Market Update And Friday Q&A

Market Update Hello Smart Option Sellers! Another trading week under our belt, and the Dow is back above 20,000. Our positions are looking good. Bristol Myers (BMY) stock has rallied back nicely, bringing the put option prices down with it (good for us). Looks like we really timed this one right as we entered the trade on the same day that BMY put in its low. It's moved higher since. That's positive for us. For anyone who has not entered this put-sell position yet, you can still get onboard within my recommended range. For those who have gotten in, continue to hold the position as-is. Target (TGT) stock is still languishing around its lows, but based on my chart indicators, it looks like the selling has stemmed. I think we'll see sideways to slightly higher price action in the near future. For anyone who has not entered this put-sell position yet, you can still get onboard within my recommended range, albeit at the lower end. If Target stock starts to tick up soon, the put option price will move down more, putting it out of range for any new put-sells. If you're already in this trade, continue to hold as-is. Gap, Inc (GPS) was a fast mover for us. The stock itself didn't really move much since we initiated the put-sell trade, put the put option prices went down rather quickly, giving those who entered a quick paper profit for now. This was a situation where I felt the option prices were a bit on the high side based on the stock's movement, and we took advantage by selling the puts quickly. Once the collective market sees something out of whack like we did, that opportunity closes fast. We just beat them to the punch. If you're in this put-sell trade, continue to hold as-is. Frida