Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Lennar (LEN) Oct Week One (10/7) 70 Put for around $0.62. You can go as low as $0.50, but please don’t start there and always use limit orders. (Current stock price: $75.66)
TRADE TWO: Sell to open the DocuSign (DOCU) Oct Week One (10/7) 48 Put for around $0.40. You can go as low as $0.35, but please don’t start there and always use limit orders. (Current stock price: $55.10)
TRADE THREE*: Sell to open the Salesforce (CRM) Oct Week Two (10/14) 130 Put for around $0.91 and buy to open CRM Oct Week Two (10/14) 125 Put for around $0.61. Set initial credit limit at $0.30. (Current stock price: $147.68)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.