Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open United Airlines (UAL) Mar Monthly (3/17) 49 Put for around $0.46. You can go as low as $0.40, but please don’t start there and always use limit orders. (Current stock price: $51.64)
TRADE TWO*: Sell to open Applied Materials (AMAT) Mar Monthly (3/17) 106 Put for around $0.39 and buy to open the AMAT Mar Monthly (3/17) 101 Put for around $0.15. Set initial credit limit at $0.24. (Current stock price: $116.35)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.