New Trade!

Hello Smart Option Sellers! General Mills, Inc. (GIS) Happy Valentine's Day! What better way to start this "sweet" day than with a new trade! If you live on this planet, then there is no doubt that you have products within your house made by General Mills. In my house, almost every box of cereal is by General Mills (and we have lots of cereal!). GIS stock has been stuck in a fairly tight trading range for about four months now. And it looks as though it may stay range bound for a bit longer. That could work to our advantage as it makes option prices decay that much quicker after we've sold them (that's what we want!) Here's what you can choose to do: Sell (sell-to-open) the GIS July 2017 $47.50 put options for a limit sell price in the range of $.34 to $.39 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 give and if you don't get filled after a bit, you can start to lower your price. Currently, these put options have a very wide market of $.07 bid/$.40 offer, but don't let that scare you away. Some stocks have tighter markets and some have wider markets. It would be ideal if the bid/ask were a few pennies wide, but finding "fair value" is not a problem. Right now I'm computing roughly $.36 - $.37 per contract as fair value, and so we'll place our orders around that mark. As mentioned in the instructions above, you can "work" your offer price by starting at maybe $.37 or $.38 per contract. If no one bites, you can start to creep down your offer to maybe $.35 to $.36 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 $.07). Whatever you do, do not sell at $.07 per contract and do not sell for anything less than $.34 per contract. If we don't see fills for anyone today, I may revamp our pricing strategy tomorrow. 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 selling the $50 strike price. Officially, we are going with the $47.50 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
Archive

THE SMART OPTION SELLER

©2016-2020 Smart Option Seller                Lee Lowell