Below are the trades from today’s Income Masters Live Trading Session.
SPDR S&P Biotech ETF (XBI)
Current Stock Price: $83.46
Action: Sell to open XBI 28 Jul 80 Put for around $0.73. You can go as low as $0.68.
Target Exit Price: $0.30
Expedia (EXPE)
Current Stock Price: $117.06
Action: Sell to open EXPE 21 Jul 113 Put for around $0.91. You can go as low as $0.88.
Target Exit Price: $0.40
Generac Holdings (GNRC)
Note: You may want to set a good ‘til canceled (GTC) order at $1. Please do not go below that level.
Current Stock Price: $146.06
Action:
- Sell to open GNRC 28 Jul 137 Put
- Buy to open GNRC 28 Jul 132 Put
- Set initial net credit limit at $1.02. You can go as low as $1.
Target Exit Price: $0.40