Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Peloton Interactive (PTON) Oct Week Four (10/23) 125 Put for around $0.84. You can go as low as $0.74, but please don’t start there and always use limit orders. (Current stock price: $133.25)
TRADE TWO: Sell to open the JPMorgan Chase (JPM) Oct Week Four (10/23) 100 Put for around $0.85. You can go as low as $0.77, but please don’t start there and always use limit orders. (Current stock price: $100.39)
TRADE THREE*: Sell to open the Roku (ROKU) Oct Week Five (10/30) 200 Put for around $2.11 and buy to open ROKU Oct Week Five (10/30) 190 Put for around $1. Set initial credit limit at $1.11. (Current stock price: $219.20).
TRADE FOUR*: Sell to open the Lululemon Athletica (LULU) Oct Week Five (10/30) 310 Put for around $1.35 and buy to open LULU Oct Week Five (10/30) 300 Put for around $0.57. Set initial credit limit at $0.78. (Current stock price: $336.17).
*Note that we will be tracking ROKU and LULU based on ongoing positions with net debits of $0.80 and $8.85, respectively. However, you can enter today’s trades even if you were not in the previous positions. If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.