Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Chewy (CHWY) Feb Week One (2/5) 100 Put for around $1.34. You can go as low as $1.12, but please don’t start there and always use limit orders. (Current stock price: $102.20)
TRADE TWO: Sell to open the Moderna (MRNA) Feb Week Two (2/12) 145 Put for around $1.64. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $162.78)
Or…
Bull Put Spread*: Sell to open the MRNA Feb Monthly (2/19) 130 Put for around $0.98 and buy to open MRNA Feb Monthly (2/19) 120 Put for around $0.56. Set initial credit limit at $0.42.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.