - 10:53 am

Weekly Income Accelerator: New Buy-Write on Ford Motor Company

Options premium for covered call trades on Ford Motor Company (F) look attractive. Here is our new buy/write trade on Ford:

• Buy Ford in 100 share lots, one lot minimum. Current share price: $ 16.10.
• Sell to Open: Ford Nov 26 $ 16.50 calls, current price $ 0.55 bid/$ 0.58 ask

The buy/write trade as a midpoint of $ 15.535, and you should be able to get a fill with a Limit-Debit set at $ 15.54. Check the current pricing as you place your order.

This trade has a cash return of 3.6% in 33 days. If the calls expire in-the-money, the return climbs to 6.17%.

October 22, 2021 - 9:40 am

Last night’s live session has been posted to the website. Watch it here.

Before digging in however be sure to sign up for a new live options trading training session on November 11th. Jay and the traders at Predicting Alpha will show you how you can get on the other side of every trade just like the professionals for more consistent wins and considerably less risk. Click here for details and to register.

October 21, 2021 - 10:34 am

Join Tim and Jay tonight for the Weekly Income Accelerator monthly live strategy session at 8:00 p.m. eastern. You’ll get updates on trades and current market conditions and you’ll be able to ask your questions with Tim and Jay.

Click here to register and to receive the link to attend. See you there!

October 20, 2021 - 1:06 pm

Trade Alert:

Our BOX shares got called away for max gain last week, so we are adding a new BOX buy/write trade here. See details below.

Trade Details:

October 20, 2021 - 12:18 pm

Weekly Income Accelerator: Selling Tupperware Calls

On Friday, several of our covered call trades expired, with the TUP calls doing so out-of-the-money. Today, let’s get started to replace last week’s expirations.  First up will be Tupperware Brands (TUP). Here is the trade:

• Sell to Open: the TUP December 2021 $ 25.00 calls. Current pricing is $ 1.60 bid/$ 1.70 ask.

With this pricing put your limit at .65. TUP is one of those stocks where you need to have your limit price at a 5-cent increment.

With TUP currently at $ 23.67, this trade has a cash return of 6.97% in 53 days, and if the call expires in-the-money the return will be 13.5%.

If you don’t own shares of TUP, here is the buy/write trade setup:

October 15, 2021 - 2:16 pm

We have three trades expiring today – TUP, AR, and BOX.  No action is necessary on any of the three.  AR and BOX will expire in the money, which means we achieve max gain on the trades and the shares will be called away.

October 7, 2021 - 12:01 pm

Weekly Income Accelerator: Selling GOLD Calls

We have uncovered shares of Barrick Gold (GOLD) and today I recommend selling calls against those shares. The GOLD price is down along with the precious metal. Selling calls lets us continue to generate returns on the shares. I want to stay short-term on the calls and sell calls to generate attractive cash income. As I write this GOLD is priced at $ 18.54

• Sell to Open: GOLD Oct 29, 19.00 calls, priced $ 0.33 bid/$ 0.37 ask, with the last trade at $ 0.36.

Set your initial limit at the midpoint, in this case, at $ 0.35. Adjust your limit based on the pricing you see at the time you place the trade.

This trade gives a 1.92% cash return in 22 days. If the calls expire in the money, the return will be 4.39%, based on current pricing.

Here is the buy/write trade setup:

October 5, 2021 - 2:39 pm

Trade Alert:

We are selling more SLV calls if you hold the shares, or you can use this opportunity to enter the trade from scratch.  Either scenario’s trade details can be found below.

Trade Details:

September 30, 2021 - 2:14 pm

Trade Alert:

Our calls on European steel giant ArcelorMittal (MT) expired last Friday.  Despite the market selloff this week, MT’s share price has been moving higher. That provides us with a great opportunity to sell more calls.  You can also use this opportunity to enter the trade if you haven’t yet done so.

Trade Details:

September 28, 2021 - 1:03 pm

Weekly Income Accelerator: New Buy/Write Trade on Antero Resources

Natural gas prices continue to move much higher, and Europe is in an energy crisis due to a shortage of natural gas. It is only September and Europe has 33% less gas stored for winter use than during a typical year.

This year natural gas futures price has gone from about .60 per million BTU to a current .67/mmBTU with possible as the weather gets colder.

