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.
Peloton Interactive (PTON)
Current Stock Price: $99.67
Action: Sell to open the PTON Oct Week One (10/2) 91 Put
Current Option Price: $0.64-$0.66
Recommended Limit: Set initial limit order at $0.65. You can go as low as $0.55, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, Oct. 2
Potential Rate of Return: 0.7% in four days, or 65% on an annualized basis, if this option expires worthless
Advanced Micro Devices (AMD)
Current Stock Price: $80.86
Action: Sell to open the AMD Oct Week One (10/2) 77.50 Put
Current Option Price: $0.57-$0.58
Recommended Limit: Set initial limit order at $0.57. You can go as low as $0.49, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, Oct. 2
Potential Rate of Return: 0.7% in four days, or 67% on an annualized basis, if this option expires worthless