Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open the Taiwan Semiconductor Manufacturing (TSM) Jan Week Two (1/14) 138 Put for around $0.43. You can go as low as $0.39, but please don’t start there and always use limit orders. (Current stock price: $141.86)
TRADE TWO: Sell to open the Pfizer (PFE) Jan Week Two (1/14) 55.50 Put for around $0.33. You can go as low as $0.28, but please don’t start there and always use limit orders. (Current stock price: $55.68)
TRADE THREE: Sell to open the Ford (F) Jan Monthly (1/21) 25 Put for around $0.37. You can go as low as $0.33, but please don’t start there and always use limit orders. (Current stock price: $25.67)
TRADE FOUR*: Sell to open the Microsoft (MSFT) Jan Monthly (1/21) 295 Put for around $0.84 and buy to open MSFT Jan Monthly (1/21) 290 Put for around $0.55. Set initial credit limit at $0.29. (Current stock price: $312.31)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.