Below are the trades from today’s Income Masters Live Trading Session.
Note: We have net debits on Lululemon Athletica (LULU) and Peloton Interactive (PTON) from ongoing spread positions. The spreads I recommended today will reduce those net debits. However, you can enter today’s spreads even if you were not in the previous trades. Just be aware that we will be tracking them as ongoing positions.
TRADE ONE: Sell to open the Western Digital (WDC) Jul Week Two (7/9) 68.50 Put for around $0.54. You can go as low as $0.49, but please don’t start there and always use limit orders. (Current stock price: $69.09)
TRADE TWO: Sell to open the First Solar (FSLR) Jul Week Two (7/9) 90 Put for around $0.64. You can go as low as $0.57, but please don’t start there and always use limit orders. (Current stock price: $91.44)
TRADE THREE: Sell to open the Crocs (CROX) Jul Monthly (7/16) 110 Put for around $1.90. You can go as low as $1.70, but please don’t start there and always use limit orders. (Current stock price: $112.39)
TRADE FOUR*: Sell to open the Lululemon Athletica (LULU) Jul Monthly (7/16) 357.50 Put for around $0.93. and buy to open LULU Jul Monthly (7/16) 347.50 Put for around $0.45. Set initial credit limit at $0.48. (Current stock price: $377.37)
TRADE FIVE*: Sell to open the Peloton Interactive (PTON) Jul Monthly (7/16) 115 Put for around $0.71. and buy to open PTON Jul Monthly (7/16) 105 Put for around $0.13. Set initial credit limit at $0.58. (Current stock price: $126.59)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.
TRADE SIX**: Buy to open the Target (TGT) Mar Monthly (3/18) 200 Call for around $52.15 and sell to open the TGT Jul Week Two (7/9) 250 Call for around $0.65. Set initial debit limit at $51.50. (Current stock price: $248.03)
**If you are new to LEAP call spreads, please watch my LEAP Call Spreads Coaching Session before entering the trade.