Below are the trades from today’s Income Masters Live Trading Session.
Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your trading goals and risk tolerance.
TRADE ONE: Sell to open Nike (NKE) Jan Week One (1/7) 160 Put for around $1.45. You can go as low as $1.35, but please don’t start there and always use limit orders. (Current stock price: $167.43)
Or…
Sell to open the NKE Jan Week One (1/7) 155 Put for around $0.73 and buy to open the NKE Jan Week One (1/7) 145 Put for around $0.28. Set initial credit limit at $0.45.
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.