Cabot Options Institute Income Trader – Alert (GDX, KO)
VanEck Gold Miners (GDX)
As part of the Income Wheel approach, we allowed our GDX calls to expire in the money at expiration last week. As a result, our shares were “called” away at the price of 26, and we locked in 3.87% on the trade.
Today, as our Income Wheel strategy states, we are going to start the Income Wheel approach again in GDX by selling more puts.
GDX is currently trading for 28.03.
Here is the trade:
Sell to Open GDX January 20, 2023, 26 puts for $0.87.
Coca-Cola (KO)
Just like in our GDX trade above, as part of the Income Wheel approach, we allowed our KO calls to expire in the money at expiration last week. As a result, our shares were “called” away at the price of 60, and we locked in 3.75% on the trade.
Today, as our Income Wheel strategy states, we are going to start the Income Wheel approach again in KO by selling more puts.
KO is currently trading for 62.23.
Here is the trade:
Sell to Open KO January 20, 2023, 60 puts for $0.84.
