Introductory Comments:
For Fri Mar 15 2024 there are 6 stocks on the watch list. If stocks open lower I should be able to get a lot of the stocks listed below, filled.
Buy To Close Early
Remember to buy to close trades early and don’t leave trades open for a few pennies of profit. Instead, close trades, reduce risk to capital and look for new trades to continue to grow profits.
Make Your Own Watch List
When considering trade opportunities from the FullyInformed Watch List, make your own list first and then review the FullyInformed watch list to pick those stocks that suit your comfort level and meet your portfolio criteria. For example perhaps you prefer just dividend paying stocks in case stocks do move lower. Other investors may be looking for those stocks that pay out good put premiums but are strong enough not to pullback for a short period of time. Make sure you have a plan that focuses on protecting capital as well as making profits.
1) Advanced Micro Devices Stock (AMD)
The stock fell 4% on Thursday to close at $187.06. The Put Options Selling Tool Analysis shows the stock in an uptrend that could be ending. Click here to review the latest Put Options Selling Tool analysis for Advanced Micro Devices. This trade is not for everyone. The stock could continue to fall and reach $175 to $180 before seeing a meaningful bounce. If it does fall I would own shares at put prices I sell at. I already have trades outstanding in AMD but put premiums are exceptional in this pullback.
Next earnings are Apr 30.
Trade Idea 1:
For Mar 22 expiry selling the $170 strike for $1.20 or more and buying the $150 put strike for $0.15 or less to form a credit put spread.
2) Marvell Stock (MRVL)
The stock closed at $66.08. The Put Options Selling Tool Analysis shows the stock is in a downtrend and has a rank of 50 out of 100 which is poor for Put Selling. Put premiums though are excellent and as I would own shares I intend to place this trade.
Next earnings are May 23.
Trade Idea 1:
For Mar 28 expiry selling the $60 put strike for $0.45 or more and buying the $550 put strike for $0.07 or less to form a credit put spread.
3) Deere Stock (DE)
The stock closed at $380.23 and is in an uptrend according to the Put Options Selling Tool Analysis. The stock ranks just 30 out of 100 for put selling. The stock is in an uptrend. This is just a one week trade. Click here to review the latest Put Options Selling Tool analysis for Deere & Company.
Next earnings are May 17.
Trade Idea 1:
For Mar 22 expiry selling the $360 put strike for $0.60 or more and buying the $340 put strike for $0.15 or less to form a credit put spread.
4) Caterpillar Stock (CAT)
The stock closed at $341.92 and is in an uptrend with a Put Selling rank of 100 out of 100. Click here to review the latest Put Options Selling Tool analysis for Caterpillar
Next earnings are Apr 25.
Trade Idea 1:
For Mar 28 expiry selling the $320 put strike for $1.00 or more and buying the $300 put strike for $0.20 or less to form a credit put spread.
5) Lowes Stock (LOW)
The stock closed at $244.63. The stock is in an uptrend that may change according to the Put Options Selling Tool Analysis. The stock ranks at 90 out of 100. Click here to review the latest Put Options Selling Tool analysis for Lowe’s Companies
Next earnings are May 21.
Trade Idea 1:
For Mar 28 expiry selling the $230 put strike for $0.55 or more and buying the $210put strike for $0.10 or less to form a credit put spread.
6) Dick’s Sporting Goods Stock (DKS)
The stock closed at $216.81 The stock soared $29.05 on Thursday after releasing its latest earnings. The gain was 15.47%. I am expecting a bit of weakness today and hope to place this trade.
Next earnings are May 21.
Trade Idea 1:
For Apr 19 expiry selling the $185 put strike for $0.70 or more and buying the $155 put strike for $0.10 or less to form a credit put spread.
Questions? Use ASK TEDDI
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. The author assumes no liability for your investment decisions. Read the full disclaimer.