Below are the trades from today’s Income Masters Live Trading Session.
SPDR S&P Biotech ETF (XBI)
Current Stock Price: $86.24
Action: Sell to open XBI 4 Aug 83.50 Put for around $0.83. You can go as low as $0.78.
Target Exit Price: $0.40
DICK’S Sporting Goods (DKS)
Current Stock Price: $133.11
Action: Sell to open DKS 4 Aug 126 Put for around $0.90. You can go as low as $0.85.
Target Exit Price: $0.45
DraftKings (DKNG)
Current Stock Price: $31.31
Action: Sell to open DKNG 28 Jul 29 Put for around $0.25. You can go as low as $0.22.
Target Exit Price: $0.05
Microsoft (MSFT)
Current Stock Price: $365.33
Action:
- Sell to open MSFT 18 Aug 340 Put
- Buy to open MSFT 18 Aug 335 Put
- Set a good ‘til canceled (GTC) order at $1
Target Exit Price: $0.40