All of our call and put sales are looking fine. FUBO has taken off to the upside at 39.02 this morning. This means we are most likely to collect the 710 call premium on Friday and will be out of the stock at break even. We will have collected 710+150+1530 or 2390.00 in option premiums and will be out of the stock at break even. Not a bad trade
ABUS is trading at 4.15 right now which gives us a 300.00 profit after we collect the 1060 call premium on Friday, assuming that is where it is trading. So, we will have to wait and see where we stand on Friday and Monday
CBAT short put expires 1/15th with a 5.00 strike price so its looking like an easy 420.00 pickup after the close on Friday as the stock is trading at 7.38
Root is another similar to CBAT where the strike is 15.00 and it is trading at 19.53. A pickup of 380.00 on Friday
Vuzi is just below the strike price of 9.00 at 8.95. We will pick up 380.00 after Friday on the short puts. then we will see where the stock price is. On these last 3 we will look at perhaps shorting more puts if the premium is high as I like all three stocks. But on Vuzi we have a gain as our basis is 9.00-.38 or 8.62.
All of the positions are looking great right now
The income trades are solid. What you want to watch on these is the 200 day MA. If high yield goes south then you have to reconsider this approach. Right now, hi yield has been solid
In most of the income trades, we have a nice capital gain along with earning between 5 to 10% on the investment
This approach I am using to investing has taken a while to develop, but it is working out very well for me right now. The swings are minimal (so far), and it has been just plain solid
Risks in the market have not changed, most are political risks as opposed to economic risks right now. I do not expect these to subside anytime soon but to get much worse over the next year or so
This means you have to have objective measures to quantify when it’s time to hedge or lighten up a bit
I will be around most of this morning if anyone has any questions
The post Wedn 1/13/21 morning pre-market comments with breakdown of positions appeared first on Rickj's Handicapping Picks.