Update On EMR & Other Trade Adjustments

Update On EMR

Hello Smart Option Sellers! Emerson Electric Co. (EMR) We placed a new put-sell trade on EMR yesterday and are seeing some fills. I heard from a handful of members that they were filled at the $.20 per contract mark. I've also seen a few trades at $.20 go across the tape this morning as well. Here's what we did: Sold (sold-to-open) the EMR September 2017 $45 put options for an official sale price of $.20 per contract as an opening transaction (sold-to-open). With EMR stock falling about $.55 per share as I type, I feel confident that if you have your order working GTC (good-til-cancelled) at $.20 per contract, then you will most likely get filled. If you have your order working to sell at $.25 per contract, it may take a bit longer as you'll need the stock to drop it a bit more. The choice to sell at $.20 or $.25 is entirely up to you, but officially, we are marking the trade done at $.20 per contract. I like this trade a lot, and with our $45 strike price being about 23% below the current stock price, we have a good cushion for more stock movement. I like to shoot for a 20% to 30% buffer between the strike price and the current stock price. Trade Adjustments We're going to make adjustments on all three of our unfilled put-sell trades. If you are unsure of which trades these are, I have made a new section of the Portfolio for easy tracking. You can find the Portfolio towards the bottom of every alert. Colgate Palmolive (CL) I'm really unhappy with how wide the sp