Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Roku (ROKU) Sep Monthly (9/16) 55 Put for around $0.70. You can go as low as $0.62, but please don’t start there and always use limit orders. (Current stock price: $64.36)
TRADE TWO: Sell to open Marathon Petroleum (MPC) Sep Monthly (9/16) 92.50 Put for around $0.86. You can go as low as $0.75, but please don’t start there and always use limit orders. (Current stock price: $99.59)
TRADE THREE*: Sell to open the Starbucks (SBUX) Sep Monthly (9/16) 77.50 Put for around $0.52 and buy to open the SBUX Sep Monthly (9/16) 75 Put for around $0.31. Set initial credit limit at $0.21. (Current stock price: $84.11)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.