Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE*: Sell to open Applied Materials (AMAT) Jan Week One (1/7) 152.50 Put for around $1.03. You can go as low as $0.90, but please don’t start there and always use limit orders. (Current stock price: $155.33)
Sell to open the AMAT Jan Monthly (1/21) 145 Put for around $1.17 and buy to open the AMAT Jan Monthly (1/21) 140 Put for around $0.57. Set initial credit limit at $0.60.
*Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your trading goals and risk tolerance. If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the spread trade.
TRADE TWO: Sell to open Taiwan Semiconductor Manufacturing (TSM) Jan Week One (1/7) 130 Put for around $1.19. You can go as low as $1.10, but please don’t start there and always use limit orders. (Current stock price: $131.36)