Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Blackstone (BX) Aug Week Two (8/12) 95 Put for around $0.84. You can go as low as $0.72, but please don’t start there and always use limit orders. (Current stock price: $101.94)
TRADE TWO: Sell to open Valero (VLO) Aug Monthly (8/19) 100 Put for around $0.73. You can go as low as $0.66, but please don’t start there and always use limit orders. (Current stock price: $114.01)
TRADE THREE*: Sell to open the Zoom Video Communications (ZM) Aug Week Two (8/12) 95 Put for around $0.71 and buy to open the ZM Aug Week Two (8/12) 90 Put for around $0.35. Set initial credit limit at $0.36. (Current stock price: $108.76)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.