Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the Sonos (SONO) Jul Week Four (7/23) 31.50 Put for around $0.37. You can go as low as $0.31, but please don’t start there and always use limit orders. (Current stock price: $32.28)
TRADE TWO*: Sell to open the Roku (ROKU) Jul Week Four (7/23) 360 Put for around $0.96 and buy to open ROKU Jul Week Four (7/23) 350 Put for around $0.58. Set initial credit limit at $0.38. (Current stock price: $403.83).
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.