Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Corning (GLW) Mar Week One (3/5) 37.50 Put for around $0.62. You can go as low as $0.52, but please don’t start there and always use limit orders. (Current stock price: $37.86)
TRADE TWO: Sell to open the Starbucks (SBUX) Mar Week One (3/5) 105 Put for around $1.94. You can go as low as $1.80, but please don’t start there and always use limit orders. (Current stock price: $104.74)
TRADE THREE: Sell to open the SPDR S&P Biotech ETF (XBI) Feb Week Four (2/26) 150 Put for around $2.10. You can go as low as $1.90, but please don’t start there and always use limit orders. (Current stock price: $150.07)
Or…
Bull Put Spread*: Sell to open the XBI Mar Monthly (3/19) 135 Put for around $1.75 and buy to open XBI Mar Monthly (3/19) 125 Put for around $0.69. Set initial credit limit at $1.06.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.