Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Delta Air Lines (DAL) Feb Week Two (2/10) 38 Put for around $0.51. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $38.86)
TRADE TWO*: Sell to open Microsoft (MSFT) Feb Week Two (2/10) 227.50 Put for around $0.55 and buy to open the MSFT Feb Week Two (2/10) 217.50 Put for around $0.17. Set initial credit limit at $0.38. (Current stock price: $245.48)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.