With this trade I want to do a covered call on anatural gas upstream producer, Antero Resources (AR). Here is the trade:

• Buy AR in 100 share lots. Current pricing is $ 18.50
• Sell to Open: AR Oct 15, .00 calls, priced $ 0.90 bid/ $ 1.00 ask

The midpoint price for the bid/ask trade is $ 17.55. For similar pricing set your limit at the midpoint.

These calls expire in 17 days, and give a 5.41% cash return. If the calls expire in-the-money, the return will be 8.38%. That’s in just 17 days.

September 27, 2021 - 1:23 pm

Weekly Income Accelerator: Selling American Airlines Calls

Last Friday our short American Airlines (AAL) expired just 10 cents out of the money. Today AAL is up nicely, allowing us to sell calls that provide very attractive returns based on the call premium and the strike price compared to what we paid for the shares. Here is the trade:

• Sell to Open: AAL October 29 $ 22.50 Calls. Current pricing $ 0.84 bid/ $ 0.87 ask.

With this spread, set your limit at $ 0.85. As always, check the current bid/ask price when setting your limit price.

This trade has a cash return of 4.07% in 32 days. If the shares are called away, the return jumps to 7.81%, based on the current share price.

If you don’t own AAL shares here is the buy/write setup:

September 24, 2021 - 2:12 pm

Trade Alert:

We’re selling calls on our JBLU shares.  You can also use the opportunity to enter the trade from scratch.  Trade details for either scenario can be found below.

Trade Details:

September 23, 2021 - 12:47 pm

Trade Alert:

We are selling more calls against our HAL shares.  Or, you can use this opportunity to open the full buy/write trade if you don’t yet own HAL shares. Details for either scenario can be found below.

Trade Details:

September 14, 2021 - 2:38 pm

Trade Alert:

We’re getting back to selling calls on BOX (or entering the trade from scratch if you aren’t in it yet).  See trade details below for either scenario.

Trade Details:

September 14, 2021 - 11:04 am

Resend of the Macy’s covered call screenshot. We are selling the Oct 22, $ 21.50 strike price calls.

September 14, 2021 - 10:25 am

Weekly Income Accelerator: New Macy’s Buy-Write Trade

On Friday, the third of three nicely profitable covered call trades on Macy’s Inc. (M) expired in-the-money and our shares were called away. Here is the trade setup:

• Buy Macy’s shares in 100 share lots. Current pricing: $ 20.70 bid/$ 20.71 ask
• Sell to Open: The M October 22, $ 21.50 calls. Pricing: $ 0.98 bid/$ 1.19 ask

The buy/write midpoint is $ 19.62. With this pricing set your initial limit at $ 19.65

This trade has a cash return of 5.49% in 38 days. If the calls expire in-the-money the return will be 9.35%.

September 3, 2021 - 12:44 pm

Weekly Income Accelerator: Expiring UNG Calls

Today our short US Natural Gas ETF (UNG) $ 14.00 calls will expire in-the-money and the shares will get called away over the weekend.

This has been a profitable trade, returning approximately 6% over five weeks, selling calls twice.

I do not plan to do another UNG covered call with the price at these levels.

You do not need to do anything today. Just let your short calls expire.

August 30, 2021 - 1:17 pm

Scroll down for a new GOLD covered call trade.

August 30, 2021 - 1:06 pm

Weekly Income Accelerator: Selling Barrick Gold Calls

Despite the rally in values last week, the price of gold and gold mining stocks remain down for the year and the month-to-date. On this chart, HUI is a gold mining stick index.

For the year-to-date, HUI is down 15%. I first recommended a buy/write trade on Barrick Gold (GOLD) in June, which in hindsight turned out to be near the top of a very short rally to the upside.

I remain bullish for the longer-term potential of gold, silver, and the mining companies. For our GOLD shares, the plan is to continue to sell calls, generating income, and when the share price moves higher, we capture most of the gains.

Our last short GOLD calls expired on August 20. It’s time to sell more calls. Here is the trade:

• Sell to Open: GOLD October 1, $ 21.00 calls. The options are priced at $ 0.24 bid/$ 0.29 ask.

With this pricing, put your limit in at just below the midpoint, which would be $ 0.26.

With GOLD at $ 19.80, this trade has a cash return of 1.33% in 32 days. The return would be 7.47% if the calls are exercised.

