Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open First Solar (FSLR) May Monthly (5/19) 172.50 Put for around $1.60. You can go as low as $1.45, but please don’t start there and always use limit orders. (Current stock price: $180.30)
TRADE TWO: Sell to open Airbnb (ABNB) May Monthly (5/19) 108 Put for around $1.09. You can go as low as $0.98, but please don’t start there and always use limit orders. (Current stock price: $111.96)
TRADE THREE*: Sell to open 3M (MMM) May Monthly (5/19) 95 Put for around $0.34 and buy to open the MMM May Monthly (5/19) 92 Put for around $0.11. Set initial credit limit at $0.23. (Current stock price: $100.74)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.