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Income Masters Trade Alert: GM, KRE

Let’s book profits on our General Motors (GM) and SPDR S&P Regional Banking ETF (KRE) puts.

GM Apr Week Two (4/9) 57 Put

Current Stock Price: $59.89

Cash in Hand: $2.05

Action: Buy to close the GM Apr Week Two (4/9) 57 Put for around $0.20

Profit: $1.85, or $185 per contract

KRE Apr Week Two (4/9) 66 Put

Current Stock Price: $67.24

Cash in Hand: $1.38

Action: Buy to close the KRE Apr Week Two (4/9) 66 Put for around $0.54

Profit: $0.84, or $84 per contract

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