Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Morgan Stanley (MS) Apr Week Two (4/8) 84 Put for around $0.48. You can go as low as $0.42, but please don’t start there and always use limit orders. Place a good ‘til canceled (GTC) order at $0.10. (Current stock price: $85.52)
TRADE TWO: Sell to open the Kroger Co. (KR) Apr Week Two (4/8) 58 Put for around $0.49. You can go as low as $0.41, but please don’t start there and always use limit orders. (Current stock price: $58.41)
TRADE THREE*: Sell to open the Microsoft (MSFT) Apr Monthly (4/14) 292.50 Put for around $0.73 and buy to open MSFT Apr Monthly (4/14) 287.50 Put for around $0.45. Set initial credit limit at $0.28. (Current stock price: $311.49)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.