Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Lennar (LEN) Nov Week Two (11/11) 76 Put for around $0.95. You can go as low as $0.80, but please don’t start there and always use limit orders. (Current stock price: $79.50)
TRADE TWO: Sell to open Blackstone (BX) Nov Week Two (11/11) 85 Put for around $1.18. You can go as low as $1.03, but please don’t start there and always use limit orders. (Current stock price: $89)
TRADE THREE*: Sell to open Salesforce (CRM) Nov Week Two (11/11) 135 Put for around $0.62 and buy to open the CRM Nov Week Two (11/11) 130 Put for around $0.27. Set initial credit limit at $0.35. (Current stock price: $148.06)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.