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Constant Cash Flow members have now closed 229 winning trades out of 231 trades total. This results in a fantastic 99.1% success rate. Plus, you have six more put options on track to expire at the close Friday, which means you should pocket 100% of the premium income received.
Now, let's take a closer look at the open trades and see what needs to be done. You can access your Constant Cash Flow portfolio here. Be sure to select "Constant Cash Flow" from the Email drop-down menu.
Every week, I'll divide the open portfolio into three sections...
Getting Ready to Cash In: These trades will simply expire and be removed from your portfolio at the end of the day tomorrow. No action is required on your part.
Holding Steady: These trades are playing out as I hoped but are too far from their expiration date to consider them "ready to cash in."
Needs Attention: This section will provide more detail as needed, but the trades in this category are either going in the opposite direction and need to be sold prior to expiration, or I may elect to have them expire in the money and have the shares put to us. From there, I will recommend a covered call you could sell, but I will not follow that covered-call trade in the Constant Cash Flow portfolio.
Each section is organized alphabetically by ticker.
Getting Ready to Cash In
The following trades look ready to expire out of the money tomorrow (Dec. 1, 2023)...
AVGO 1 Dec 23 $860 Put
DG 1 Dec 23 $108 Put
META 1 Dec 23 $275 Put
TMO 1 Dec 23 $400 Put
TSLA 1 Dec 23 $170 Put
TSLA 1 Dec 23 $190 Put
Holding Steady
The following trades continue to play out just as I had hoped...
CHTR 15 Dec 23 $350 Put
CHTR 15 Dec 23 $360 Put
GOOG 15 Dec 23 $115 Put
META 22 Dec 23 $270 Put
MPWR 15 Dec 23 $430 Put
MSFT 15 Dec 23 $325 Put
MSFT 5 Jan 24 $325 Put
MTB 15 Dec 23 $95 Put
PANW 19 Jan 24 $206.67 Put
RMD 15 Dec 23 $110 Put
SMCI 15 Dec 23 $200 Put
SMCI 15 Dec 23 $230 Put
SOXX 15 Dec 23 $460 Put
TSLA 15 Dec 23 $187.5 Put
TSLA 29 Dec 23 $170 Put
TSLA 5 Jan 24 $180 Put
Needs Attention
Based on our trade alert earlier today, you should have closed out your AX 15 Dec 23 $27.5 Put Option. But if you haven't done so already, here's the action to take now: Buy to close your AX 15 Dec 23 $27.5 Put option.
Thank you once again for being part of Constant Cash Flow.
If you're new to Constant Cash Flow, here are a few resources for you:
I highly recommend reading your Quick-Start Guide before diving into your daily trades. In this manual, I'll do a deep dive into the emails you'll receive each week, how to set up your brokerage account to trade options, a complete "Options 101" glossary for the Constant Cash Flow strategy, and more.
A full archive of our weekly updates is available on TradeSmith Finance. Go to the Publications tab, select "Constant Cash Flow" from the Type drop-down menu, and select your desired date range from the Period drop-down menu.
If you have any questions or concerns, reach out to me at emailmikeburnick@tradesmith.com and include "Constant Cash Flow" in the subject line.
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