Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Jan Monthly (1/21) 132 Put for around $2.25. You can go as low as $2.08, but please don’t start there and always use limit orders. (Current stock price: $135.84)
TRADE TWO*: Sell to open the FedEx (FDX) Jan Monthly (1/21) 245 Put for around $0.67 and buy to open FDX Jan Monthly (1/21) 240 Put for around $0.33. Set initial credit limit at $0.34. (Current stock price: $255.17)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.