Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Lyft (LYFT) Feb Monthly (2/18) 41 Put for around $0.42. You can go as low as $0.37, but please don’t start there and always use limit orders. (Current stock price: $42.58)
TRADE TWO*: Sell to open Apple (AAPL) Feb Week Four (2/25) 162.50 Put for around $0.78 and buy to open the AAPL Feb Week Four (2/25) 157.50 Put for around $0.39. Set initial credit limit at $0.39. (Current stock price: $171.22)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering a spread trade.