Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Target (TGT) Oct Week Four (10/23) 160 Put for around $1.19. You can go as low as $1.05, but please don’t start there and always use limit orders. (Current stock price: $159.88)
TRADE TWO: Sell to open the Marvell Technology Group (MRVL) Oct Week Five (10/30) 40 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: $40.48)
TRADE THREE*: Sell to open the Starbucks (SBUX) Oct Week Five (10/30) 85 Put for around $0.94. You can go as low as $0.86, but please don’t start there and always use limit orders. (Current stock price: $88.10)
*Note that we will be tracking SBUX based on an ongoing position with a net debit of $12.69. However, you can enter today’s trade even if you were not in the previous position.
TRADE Four**: Sell to open the salesforce (CRM) Nov Monthly (11/20) 220 Put for around $2.71 and buy to open CRM Nov Monthly (11/20) 210 Put for around $1.58. Set initial credit limit at $. (Current stock price: $248.11).
**If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.