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.
YETI Holdings (YETI)
Current Stock Price: $92.43
Action: Sell to open the YETI Jun Week Two (6/11) 90.50 Put
Current Option Price: $0.70-$0.90
Recommended Limit: Set your initial limit order at $0.80. You can go as low as $0.65, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, June 11
Potential Rate of Return: 0.9% in four days, or 81% on an annualized basis, if this option expires worthless
Bank of America (BAC)
Current Stock Price: $42.98
Action: Sell to open the BAC Jun Week Two (6/11) 43 Put
Current Option Price: $0.38-$0.40
Recommended Limit: Set your initial limit order at $0.39. You can go as low as $0.33, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, June 11
Potential Rate of Return: 0.9% in four days, or 83% on an annualized basis, if this option expires worthless
Brinker International (EAT)
Current Stock Price: $62.76
Action: Sell to open the EAT Jun Monthly (6/18) 60 Put
Current Option Price: $1-$1.20
Recommended Limit: Set your initial limit order at $1.10. You can go as low as $0.90, but please don’t start there and always use limit orders.
Expiration: After the close on Friday, June 18
Potential Rate of Return: 1.8% in 11 days, or 61% on an annualized basis, if this option expires worthless