Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Nike (NKE) Apr Monthly (4/14) 125 Put for around $1.17. You can go as low as $1.07, but please don’t start there and always use limit orders. (Current stock price: $127.77)
TRADE TWO: Sell to open the Kroger Co. (KR) Apr Monthly (4/14) 58 Put for around $0.51. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $59.32)
TRADE THREE*: Sell to open the Lululemon Athletica (LULU) Apr Monthly (4/14) 340 Put for around $0.92 and buy to open LULU Apr Monthly (4/14) 330 Put for around $0.56. Set initial credit limit at $0.36. (Current stock price: $374.04)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.