Unofficial Trade Update
Unofficial Trade Update
Hello Smart Option Sellers! Qualcomm (QCOM) Well, not too much excitement with QCOM's earnings, unfortunately. Apparently, its litigations with Apple (AAPL) and Blackberry (BBRY) had no effect on their earnings numbers and the street actually liked what they saw in the results. QCOM stock is up a measly $.80 per share in the pre-market as I type. It barely budged. If you got involved with this play and bought the calls and puts that were around the $5 radius of yesterday's stock price, you will most likely see all those values evaporate to zero today. Sometimes quick and painful (like pulling off a band-aid) is better than a slow bleed. The consolation here is that we focused on cheap options that didn't require a huge outlay of cash. This allows you to keep trying on future opportunities. Don't let it frustrate you. The play was taken under all the right conditions. The stock had a history of large moves, the correct strike prices were picked that fell within the correct range, and small amounts of money was spent. That's the perfect combo. Unfortunately, the stock just didn't cooperate. Thus is the perils of buying options. At this point, you still have today and tomorrow for QCOM stock to possibly follow-through on its current move and maybe break out $5 higher in these next two trading sessions. If that's the case, you may have an opportunity to turn a small profit. Continue to hold your positions. If nothing materializes by tomorrow's close, the options will just expire worthless and disappear from your account. No other action will be necessary on your part. If I see any movement that's worthy of your attention, I will send another update. That's all for now. 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