Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Peloton Interactive (PTON) Sep Week Four (9/25) 84 Put for around $0.46. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $93.07)
TRADE TWO: Sell to open the First Solar (FSLR) Sep Week Four (9/25) 60 Put for around $0.63. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $61.69)
TRADE THREE: Sell to open the Beyond Meat (BYND) Oct Week One (10/2) 140 Put for around $1.41. You can go as low as $1.28, but please don’t start there and always use limit orders. (Current stock price: $159.91)
TRADE FOUR*: Sell to open the Roku (ROKU) Oct Monthly (10/16) 160 Put for around $2.77 and buy to open ROKU Oct Monthly (10/16) 155 Put for around $2. Set initial credit limit at $0.77. (Current stock price: $190.28).
*Note that we will be tracking this position based on an ongoing ROKU position with a net debit of $1.57. However, you can enter today’s trade even if you were not in the previous position. If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.