I did not hold an Income Masters Live Trading Session this week due to the Investor’s Blueprint Live event, so I am recommending two new positions now.
TRADE ONE: Sell to open the Advanced Micro Devices (AMD) Sep Week Four (9/25) 80 Put for around $3.55. You can go as low as $3.25, but please don’t start there and always use limit orders. (Current stock price: $78.20)
TRADE TWO*: Sell to open the Apple (AAPL) Sep Week Four (9/25) 110 Put for around $2.07 and buy to open AAPL Sep Week Four (9/25) 105 Put for around $0.84. Set initial credit limit at $1.23. (Current stock price: $113.33).
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.