Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Buy 100 shares of Generac Holdings (GNRC) at market ($122.91) and sell to open the GNRC Nov Monthly (11/18) 130 Call for around $5.80. Buy to open the GNRC Nov Monthly (11/18) 115 Put for around $5.25. (Cost basis: $122.36)
TRADE TWO: Sell to open Blackstone (BX) Nov Week One (11/4) 87 Put for around $0.95. You can go as low as $0.88, but please don’t start there and always use limit orders. (Current stock price: $93.34)
TRADE THREE*: Sell to open Microsoft (MSFT) Nov Week Two (11/11) 205 Put for around $0.97 and buy to open the MSFT Nov Week Two (11/11) 200 Put for around $0.59. Set initial credit limit at $0.38. (Current stock price: $227.07)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.