Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session here.
Note that option prices may have moved since the Live Trading Session. Please do not chase the trades by accepting less premium than the “go as low as” price recommended below. Work your limit orders but exercise patience and let the trades come to you.
Micron Technology (MU)
Current Stock Price: $91.95
Action: Sell to open the MU Mar Week Four (3/26) 90 Put
Current Option Price: $1.79-$1.86
Recommended Limit: Set initial limit order at $1.82. You can go as low as $1.68, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, March 26
Potential Rate of Return: 2% in nine days, or 82% on an annualized basis, if this option expires worthless
YETI Holdings (YETI)
Current Stock Price: $74.65
Action: Sell to open the YETI Apr Monthly (4/16) 75 Put
Current Option Price: $4.20-$4.50
Recommended Limit: Set initial limit order at $4.35. You can go as low as $4, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, April 16
Potential Rate of Return: 5.8% in 30 days, or 71% on an annualized basis, if this option expires worthless
iShares Global Clean Energy ETF (ICLN)
Current Stock Price: $23.47
Action: Sell to open the ICLN Mar Week Four (3/26) 22.50 Put
Current Option Price: $0.40-$0.50
Recommended Limit: Set initial limit order at $0.45. You can go as low as $0.35, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, March 26
Potential Rate of Return: 2% in nine days, or 81% on an annualized basis, if this option expires worthless