I am recommending a new bull put spread on Goldman Sachs (GS) to reduce our net debit on the position.
You can enter today’s trade even if you were not in the previous one. Just be aware that we will be managing and tracking it based on the ongoing position.
If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.
Current Stock Price: $308.44
Net Debit: $0.45
- Sell to open the GS Jun Monthly (6/17) 275 Put for around $3.22
- Buy to open the GS Jun Monthly (6/17) 270 Put for around $2.63
- Set initial credit limit at $0.59, but adjust as needed
New Cash in Hand: $0.14