Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Devon Energy (DVN) Jul Week Two (7/8) 50 Put for around $0.38. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $55.61)
TRADE TWO: Sell to open Applied Materials (AMAT) Jul Week Two (7/8) 85 Put for around $0.61. You can go as low as $0.54, but please don’t start there and always use limit orders. (Current stock price: $92.23)
TRADE THREE*: Sell to open the Netflix (NFLX) Jul Monthly (7/15) 150 Put for around $1.28 and buy to open the NFLX Jul Monthly (7/15) 145 Put for around $0.89. Set initial credit limit at $0.39. (Current stock price: $176.70)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.