Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open The Trade Desk (TTD) Dec Week One (12/3) 92.50 Put for around $1.40. You can go as low as $1.15, but please don’t start there and always use limit orders. (Current stock price: $100.14)
TRADE TWO*: Sell to open JPMorgan Chase (JPM) Dec Week One (12/3) 165 Put for around $1.58. You can go as low as $1.47, but please don’t start there and always use limit orders. (Current stock price: $167.29)
Or…
Sell to open the JPM Dec Week One (12/3) 160 Put for around $0.53 and buy to open the JPM Dec Week One (12/3) 155 Put for around $0.21. Set initial credit limit at $0.32, but please don’t start there and always use limit orders.
*Note that we do not recommend doubling up on a stock. Choose the strategy that best suits your goals and risk tolerance. And if you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.