Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Valero (VLO) Jul Week Four (7/22) 95 Put for around $1.01. You can go as low as $0.92, but please don’t start there and always use limit orders. (Current stock price: $104.20)
TRADE TWO*: Sell to open the Microsoft (MSFT) Jul Week Four (7/22) 237.50 Put for around $0.90 and buy to open the MSFT Jul Week Four (7/22) 232.50 Put for around $0.55. Set initial credit limit at $0.35. (Current stock price: $256.89)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.