Below is the action from today’s Income Madness Live Trading Session. Note that there are no new trades due to market conditions. We may put on new trades via alert, so be sure to keep an eye on your email.
Action on Existing Position
I am recommending we book profits on our Kroger Co. (KR) put.
Current Stock Price: $59.01
Cash in Hand: $0.49
Action: Buy to close the KR Apr Week Two (4/8) 58 Put for around $0.29, but adjust as needed to close today
Profit: $0.20, or $20 per contract