Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Expedia (EXPE) Feb Week Four (2/24) 110 Put for around $0.96. You can go as low as $0.86, but please don’t start there and always use limit orders. (Current stock price: $113.47)
TRADE TWO*: Sell to open Gilead Sciences (GILD) Feb Monthly (2/17) 84 Put for around $0.68. You can go as low as $0.62, but please don’t start there and always use limit orders. (Current stock price: $83.63)
*Note that this is an in-the-money put and we intend to accept shares and trade this position for the long term.
TRADE THREE**: Sell to open Visa (V) Mar Week One (3/3) 217.50 Put for around $0.67 and buy to open the V Mar Week One (3/3) 212.50 Put for around $0.33. Set initial credit limit at $0.34. (Current stock price: $227.85)
**If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.