Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session.
Action on Existing Positions
I am recommending we close our Chewy (CHWY) put position.
Current Stock Price: $108.84
Cash in Hand: $2.09
Action: Buy to close the CHWY Feb Monthly (2/19) 105 Put for around $0.40
Profit: $1.69, or $169 per contract
TRADE ONE: Sell to open the Twitter (TWTR) Feb Week Four (2/26) 65 Put for around $0.63. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $71.58)
TRADE TWO: Sell to open the Corning (GLW) Feb Week Four (2/26) 37.50 Put for around $0.81. You can go as low as $0.71, but please don’t start there and always use limit orders. (Current stock price: $37.46)
TRADE THREE: Buy 100 shares of Micron Technology (MU) at market ($87.19) and sell to open the MU Feb Week Four (2/26) 88 Call for around $1.99. (Cost basis: $85.20)