Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Lennar (LEN) Jan Week Two (1/13) 90 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: $93.48)
TRADE TWO: Sell to open Crocs (CROX) Jan Monthly (1/20) 97.50 Put for around $2.10. You can go as low as $1.95, but please don’t start there and always use limit orders. (Current stock price: $108.20)
TRADE THREE*: Sell to open Visa (V) Jan Week Two (1/13) 200 Put for around $0.61 and buy to open the V Jan Week Two (1/13) 195 Put for around $0.27. Set initial credit limit at $0.34. (Current stock price: $211.55)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.