Two New Trades!
Hello Smart Option Sellers! Let's get to it! I have two new trades for you today and both involve stocks that are favorites of mine and ones that have worked out extremely well for us in the past. Intel Corp. (INTC) For those of you who remember the Instant Money Trader days, Intel was a go-to stock for us. We profitably executed multiple put-sells on INTC year after year, and it's time to jump back in today. Intel stock just recently pushed above a high point ($38.45) that hasn't been seen since December 2000. It has pulled back to its current price of $35 since then, and I want to use this opportunity to get involved. Here's what you can choose to do: Sell (sell-to-open) the INTC August 2017 $28 put options for alimit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Once again, we have to move out to the longer end of my preferred expiration range with this trade because that helps with the combination of safety and enough premium to make the trade worthwhile. Volatility is still very low which keeps the option prices depressed. To combat this, we need to move further out in time. More time = more money (when selling options). It also allows us to keep our strike price further away from the current stock price (safety). With Intel stock at $35.10 per share, this gives us a solid 20% cushion above our $28 strike price for any downside movement. Currently, this put option has a market of $.24 bid/$.28 offer, so we should be able to sell these for at least $.25 per contract or higher. 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. Do not sell for anything less than $.25 per contract. The best course of action is to start your initial offer price at $.27 per contract. If no one bites, you can move your offer down incrementally until you get to $.25 per contract (no lower!). Merck & Co. (MRK) Another favorite of mine which has been good to us in the past. You can't go wrong with one of the biggest and strongest pharmas out there. Here's what you can choose to do: Sell (sell-to-open) the MRK September 2017 $47.50 put options for a limit sell price of $.35 per contract or higher, GTC, as an opening transaction (sell-to-open). Much like the INTC trade, we have to move even further out with MRK on the expiration scale (by one month). With MRK stock at $63.40 per share, this gives us a 25% cushion above our $47.50 strike price for any downside movement. Currently, this put option has a market of $.33 bid/$.39 offer, so we should be able to sell these for at least $.35 per contract or higher. 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. Do not sell for anything less than $.35 per contract. The best course of action is to start your initial offer price at $.38 per contract. If no one bites, you can move your offer down incrementally until you get to $.35 per contract (no lower!). That's all for now. Get those orders in there and let us know how you do. You can contact us here. Regards, Lee Let's Grab That Cash!
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