Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the JPMorgan Chase (JPM) Jan Week Four (1/22) 135 Put for around $1. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $134.70)
TRADE TWO: Sell to open the General Motors (GM) Jan Week Five (1/29) 54 Put for around $0.67. You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $56.20)
TRADE THREE: Buy 100 shares of Williams-Sonoma (WSM) at market ($130.65) and sell to open the WSM Feb Monthly (2/19) 135 Call for around $4.05. (Cost basis: $126.60)
TRADE FOUR*: Sell to open the Peloton Interactive (PTON) Jan Week Five (1/29) 140 Put for around $0.90 and buy to open PTON Jan Week Five (1/29) 130 Put for around $0.29. Set initial credit limit at $0.61. (Current stock price: $157.27)
TRADE FIVE*: Sell to open the Netflix (NFLX) Feb Week One (2/5) 520 Put for around $2.32 and buy to open NFLX Feb Week One (2/5) 510 Put for around $1.57. Set initial credit limit at $0.75. (Current stock price: $572.23)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades. And note that we will be tracking the PTON spread as an ongoing position, carrying over our current net debit.