Below is the trade 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 trade by accepting less premium than the “go as low as” price recommended below. Work your limit order but exercise patience and let the trades come to you.
Current Stock Price: $48.02
Action: Sell to open the RUN Aug Monthly (8/20) 40 Put
Current Option Price: $1.10-$1.25
Recommended Limit: Set your initial limit order at $1.15. You can go as low as $0.95, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, Aug. 20
Potential Rate of Return: 2.9% in 32 days, or 33% on an annualized basis, if this option expires worthless