Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Delta Air Lines (DAL) Aug Monthly (8/19) 31 Put for around $0.35. You can go as low as $0.30, but please don’t start there and always use limit orders. (Current stock price: $32.79)
TRADE TWO: Sell to open Block (SQ) Aug Week Two (8/12) 74 Put for around $0.45. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $80.88)
TRADE THREE*: Sell to open the Microsoft (MSFT) Aug Monthly (8/19) 260 Put for around $0.74 and buy to open the MSFT Aug Monthly (8/19) 255 Put for around $0.48. Set initial credit limit at $0.26. (Current stock price: $280.99)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.