Trade Update And Friday Q&A

Trade Update

Hello Smart Option Sellers! We placed two new put-sell trades yesterday on Intel (INTC) and Merck (MRK). We got a few fills so far this morning on Merck but not on Intel yet. Let's have a little patience on these, especially with the new healthcare vote happening today in Congress. If it doesn't pass, we could see a quick sell-of that would allow us to get into these trades quite easily. On the other hand, if it passes, we'll probably see a continuation of the up-move. Sometimes we will get filled right away and sometimes we won't. We place a limit order for a reason and that's because I'm trying to get the best option price for us based on all the existing factors that are present at the time I write up the alert. I'd rather give our order a chance to get filled instead of going right to the prevailing bid price. If we did that, we'd be giving money away each time. Let's not pad the market-makers pockets if we don't have to. Merck & Co. (MRK) Although we only got a handful of fills so far on Merck, we will officially follow it. Here's what we did: Sold (sold-to-open) the MRK September 2017 $47.50 put options for an official sale price of $.35 per contract as an opening transaction (sold-to-open). For those of you who have not gotten filled on either trade, just keep your orders working "GTC". If the market doesn't cooperate by Monday or Tuesday, I will send out an alert to adjust the option prices and/or the strike prices. Don't get discouraged in any way by lack of fills. It's just part of the trading environment. There will always be more trades to come.