Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open The Trade Desk (TTD) Nov Week One (11/5) 70 Put for around $0.65. You can go as low as $0.55, but please don’t start there and always use limit orders. (Current stock price: $74.49)
TRADE TWO*: Sell to open JPMorgan Chase (JPM) Nov Week One (11/5) 165 Put for around $0.63 and buy to open the JPM Nov Week One (11/5) 162.50 Put for around $0.34. Set your initial credit limit at $0.29. (Current stock price: $169.38)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.