Below are the trades from today’s Income Madness Live Trading Session.
Action on Existing Position
I am recommending we book a small profit on our The Trade Desk (TTD) put.
Current Stock Price: $70.44
Cash in Hand: $0.56
Action: Buy to close the TTD Jan Monthly (1/21) 66 Put for around $0.49, but adjust as needed to close today
Profit: $0.07, or $7 per contract
TRADE ONE: Sell to open the Bank of America (BAC) Jan Week Four (1/28) 46 Put for around $0.56. You can go as low as $0.51, but please don’t start there and always use limit orders. (Current stock price: $46.84)
TRADE TWO: Sell to open the Walgreens Boots Alliance (WBA) Jan Week Four (1/28) 53 Put for around $0.59. You can go as low as $0.53, but please don’t start there and always use limit orders. (Current stock price: $53.67)