Hello Smart Option Sellers! Welcome to February! We're filled on the Gap, Inc. (GPS) put-sell position that was recommended yesterday. Prices reported from our members ranged from $.27 - $.29 per contract, so we'll take the official mark right in the middle at $.28 per. Here's what we did: Sold (sold-to-open) the GPS June 2017 $15 put options for an official sale price of $.28 per contract as an opening transaction (sold-to-open). If some of you were watching the stock yesterday, you saw how as its price increased, the put option price went lower. That's how put options work. They move inversely to the stock price. With that said, the current price of the GPS put option is now down near the $.25 - $.27 per contract level, which is at the lower end of our target range. As I mentioned in the instructions yesterday, do not sell it for anything less than $.25 per contract. If you haven't been filled yet, keep your order working GTC anywhere you wish between $.25 - $.35 per contract. Sometimes stock prices move quickly and they can make the option prices move away from us (in both directions). For instance, our BMY put-sell trade from last week saw it from the other side of the coin. The stock continuously dropped during the day and the put options kept going up in price, having the early Smart Option Sellers of that put option wishing they had waited until later in the day. Timing is a difficult thing. When I make the recommendation, it's up to you to decide when to get in. I can't tell you the exact moment the stock will turn nor can I tell you when the put options will be at their highest or lowest point of the day. I'm hoping that I'm within a few days though of the stock making its move back up (or at least stop falling), so it is recommended to sell the put options on the earlier side. For us as a whole, as long as the stock starts to move higher after everyone has gotten a chance to sell the put options, we will all start to make a profit quicker. Remember, we want the stock price to go up after we've sold the put options as their price will go down. This will allow us to buy the options back cheaper than what we sold them for, in turn allowing us to lock in a gain. And while we're on the subject of price movement, just know the initial price that you sell the put option for can fluctuate higher or lower after you sell it, giving you either a temporary profit or loss for the time being. Don't be alarmed or surprised by that. Option prices do fluctuate. As long as the stock moves higher at some point, the put option price will erode away and we'll get to lock in our gains. This should be familiar information for most of you since you learned these lessons as Instant Money Trader members. That's all for today. You can always reach us here: Regards, Lee Let's Grab That Cash!
Smart Option Seller Portfolio
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. 3. Don't forget about our Referral Program. See details here: As always, if you have any questions, comments or feedback, please let us know. Thank you! You can contact us here.
Important Notice: All opinions, recommendations and content published by Smart Option Seller, LLC ("Company" or "us" or "we") are solely for informational and educational purposes, and should not be considered personalized investment advice. Your use of any investment ideas provided by Company is your responsibility and should only be made after consulting with your investment advisor and reviewing the public filings and financial statements of companies you are considering for investment. We do not receive any compensation from companies we write about. By accepting a subscription to The Smart Option Seller newsletter, you acknowledge that all ideas discussed in the newsletter are solely for informational and educational purposes and you agree to hold harmless Company and all Company employees and representatives for any investment losses suffered by you arising from ideas discussed or recommendations made in the Smart Options Seller website or newsletter. You should not make any investment decision based solely on what you read in the Smart Option Seller newsletter. The information provided is obtained from sources which we believe to be reliable, but we do not guarantee the accuracy or completeness of any such information. We are not liable for any losses suffered by you as a subscriber. Past performance is not indicative of future results. Please plan accordingly. We expressly forbid our writers from having a financial interest in any security they personally recommend to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Company is not a broker, dealer or investment adviser. In addition, our employees may answer your general customer service questions but they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. See our full Terms-of-Use here