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Income Masters Trade Alert: MSFT, SBUX

I am recommending we close our Microsoft (MSFT) and Starbucks (SBUX) positions.

There is too much cash on the table with MSFT in a trade open less than 24 hours to pass up this opportunity to book profits.

SBUX is expected to report earnings after the close and I do not want to be exposed. Therefore, I am recommending we close the position now. We will sell another put when the earnings dust settles to reduce our net debit.

MSFT Oct Week Five (10/30) 202.50 Put

Current Stock Price: $205.14

Cash in Hand: $1.50

Action: Buy to close the MSFT Oct Week Five (10/30) 202.50 Put for around $0.85

Profit: $0.65, or $65 per contract

SBUX Oct Week Five (10/30) 85 Put

Current Stock Price: $88.40

Net Debit: $11.75

Action: Buy to close the SBUX Oct Week Five (10/30) 85 Put for around $0.65

New Net Debit: $12.40

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