Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open ConocoPhillips (COP) Jul Week Five (7/29) 80 Put for around $0.68. You can go as low as $0.59, but please don’t start there and always use limit orders. (Current stock price: $87.26)
TRADE TWO: Sell to open Lennar (LEN) Aug Monthly (8/19) 70 Put for around $1.25. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $78.01)
TRADE THREE*: Sell to open the Zoom Video Communications (ZM) Jul Week Five (7/29) 85 Put for around $0.51 and buy to open the ZM Jul Week Five (7/29) 80 Put for around $0.22. Set initial credit limit at $0.29. (Current stock price: $101.06)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.