Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Peloton Interactive (PTON) Sep Week Two (9/11) 65 Put for around $3.20. You can go as low as $2.80, but please don’t start there and always use limit orders. (Current stock price: $70.36)
TRADE TWO: Sell to open the Corning (GLW) Sep Monthly (9/18) 33 Put for around $1.25. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $32.35)
TRADE THREE: Sell to open the Microsoft (MSFT) Sep Week Two (9/11) 220 Put for around $4.70. You can go as low as $4.40, but please don’t start there and always use limit orders. (Current stock price: $227.32)
Or…
Bull Put Spread*: Sell to open the MSFT Sep Monthly (9/18) 200 Put for around $1.36 and buy to open MSFT Sep Monthly (9/18) 195 Put for around $0.94. Set initial credit limit at $0.42.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.