Below are the trades from today’s Income Madness Live Trading Session.
Action on Existing Position
I am recommending we book profits on our Nike (NKE) put.
Current Stock Price: $129.40
Cash in Hand: $1.17
Action: Buy to close the NKE Apr Monthly (4/14) 125 Put for around $0.54, but adjust as needed to close today
Profit: $0.63, or $63 per contract
TRADE ONE: Sell to open Walt Disney (DIS) Apr Monthly (4/14) 130 Put for around $1.05. You can go as low as $0.94, but please don’t start there and always use limit orders. (Current stock price: $132.52)
TRADE TWO: Sell to open the Starbucks (SBUX) Apr Monthly (4/14) 81 Put for around $0.73. You can go as low as $0.66, but please don’t start there and always use limit orders. (Current stock price: $82.36)