If you don’t own GOLD shares, here is the buy/write trade:

August 26, 2021 - 11:06 am

Weekly Income Accelerator: Selling American Airlines Calls

Our last American Airlines (AAL) calls expired last Friday, out-of-the-money. Let’s sell some more calls and collect the premium income. Here is the trade:

• Sell to Open: The AAL September 24, $ 21.50 calls. Current pricing is $ 0.52 bid/$ 0.55 ask.

Set your limit price at the midpoint or just below. With this pricing I suggest a limit of $ 0.53.

The trade has a cash return of 2.71% in 29 days. If the calls expire in the money, the trade returns 10.03%.

If you don’t own AAL, here is the buy/write trade setup:

August 24, 2021 - 2:54 pm

Trade Alert:

We’re selling more calls on MT.  You can also use this opportunity to enter the trade if you aren’t yet in it.  Trade details for either scenario can be found below.

Trade Details:

August 23, 2021 - 12:39 pm

Weekly Income Accelerator: Selling Tupperware Calls

On Friday, several of our covered call trades expired, with all of the calls doing so out-of-the-money. Today, let’s get started to re-cover our Weekly Income Accelerator stock positions. First up will be Tupperware Brands (TUP). Here is the trade:

• Sell to Open: the TUP October 15 $ 25.00 calls. Current pricing is $ 1.20 bid/$ 1.35 ask.

With this pricing put your limit at $ 1.25. TUP is one of those stocks where you need to have your limit price at a 5-cent increment.

With TUP currently at .15, this trade has a cash return of 5.7% in 53 days, and if the call expires in-the-money the return will be 14.15%.

Here is the buy/write trade setup:

August 20, 2021 - 10:30 am

Weekly Income Accelerator: Selling UNG Calls

Our short calls on the US Natural Gas Fund ETF (UNG) expired last Friday. The share price is up today, so let’s sell some short-term calls backed by the held shares. Here is the trade.

• Sell to Open the UNG Sept 3, $ 14.00 calls. Current pricing is $ 0.33 bid/$ 0.39 ask.

Put your initial limit price between the bid and ask. With this pricing I recommend starting at $ 0.35.

Based on the current UNG price of .80, the cash return is 2.5% in 14 days. If the calls are exercised, the return would be 4.0%.

I want to get out of this trade as soon as we can have shares called away. If you don’t own UNG, I am not recommending you start a new position.

August 16, 2021 - 11:15 am

Weekly Income Accelerator: Selling Macy’s Calls

On Friday, Macy’s (M) dropped during the final 90 minutes of the trading day to put our short $ 19.00 calls out of the money, and they expired worthless. From the expired calls we earned a nice 3.0% return in 36 days.

Let’ jump right back in with another Macy’s covered call trade. Here’s the trade:

• Sell to Open, the Sept 10, $ 20.00 calls. Current pricing is $ 0.81 bid/$ 0.91 ask.

Place your limit price a couple cents below the midpoint of the bid/ask spread. With this pricing that would be at $ 0.84. The prices are moving a lot this morning so check back on your open order and adjust your pricing as necessary.

This trade has a cash return of 4.67% and the return jumps to 11.35% of the calls expire in-the-money.

If you don’t own shares of Macy’s, here is the buy/write trade:

August 13, 2021 - 10:44 am

August 12, 2021 - 1:28 pm

Trade Alert:

We’re selling more calls against our SLV shares. You can use this opportunity to enter the trade if you aren’t in the position yet.  Trade details for either scenario can be found below.

Trade Details:

August 6, 2021 - 12:44 pm

Trade Alert:

We’re going to sell more calls today against our shares of HAL. You can also use this opportunity to enter the full buy/write trade if you haven’t yet done so.  Trade details for either scenario can be found below.

Trade Details:

August 3, 2021 - 12:24 pm

July 29, 2021 - 2:46 pm

Trade Alert:

Here’s the trade I recommended in the 5-Day to 0 Challenge yesterday for those of you who didn’t attend. I’ve updated it with today’s prices.  See trade details below.

Trade Details:

July 29, 2021 - 11:43 am

A sharp subscriber (Gary) noted to me that United States Natural Gas Fund^® LP (UNG) is a limited partnership, and will send out Schedules K-1 to investors.

If a K-1 shows Unrelated Business Taxable Income (UBTI) in a qualified retirement account, that account would have to file and pay income tax if the UBTI exceeded ,000 for the year. Because of this I generally recommend to not own K-1 reporting investments in IRA-type accounts.

