Below are the trades from today’s Six-Figure-Portfolio Coaching Live Trading Session.
TRADE ONE*: Buy to open the Microsoft (MSFT) Jan 2021 (1/15/21) 125 Call for around $60.30 and sell to open the MSFT Mar Week Two (3/13) 195 Call for around $2.11. (Current stock price: $183.38; cost basis: $58.19)
*BONUS SESSION TRADE: If you want to hedge this position, I am recommending you buy to open the MFST Mar Week Two (3/13) 160 Put for around $0.45. (Cost basis: $58.64)
TRADE TWO: Sell to open the Netflix (NFLX) Mar Week Two (3/13) 340 Put for around $2.41 and buy to open the NFLX Mar Week Two (3/13) 335 Put for around $1.87. Set initial credit limit at $0.54. (Current stock price: $377.64)
TRADE THREE: Sell to open the CVS Health (CVS) Feb Week Two (2/14) 73.50 Put for around $0.55. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $74.13)