Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open CVS Health (CVS) Oct Week One (10/7) 97 Put for around $0.36. You can go as low as $0.32, but please don’t start there and always use limit orders. (Current stock price: $99.16)
TRADE TWO*: Sell to open the Lowe’s (LOW) Oct Week One (10/7) 187.50 Put for around $0.30 and buy to open LOW Oct Week One (10/7) 180 Put for around $0.08. Set initial credit limit at $0.22. (Current stock price: $198.51)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.