Below are the trades from today’s Income Madness Live Trading Session.
TRADE ONE: Sell to open Zoom Video Communications (ZM) Dec Week Two (12/9) 69 Put for around $0.51. You can go as low as $0.45, but please don’t start there and always use limit orders. (Current stock price: $71.59)
TRADE TWO: Sell to open Devon Energy (DVN) Dec Week Two (12/9) 62 Put for around $0.53. You can go as low as $0.47, but please don’t start there and always use limit orders. (Current stock price: $65.42)
TRADE THREE*: Sell to open the Salesforce (CRM) Dec Week Two (12/9) 125 Put for around $0.27 and buy to open CRM Dec Week Two (12/9) 120 Put for around $0.05. Set initial credit limit at $0.22. (Current stock price: $132.78)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.