Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the First Solar (FSLR) Sep Week Four (9/24) 101 Put for around $1.24. You can go as low as $1.12, but please don’t start there and always use limit orders. (Current stock price: $104.25)
TRADE TWO*: Sell to open the Salesforce.com (CRM) Sep Week Four (9/24)237.50 Put for around $0.89. and buy to open CRM Sep Week Four (9/24) 227.50 Put for around $0.45. Set initial credit limit at $0.44. (Current stock price: $253.83)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.