Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Block (SQ) Sep Week Five (9/30) 53 Put for around $0.34. You can go as low as $0.30, but please don’t start there and always use limit orders. (Current stock price: $56.95)
TRADE TWO: Sell to open the Blackstone (BX) Sep Week Five (9/30) 80 Put for around $0.41. You can go as low as $0.36, but please don’t start there and always use limit orders. (Current stock price: $83.85)
TRADE THREE*: Sell to open the Costco (COST) Sep Week Five (9/30) 460 Put for around $0.64 and buy to open COST Sep Week Five (9/30) 450 Put for around $0.30. Set initial credit limit at $0.34. (Current stock price: $485.57)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.