Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Blackstone (BX) Dec Week One (12/2) 83 Put for around $0.88. You can go as low as $0.78, but please don’t start there and always use limit orders. (Current stock price: $91.32)
TRADE TWO: Sell to open Crocs (CROX) Dec Monthly (12/16) 80 Put for around $1.60. You can go as low as $1.40, but please don’t start there and always use limit orders. (Current stock price: $96.97)
TRADE THREE*: Sell to open Netflix (NFLX) Dec Week Two (12/9) 260 Put for around $2.60 and buy to open the NFLX Dec Week Two (12/9) 255 Put for around $2.06. Set initial credit limit at $0.54. (Current stock price: $297.35)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.