OPTIONS
Option trading is ideal for investors who want to invest a small amount of capital, have the potential for relatively large gains, and are willing to accept the chance that some options will not be profitable because the stock price does not change by the desired amount within the chosen time interval.
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For all selections, we provide the closing stock price, the recommended strike price and option duration, and the maximum price you should pay for the option.
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We also recommend when the option should be sold, either for a profit or to minimize a loss.
If you purchase an option, you should follow the market very closely as the time for a profitable trade is often very short.
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March 22, 2023
Stock Wealth Safely is selecting a PUT option on GE, strike 90, expiration June 16, 2023.
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GE closed on March 22 at 89.59. The put/call volume is 2.22, the put/call open interest is 1.28, and VIX is 22.3. The last trade was 4.89, the ask is 5.52 and the theoretical value is 5.60. We will place a limit order at 5.70. We will sell if the stock price drops below 86.90.
March 17, 2023
Stock Wealth Safely is selecting a PUT option on GM, strike 33, expiration June 16, 2023.
GM closed at 33.38 on March 17. The Put/Call volume is 0.79, the Put/Call open interest is 0.95, and VIX is 25.5. The last trade was 2.66, ask 2.63 and theoretical value 2.59. We will place a limit order at 2.70. We will sell if the stock price drops below 32.38.
Stock Wealth Safely is selecting a PUT option on STX, strike 60, expiration June 16, 2023.
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STX closed at 61.05 on March 17. The Put/Call volume is 2.82, the Put/Call open interest is 0.96, and VIX is 25.5. The last trade was 4.60, ask 4.70 and theoretical value 4.60. We will place a limit order at 4.75. We will sell if the stock price drops below 59.22.
March 15, 2023
Stock Wealth Safely is selecting a PUT option on WFC, strike 37.5, expiration June 16, 2023.
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WFC closed on March 15 at 38.85. The put/call is 0.88 and VIX 26.1. The last trade was 2.60, the ask is 2.62 and the theoretical value is 2.60. We will place a limit order at 2.65.
Stock Wealth Safely is selecting a PUT option on JPM, strike 130, expiration July 21, 2023.
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JPM closed on March 15 at 128.26. The put/call is 1.06 and VIX 26.1. The last trade was 10.30, the ask is 10.35 and the theoretical value is 10.30. We will place a limit order at 10.40.
March 14, 2023
Stock Wealth Safely is selecting a PUT option on DOW, strike 52.50, expiration July 21, 2023.
DOW closed at 52.29 on March 14. Put/call is 1.04 and VIX 23.7. The last trade was 3.85, ask 3.80 and theoretical value 3.70. We will place a limit order at 3.85.
Stock Wealth Safely is selecting a PUT option on MDT, strike 77.5, expiration June 16, 2023.
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MDT closed at 77.86 on March 14. Put/call is 0.82 and VIX 23.7. The last trade was 4.00, ask 4.10 and theoretical value 4.55. We will place a limit order at 4.60.
March 10, 2023
Stock Wealth Safely is selecting a PUT option on CMA, strike 60, expiration July 21, 2023.
CMA closed on March 10 at 58.81. The put/call is 1.75 and VIX 24.8. The last trade was 5.60, the ask is 8.50 and the theoretical value is 7.40. We will place a limit order at 7.60. We will sell at the market if the stock price drops below 57.05.
March 8, 2023
Stock Wealth Safely is selecting a PUT option on LYV, strike 70, expiration June 16, 2023.
LYV closed at 70.25 on March 8. Put/call is 1.35 and VIX 19.11. The last trade was 4.60, ask 5.00 and theoretical value 4.85. We will place a limit order at 4.90. We will sell if the stock price drops below 68.14.
March 7, 2023
Stock Wealth Safely is selecting a PUT option on SBNY, strike 100, expiration June 16, 2023.
SBNY closed on March 7 at 104.89. The put/call is 7.2 and VIX 19.6. The last trade was 10.90, the ask is 10.90 and the theoretical value is 10.90. We will place a limit order at 11.00. We will sell at the market if the stock price drops below 101.74​.
March 1, 2023
Stock Wealth Safely is selecting a PUT option on VZ, strike 35, expiration June 16, 2023.
VZ closed at 38.30 on March 1. Put/call is 0.93 and VIX 20.6 The last trade was 0.80. ask is 0.82 and theoretical value 0.80. We will place a limit order at 0.85. We will sell if the stock price drops below 37.15 and place a stop if the stock price rises above 40.98.