Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Aug Week One (8/6) 95 Put for around $1.63. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $96.66)
TRADE TWO: Sell to open the Starbucks (SBUX) Jul Week Five (7/30) 122 Put for around $0.70. You can go as low as $0.62, but please don’t start there and always use limit orders. (Current stock price: $122.54)
TRADE THREE: Sell to open the Crocs (CROX) Aug Monthly (8/20) 125 Put for around $3.10. You can go as low as $2.80, but please don’t start there and always use limit orders. (Current stock price: $130.66)
TRADE FOUR*: Buy to open the Microsoft (MSFT) Sept 2022 (9/16/22) 250 Call for around $52.65 and sell to open the MSFT Aug Week One (8/6) 295 Call for around $0.78. Set initial debit limit at $51.87. (Current stock price: $287.57)
*If you are new to LEAP call spreads, please watch my LEAP Call Spreads Coaching Session before entering the trade.
TRADE FIVE**: Sell to open the McDonald’s (MCD) Aug Monthly (8/20) 230 Put for around $0.97 and buy to open MCD Aug Monthly (8/20) 225 Put for around $0.51. Set initial credit limit at $0.46. (Current stock price: $240.06)
**If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.