Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Devon Energy (DVN) Jul Week One (7/1) 55 Put for around $0.77. You can go as low as $0.69, but please don’t start there and always use limit orders. (Current stock price: $64.01)
TRADE TWO*: Sell to open the Blackstone (BX) Jul Monthly (7/15) 70 Put for around $1.04 and buy to open the BX Jul Monthly (7/15) 65 Put for around $0.68. Set initial credit limit at $0.36. (Current stock price: $89.74)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.