Market Update

Market Update

Hello Smart Option Sellers! As we have a long weekend ahead of us, I just wanted to send out a quick update. Next week we'll see earnings season really start to kick in. I plan on going through the list each week to find any viable unofficial earnings plays that can continue to pay off for those of you who choose to partake. So far it's been pretty profitable. We started to see the market come off a bit this past week. This is a good thing as we need stocks to take a breather and get back to more "normal" ups and downs. It's healthy for the market to pull-back now and then as it takes the froth out of the system. This can help avoid those dramatic huge waves of selling that induces fear and panic. If the selling is gradual from time to time as it should be, then it makes investing that much easier. As far as our current and pending positions - keep holding as-is and keep working unfilled orders as GTC (good-til-cancelled). Friday Q&A Q: Lee, who are the people on the other side of our trade, and why would they pay for options that are so far away from the current price of the stock? Seems as if they're giving money away. A: This is one of the most popular questions I receive from new members, and one that's hard for them to wrap their brain around at first. First off, let's thank our lucky stars that these people