Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Chewy (CHWY) Aug Week Two (8/13) 90 Put for around $0.75. You can go as low as $0.64, but please don’t start there and always use limit orders. (Current stock price: $91.45)
TRADE TWO: Sell to open the Corning (GLW) Aug Monthly (8/20) 40.50 Put for around $0.45. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $40.78)
TRADE THREE*: Sell to open the Moderna (MRNA) Aug Monthly (8/20) 300 Put for around $2.10 and buy to open the MRNA Aug Monthly (8/20) 290 Put for around $1.56. Set initial credit limit at $0.54. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $384)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.