top of page

New Trade!

New Trade! Hello Smart Option Sellers! Verizon (VZ) We stick with what we know. VZ was a very successful play for us a number of times in the past, so we're going in again. It's hard not being a fan of the largest and most reliable mobile carrier out there, in my opinion. Mobile communications is already the wave of the future, and VZ is well positioned to keep its lead over the rest of the pack. The stock has pulled back a decent amount over the last month, and I feel it's getting to a low point that should enable us to jump into a new put-sell trade. There could be more downside to the stock, but at this point I feel it will be limited. Sure, we can wait to see if it happens, but what if it doesn't? I'd rather get in a little early than a little late. If the stock does keep falling a bit, it will allow all of us to attain good fill prices on the put-sells. Don't be afraid of a little stock movement. Here's what you can choose to do: Sell (sell-to-open) the VZ July 2017 $39 put options for a limit sell price in the range of $.25 to $.35 per contract, GTC (good-til-cancelled), as an opening transaction (sell-to-open). Remember the rules: 1. We are going to sell these put options as our trade. We

are not buying them. 2. Do not use a "market" order. Only use "limit" orders. 3. Don't be impatient with your order. "Work" your offer price a bit, meaning you can start at the higher end of the range I gave and if you don't get filled after a bit, you can start to lower your price. Currently, these put options have somewhat of a wide market of $.27 bid/$.35 offer, but we'll still be able to sell them within the range I am giving you. As mentioned in the instructions above, you can start your offer price at maybe $.33 or $.34 per contract. If no one bites, you can start to creep down your offer to maybe $.32 or $.31 per contract. The key to getting good fill prices is to not jump right into the trade and sell at the prevailing bid price (in this case $.27). Why sell at $.27 when you could possibly get $.31 or $.32 per contract? This is what's meant by "working" your order. We are staying conservative and safe with our trades for now because of the reasons I've been giving in earlier alerts - mostly due to low volatility in the market (which leads to lower option prices), and because we have not had a good pull-back in awhile. You are always free to choose a different strike price if you'd like to get a bit more cash in your pocket. If you are ok with the extra risk, you can look at the $40 or $41 strike prices. Officially, we are going with the $39 strike as instructed. Get those orders in now and let us know how you do. You can 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

Recent Posts
bottom of page