Trade Results

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