Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Starbucks (SBUX) Sep Week Five (9/30) 81 Put for around $0.47. You can go as low as $0.42, but please don’t start there and always use limit orders. (Current stock price: $83.91)
TRADE TWO: Sell to open the Valero (VLO) Sep Week Five (9/30) 95 Put for around $0.67. You can go as low as $0.60, but please don’t start there and always use limit orders. (Current stock price: $100.65)
TRADE THREE*: Sell to open the Microsoft (MSFT) Sep Week Five (9/30) 220 Put for around $0.59 and buy to open MSFT Sep Week Five (9/30) 215 Put for around $0.29. Set initial credit limit at $0.30. (Current stock price: $234.81)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.