Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the Marvell Technology Group (MRVL) Jan Week Two (1/8) 47 Put for around $0.54. You can go as low as $0.48, but please don’t start there and always use limit orders. (Current stock price: $47.26)
TRADE TWO: Sell to open the Toll Brothers (TOL) Jan Week Two (1/8) 41.50 Put for around $0.35. You can go as low as $0.25, but please don’t start there and always use limit orders. (Current stock price: $42.12)
TRADE THREE: Sell to open the Chewy (CHWY) Jan Week Two (1/8) 92.50 Put for around $0.79. You can go as low as $0.68, but please don’t start there and always use limit orders. (Current stock price: $95.93)
TRADE FOUR*: Sell to open the Zoom Video Communications (ZM) Jan Monthly (1/15) 310 Put for around $1.55 and buy to open ZM Jan Monthly (1/15) 300 Put for around $0.85. Set initial credit limit at $0.70. (Current stock price: $351.57).
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.