Roll your MCHP puts and GDX calls early, for more instant income.

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Homepage Portfolio FAQ Two Money-Making Moves to Make Now We have no options due to expire this Friday but seven options coming up for expiration next week, including covered-call options on VanEck Gold Miners ETF (GDX) and puts on Microchip Technology (MCHP). So, let's avoid the last-minute rush and roll these two trades early to collect more premium income ahead of schedule. Here's what to do ... Actions to Take... 1. Buy to close the GDX April 19, 2024, $35 call option (GDX240419C00035000) and at the same time sell to open the GDX May 17, 2024, $36 call option (GDX240517C00036000) for a net credit of $0.40 or more, good 'til canceled. Note: Aim to buy back your existing call option for about $0.45 or less and sell the new option for $0.85 or more, resulting in a $40 net credit. Consider adjusting your limit prices a bit if needed to get filled. 2. Buy to close the MCHP April 19, 2024, $82.50 put option (MCHP240419P00082500) and at the same time sell to open the MCHP May 17, 2024, $82.50 put option (MCHP240517P00082500) for a net credit of $1.30 or more, good 'til canceled. Note: Aim to buy back your existing put option for about $0.25 or less and sell the new option for $1.55 or more, resulting in a $130 net credit. Consider adjusting your limit prices a bit if needed to get filled. Place these trades right away and stay tuned for more Ultimate Income shortly. Good investing, Mike Burnick Senior Analyst, Ultimate Income Customer Support: 866.385.2076 | support@tradesmith.com Mailbag Questions ©2024 TradeSmith, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of TradeSmith, LLC. This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as researchers and writers. Our work may contain errors and should not be considered personalized investment advice. TradeSmith, LLC does not issue securities recommendations, and no discussion of a particular stock(s) should be interpreted as such. Past, simulated, and/or hypothetical performance of any strategy published by TradeSmith, LLC should not be interpreted as representational of future returns. You shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. TradeSmith P.O. Box 340087 Tampa, FL 33694 Terms of Use Privacy Policy To unsubscribe or change your email preferences, please click here.

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