Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Corning (GLW) Nov Week One (11/6) 30 Put for around $0.38. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $32.06)
TRADE TWO: Sell to open the Microsoft (MSFT) Oct Week Five (10/30) 202.50 Put for around $1.50. You can go as low as $1.40, but please don’t start there and always use limit orders. (Current stock price: $205.40)
TRADE THREE: Sell to open the Crocs (CROX) Nov Monthly (11/20) 50 Put for around $1.75. You can go as low as $1.60, but please don’t start there and always use limit orders. (Current stock price: $53.81)
TRADE FOUR*: Sell to open the United Parcel Service (UPS) Nov Monthly (11/20) 145 Put for around $1.56 and buy to open UPS Nov Monthly (11/20) 135 Put for around $0.60. Set initial credit limit at $0.96. (Current stock price: $162.64).
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.