Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Starbucks (SBUX) Feb Week Four (2/25) 92 Put for around $0.82. You can go as low as $0.74, but please don’t start there and always use limit orders. (Current stock price: $94.28)
TRADE TWO*: Sell to open Capital One Financial (COF) Mar Monthly (3/18) 144.40 Put for around $1.68 and buy to open the COF Mar Monthly (3/18) 139.40 Put for around $1.16. Set initial credit limit at $0.52. (Current stock price: $159.03)
*Note that the strike prices are irregular, but the options are liquid. And if you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering a spread trade.