However, not all limited partnerships generate UBTI. I dug through the UNG prospectus, and the in the tax discussion, it indicated it did not expect to do any of the business activities that would generate UBTI.

If you are following the Weekly Income Accelerator trades in an IRA account, the conservative move would be to skip the UNG trades. The potential to generate UBTI is very small, but it could happen.

July 29, 2021 - 10:07 am

Weekly Income Accelerator: New Buy/Write on U.S. Natural Gas ETF

Yesterday, during the 5 Days to $ 500 Challenge webinar I recommended a nifty short term covered call trade using the U.S. Natural Gas ETF (UNG). I decided to put the trade out to all you Weekly Income Accelerator subscribers so you can also make the trade. Here is is:

• Buy UNG in 100 share round lots. The shares trade for about $ 13.98, so size your trade accordingly.
• Sell to open the August 13, .00 calls, currently priced at $ 0.46 bid/$ 0.49 ask/$ 0.47 last.

With UNG at $ 13.98, set your limit price at $ 13.51. It’s OK to pay a few cents over $ 14 for the UNG shares.

With this pricing the trade has a cash return of 3.47% in 15 days. The return would be 3.62% if the calls expire in-the-money.

July 21, 2021 - 2:04 pm

Trade Alert:

We are selling calls on our MT shares, or you can use this opportunity to enter the trade from scratch.  Trade details for either scenario can be found below.

Trade Details:

July 21, 2021 - 11:05 am

Weekly Income Accelerator: Selling Tupperware Calls

Our Tupperware (TUP) calls expired last Friday, so let’s sell more calls backed by our TUP shares. Here is the trade:

• Sell to Open: TUP August 20, $ 25.00 calls. The current pricing is $ 0.60 bid/$ 0.75 ask.

These are thinly traded options with a very wide spread. With the pricing shown here I suggest putting in a limit price just below the midpoint, in this case $ 0.65. Your limit price must be with a 5-cent increment.

Based on the current TUP price, this trade has a cash return of 3.21% in 30 days. The return jumps up to 23.5% if the shares get called away.

Here is the Buy/Write trade setup:

July 20, 2021 - 11:49 am

Weekly Income Accelerator: Selling Barrick Gold Calls

It’s time to sell some calls against our shares of Barrick Gold (GOLD). Our last calls expired out-of-the-money on Friday. Here is the trade:

• Sell to Open: GOLD August 20, $ 21.50 calls. The options currently trade at $ 0.47 bid/$ 0.50 ask.

As I write this the last calls sold for $ 0.49. With this pricing start with your limit price at $ 0.48.

The cash return is 2.32% in 31 days. If the calls are exercised, based on current prices, the return climbs to 6.17%.

Here is the Buy/Write setup:

July 15, 2021 - 11:42 am

Weekly Income Accelerator: Selling American Airlines Calls

Our short calls on American Airlines (AAL) expired last Friday. It’s time to sell more calls backed by those shares. Here is the trade:

• Sell to Open, the AAL August 20, $ 23.00 calls. The calls are priced at $ 0.48 bid/$ 0.50 ask

With a two-cent spread, put your limit in at the midpoint. If you see a one-cent spread, use the bid price.

Based on the current $ 20.81 share price, this trade has a 2.41% cash return, and 13.2% if the shares get called away.

If you don’t own AAL, you can do a buy/write trade to join in.

July 12, 2021 - 1:23 pm

Trade Alert:

We are selling calls on BOX shares. You can also use this opportunity to open the full buy/write trade if you have not yet done so.  Both trade scenarios are shown below.

Trade Details:

July 12, 2021 - 11:44 am

Weekly Income Accelerator: One More General Electric Covered Call Trade

Last week another round of short calls on General Electric (GE) calls expire out-of-the money.

I have been using GE as a covered call stock since 2018, and I will miss it after it goes through a one-for-eight reverse stock split at the end of July.

We can still sell calls one more time against the GE shares we own. After the reverse split, the option value, strike price and number of shares per contract will adjust for the change in share value.

Here is the trade:

• Sell to Open the GE August 13, $ 13.50 calls. The options current trade at $ 0.36 bid/$ 0.37 ask.

With just a one cent spread, put your limit price at the bid price.