Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Marathon Petroleum (MPC) Mar Week One (3/3) 120 Put for around $1.24. You can go as low as $1.10, but please don’t start there and always use limit orders. (Current stock price: $123.26)
TRADE TWO: Sell to open Crocs (CROX) Mar Monthly (3/17) 120 Put for around $4.50. You can go as low as $4.20, but please don’t start there and always use limit orders. (Current stock price: $123.69)
TRADE THREE*: Sell to open Boeing (BA) Mar Week Two (3/10) 190 Put for around $1.02 and buy to open the BA Mar Week Two (3/10) 185 Put for around $0.60. Set initial credit limit at $0.42, but adjust as needed. (Current stock price: $42.77)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.