Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Applied Materials (AMAT) Sep Week One (9/2) 99 Put for around $0.90. You can go as low as $0.82, but please don’t start there and always use limit orders. (Current stock price: $103.99)
TRADE TWO*: Sell to open the Netflix (NFLX) Sep Week Two (9/9) 200 Put for around $0.93 and buy to open the NFLX Sep Week Two (9/9) 195 Put for around $0.63. Set initial credit limit at $0.30. (Current stock price: $231.21)
*If you are new to spread trading, please watch my Bull Put Spread Coaching before entering the trade.