New Trade!
New Trade! Hello Smart Option Sellers! Let's get going with our first official trade! Target Corp. (TGT) This is a stock we played profitably many times at Instant Money Trader and it's back in action for us in the new Smart Option Seller. You will hear many lament at how the brick & mortar stores are getting eaten alive by the likes of Amazon, and that their demise is unavoidable. And although I don't entirely disagree with that, I certainly know that brick & mortars are not going out of business anytime soon, especially in the few months we'll have this trade open. There will be consolidations and mergers, and the strongest will survive. I include Target & Walmart (WMT) in that category. And let's not forget, these brick & mortar stores have online presences as well, so it's not like they have no ecommerce game. Target is extremely oversold at the moment, falling roughly $15 in just the last month alone. Most of this is due to their holiday sales numbers. With those numbers now baked into the stock price, I believe the selling should taper off and we'll see sideways action for the time being, and then most likely a move back up.
Chart courtesy Stockcharts.com The one-year chart shows TGT at a low (currently $63.65) and the RSI indicator at the bottom of the chart is now below the 20 level, which is the threshold for extremely oversold conditions. It currently sits at 19.13 I'm not saying a bounce is imminent. I'm saying that the selling should subside and lead to sideways to slightly lower or slightly higher action from this point forward. Here's The Plan Sell (sell-to-open) the TGT July 2017 $45 put options for a limit sell price in the range of $.25 to $.35 per contract, GTC, as an opening transaction (sell-to-open). Many of you may remember our trading instructions from Instant Money Trader. We are going to sell these put options as our trade. We are not buying them. "Sell-to-open" is the correct order for this transaction. And "GTC" means "good-til-cancelled. You will also use a "limit" order for this trade as well. This means you will only sell it at the price you choose. Do not use a "market" order. Currently, these put options have a market of $.30 bid/$.32 offer, so we will be able to sell them within the range I am giving you. Right off the bat, you should be able to sell these contracts for at least $.30 per as that is the prevailing market. Once those are sold off, the bid price will most likely move lower, but do not sell them for anything below $.25 per contract. Make sense to everyone? That's all for now. Get those orders in and let us know how you do. You can reach us here. Housekeeping I plan to use this housekeeping space to give updates on website and member-related information. Some of it will remain fixed and some will be a one-time mention. 1. We now have our text messaging system in place. If you'd like to be notified on your mobile phone when a new alert is about to hit your inbox, join our text alert system by typing in your first and last name and mobile number here: You should then receive a welcome message from me. You can disregard the message that states how many messages you will receive per month. That's just for legal purposes and has no bearing on how many messages you'll actually receive from me. All other text messages you'll receive will just be a head's up that a new alert is about hit your email. For our international members, I'm working on plans to get you included for text messaging. I haven't forgotten about you! 2. All alerts will be archived on the website under the "Archive" section which you can find along the top menu of the website. If you are a new member, please use this section to read past alerts to see what we've been doing. This is a password-protected area for Smart Option Seller members only. The password to enter this area is smartoption. Please write this password down and keep it in a safe place. You will need it to access the Archives. As always, if you have any questions, comments or feedback, please let us know. Thank you! You can contact us here. Regards, Lee
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