Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Devon Energy (DVN) Dec Monthly (12/16) 58 Put for around $0.49. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $60.90)
TRADE TWO: Sell to open Starbucks (SBUX) Dec Monthly (12/16) 99 Put for around $0.51. You can go as low as $0.47, but please don’t start there and always use limit orders. (Current stock price: $102.28)
TRADE THREE*: Sell to open the Netflix (NFLX) Dec Monthly (12/16) 275 Put for around $0.43 and buy to open NFLX Dec Monthly (12/16) 265 Put for around $0.16. Set initial credit limit at $0.27. (Current stock price: $311.04)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.