Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Microsoft (MSFT) Jan Week Five (1/29) 232.50 Put for around $1.61. You can go as low as $1.50, but please don’t start there and always use limit orders. (Current stock price: $234.87)
Or…
Bull Put Spread*: Sell to open the MSFT Feb Week Two (2/12) 217.50 Put for around $1.10 and buy to open MSFT Feb Week Two (2/12) 207.50 Put for around $0.50. Set initial credit limit at $0.60.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.
TRADE TWO: Sell to open the Johnson & Johnson (JNJ) Jan Week Five (1/29) 167.50 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: $169.25)
TRADE THREE: Buy 100 shares of Advanced Micro Devices (AMD) at market ($90.35) and sell to open the AMD Feb Week One (2/5) 92.50 Call for around $2.51. (Cost basis: $87.84)
TRADE FOUR: Sell to open the Herman Miller (MLHR) Feb Monthly (2/19) 35 Put for around $2.10. You can go as low as $1.85, but please don’t start there and always use limit orders. (Current stock price: $34.07)