Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Block (SQ) Oct Week One (10/7) 50 Put for around $0.52. You can go as low as $0.46, but please don’t start there and always use limit orders. (Current stock price: $54.57)
TRADE TWO: Sell to open The Trade Desk (TTD) Oct Week One (10/7) 55 Put for around $0.61. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $60.42)
TRADE THREE*: Sell to open the Microsoft (MSFT) Oct Week One (10/7) 222.50 Put for around $0.40 and buy to open MSFT Oct Week One (10/7) 215 Put for around $0.14. Set initial credit limit at $0.26. (Current stock price: $237.84)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.