There was no live trading this week, and I held off putting on new trades to see if the market would react to the Federal Reserve meeting minutes.
With that out of the way, I am recommending two new trades.
TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 100 Put for around $1.50. You can go as low as $1.35, but please don’t start there and always use limit orders. (Current stock price: $107.58)
TRADE TWO: Sell to open United Airlines (UAL) Aug Week Four (8/26) 37 Put for around $0.43. You can go as low as $0.36, but please don’t start there and always use limit orders. (Current stock price: $38.73)