Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Thor Industries (THO) May Monthly (5/20) 75 Put for around $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $84.50)
TRADE TWO*: Sell to open the Expedia (EXPE) May Monthly (5/20) 130 Put for around $1.67 and buy to open the EXPE May Monthly (5/20) 125 Put for around $1.03. Set initial credit limit at $0.64. (Current stock price: $152.90)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.