Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open CVS Health (CVS) Jul Monthly (7/15) 91 Put for around $0.50. You can go as low as $0.43, but please don’t start there and always use limit orders. (Current stock price: $93.87)
TRADE TWO*: Sell to open Block (SQ) Jul Monthly (7/15) 57.50 Put for around $0.43. You can go as low as $0.38, but please don’t start there and always use limit orders. (Current stock price: $67.91)
Or…
Sell to open the SQ Jul Monthly (7/15) 57.50 Put for around $0.43 and buy to open the SQ Jul Monthly (7/15) 52.50 Put for around $0.14. Set initial credit limit at $0.29.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.