Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Mosaic Company (MOS) Apr Week Four (4/22) 74 Put for around $0.62. You can go as low as $0.56, but please don’t start there and always use limit orders. (Current stock price: $77.27)
TRADE TWO: Sell to open Applied Materials (AMAT) Apr Week Five (4/29) 110 Put for around $1.21. You can go as low as $1.08, but please don’t start there and always use limit orders. (Current stock price: $116.25)
TRADE THREE: Sell to open the Goldman Sachs (GS) Apr Week Five (4/29) 315 Put for around $1.31 and buy to open the GS Apr Week Five (4/29) 310 Put for around $0.90. Set initial credit limit at $0.41. (Current stock price: $334.83)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.