While there is no Live Trading Session today, let’s put some capital to work in two names we’ve traded successfully numerous times in the past.
SPDR S&P Biotech ETF (XBI)
Current Stock Price: $87.84
Action: Sell to open XBI Jun Monthly (6/16) 86 Put for around $0.97. You can go as low as $0.91, but please don’t start there and always use limit orders.
Starbucks (SBUX)
Current Stock Price: $98.08
Action: Sell to open SBUX Jun Week Two (6/9) 97 Put for around $0.42. You can go as low as $0.37, but please don’t start there and always use limit orders.