Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open United Airlines (UAL) Dec Monthly (12/16) 40 Put for around $0.31. You can go as low as $0.27, but please don’t start there and always use limit orders. (Current stock price: $42.69)
TRADE TWO: Sell to open Block (SQ) Dec Monthly (12/16) 59 Put for around $0.88. You can go as low as $0.80, but please don’t start there and always use limit orders. (Current stock price: $65.02)
TRADE THREE*: Sell to open the Nvidia (NVDA) Dec Monthly (12/16) 150 Put for around $0.37 and buy to open NVDA Dec Monthly (12/16) 140 Put for around $0.11.Set initial credit limit at $0.26. (Current stock price: $175.01)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.