Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the Micron Technology (MU) Jan Monthly (1/15) 77.50 Put for around $0.97. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $79.60)
TRADE TWO: Sell to open the Bank of America (BAC) Jan Monthly (1/15) 32 Put for around $0.41. You can go as low as $0.37, but please don’t start there and always use limit orders. (Current stock price: $32.37)
TRADE THREE: Sell to open the Corning (GLW) Jan Monthly (1/15) 37 Put for around $0.53. You can go as low as $0.47, but please don’t start there and always use limit orders. (Current stock price: $37.07)
TRADE FOUR*: Sell to open the Teladoc Health (TDOC) Jan Monthly (1/15) 200 Put for around $0.75 and buy to open TDOC Jan Monthly (1/15) 190 Put for around $0.37. Set initial credit limit at $0.38. (Current stock price: $228.14).
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.