Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open the Applied Materials (AMAT) Oct Week Two (10/8) 130 Put for around $2.52. You can go as low as $2.30, but please don’t start there and always use limit orders. (Current stock price: $133.12)
TRADE TWO: Sell to open the SPDR S&P Biotech ETF (XBI) Oct Week Two (10/8) 125 Put for around $1.36. You can go as low as $1.22, but please don’t start there and always use limit orders. (Current stock price: $129.19)
TRADE THREE*: Sell to open the Apple (AAPL) Oct Monthly (10/15) 135 Put for around $1.17 and buy to open the AAPL Oct Monthly (10/15) 130 Put for around $0.66. Set initial credit limit at $0.51, but please don’t start there and always use limit orders. (Current stock price: $142.68)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trades.