Below are the trades I recommended in today’s Options Income Blueprint Live Trading Session. You can watch a recording of the session, where I also discussed Calculating Rates of Return, on the member website this afternoon.
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.
Walgreens Boots Alliance (WBA)
Current Stock Price: $47.64
Action: Sell to open the WBA Jul Week Two (7/9) 47.50 Put
Current Option Price: $0.43-$0.47
Recommended Limit: Set your initial limit order at $0.45. You can go as low as $0.39, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, July 9
Potential Rate of Return: 0.9% in four days, or 86% on an annualized basis, if this option expires worthless
D.R. Horton (DHI)
Current Stock Price: $90.21
Action: Sell to open the DHI Jul Monthly (7/16) 90 Put
Current Option Price: $1.71-$1.76
Recommended Limit: Set your initial limit order at $1.73. You can go as low as $1.60, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, July 16
Potential Rate of Return: 1.9% in 11 days, or 64% on an annualized basis, if this option expires worthless