Trade Update

Trade Update

Hello Smart Option Sellers! As mentioned in last Friday's alert, we were waiting on the outcome of the healthcare bill to see if it would pass through Congress. Obviously, we now know how that turned out. As expected, the market did pull back a little bit, giving us an opportunity to get filled on the Intel (INTC) put-sell order we placed last week. I've received numerous emails from Smart Option Seller members alerting me of your fill prices. So with that, we will mark this trade as official and begin to follow it. Intel Corp. (INTC) Here's what we did: Sold (sold-to-open) the INTC August 2017 $28 put options for an official sale price of $.25 per contract as an opening transaction (sold-to-open). I have also heard from a few more members who were able to get filled on the Merck (MRK) put-sell play as well. For those of you who have still not gotten filled on either trade yet, just keep your orders working "GTC". Update On Kellogg (K) We still have an open put-sell order on the Kellogg July 2017 $55 put option. Our sell range is between $.25 - $.35 per contract. I'm a little miffed that we haven't been able to get this one done yet, especially since the stock has been trending lower for the last few weeks (lower stock price = higher put option price). The put option still currently sits around $.15 per contract. I'm going to give th