Trade Adjustment

Trade Adjustment

Hello Smart Option Sellers! PureFunds ISE Cyber Security ETF (HACK) So far not much luck on this St.Patrick's Day. We weren't filled on the new HACK put-sell trade we recommended yesterday. The price on this option is now being offered below our target level. So, we're going to adjust the strike price and our price range. Here's what you need to do: Cancel your order to sell the HACK September 2017 $22 put options. And replace with this new order: Sell (sell-to-open) the HACK September 2017 $23 put options for a limit sell price in the range of $.25 - $.35 per contract, GTC, as an opening transaction (sell-to-open). With the volatility in the market (check out a chart of the VIX) hovering around all-time lows and going nowhere, option prices continue to remain subdued and lower than ever. As I've mentioned numerous times in the past, volatility has a direct effect on option prices. And when volatility is low, so are the option prices. This is not the ideal scenario for us put-sellers. In order to combat this issue, you can either go further out in time with the expiration date (more time = larger payments) or you can move the strike price to a higher level, which is what we're doing today. Currently, the $23 put options have a bid/ask market of $.10 bid/$.40 offer, so I'm mor