Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Lyft (LYFT) Feb Week Four (2/25) 37 Put for around $0.38. You can go as low as $0.31, but please don’t start there and always use limit orders. (Current stock price: $39.24)
TRADE TWO*: Sell to open Microsoft (MSFT) Mar Week One (3/4) 265 Put for around $1.32 and buy to open the MSFT Mar Week One (3/4) 260 Put for around $0.91. Set initial credit limit at $0.41. (Current stock price: $287.09)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering a spread trade.