Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session.
Action on Existing Position
I am recommending we close our Peloton Interactive (PTON) put.
Current Stock Price: $62.95
Cost Basis: $58.32
Action:
- Buy to close PTON Jul Week Four (7/24) 60 Call for around $3.50
- Sell shares at market
Profit: $1.13, or$113 per 100 shares
New Positions
TRADE ONE: Sell to open the Corning (GLW) Jul Week Five (7/31) 29 Put for around $0.75. You can go as low as $0.66, but please don’t start there and always use limit orders.
TRADE TWO: Sell to open the Chewy (CHWY) Jul Week Four (7/24) 47 Put for around $0.57. You can go as low as $0.51, but please don’t start there and always use limit orders.
TRADE THREE: Sell to open the Beyond Meat (BYND) Jul Week Four (7/24) 125 Put for around $0.98. You can go as low as $0.89, but please don’t start there and always use limit orders.