Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open First Solar (FSLR) Jan Week Two (1/13) 155 Put for around $0.70. You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $163.69)
TRADE TWO: Sell to open Starbucks (SBUX) Jan Week Two (1/13) 103 Put for around $0.47. You can go as low as $0.41, but please don’t start there and always use limit orders. (Current stock price: $105.57)
TRADE THREE*: Sell to open Microsoft (MSFT) Jan Week Two (1/13) 215 Put for around $0.34 and buy to open the MSFT Jan Week Two (1/13) 210 Put for around $0.13. Set initial credit limit at $0.21. (Current stock price: $228.17)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.