Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Marathon Petroleum (MPC) Jun Week One (6/2) 105 Put for around $0.79. You can go as low as $0.71, but please don’t start there and always use limit orders. (Current stock price: $107.47)
TRADE TWO: Sell to open Uber (UBER) Jun Week One (6/2) 37 Put for around $0.26. You can go as low as $0.21, but please don’t start there and always use limit orders. (Current stock price: $37.92)
TRADE THREE*: Sell to open Microsoft (MSFT) Jun Week One (6/2) 320 Put for around $0.43 and buy to open the MSFT Jun Week One (6/2) 315 Put for around $0.20. Set initial credit limit at $0.23. (Current stock price: $331.64)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.