Market Update

Market Update

Hello Smart Option Sellers! We're in a bit of a holding pattern right now as far as the market and our positions go. One thing you might realize about put-selling is that it's a game of patience. Once we establish the trade, there's not much to do at that point. Over time, you'll see a slow bleed of the option price until it's time to close it out. That slow bleed might not be enough action for hyper-active traders who always need to be involved. Put-selling is not like that. You'll find that you might literally need to sit on your hands to keep them away from clicking on the mouse to make more trades. Sometimes put-selling is like watching paint dry - boring!!!! But, are you going to complain if that boring strategy hands you 90+% winners? Don't be swayed by the inaction of the strategy. That's how it works. Think of it as a "set it and forget it" type of trade. The major stock indices are selling off a bit today which is popping the volatility (look at a VIX chart). This is encouraging as far as potential new trades can go as higher volatility leads to higher option prices, which is great for us. Let's see if we can string together a day or two of downside market action, as that would allow us to find new trades and allow some of our pending trades to be filled. To clarify, i'm not looking for an all-out rout to send everyone running for the hills. I'm just looking for a little pull-back to rinse the market a bit and add some fear to those wanting to pay higher prices for put options. This will allow us to enter trades at good prices, and then the market can work its way back higher again. That's the cycle we need every few weeks. Make sense? That's all for now. Keep holding all positions as-is, and keep working unfilled trades GTC (good-til-cancelled). You can always contact us here. Regards, Lee Let's Grab That Cash!

Important Messages: 1. I'm on Twitter! What does that mean? It means I will be posting some of my thoughts from time to time on items related to investing, the stock market and how to be a smarter options trader. If you are already a Twitter member, please go to the website and click on the blue Twitter "Follow" button that you'll see along the top header. This way you can read my tweets and have instant access to some of my other thoughts. And don't forget to "like" or "re-tweet" my posts. This helps increase the public's awareness of the great things we're doing at The Smart Option Seller. Don't worry, no one in the public will have access to any of our trading ideas, nor will I post any of our current trades for free. 2. Don't forget to read my new "Put-Selling Basics" guide. It's a great refresher for both experienced and new traders. It's totally free. You can find it on the website or just click here to read. 3. Many of you are not taking advantage of our phone text alert messaging system. If you'd like to be notified on your mobile phone when a new alert is about to hit your email inbox, join our text alert system by typing in your first & last name and mobile number here: 4. 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. Your 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. 5. 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.

Smart Option Seller Portfolio

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