New Trade!

New Trade!

Hello Smart Option Sellers! Let's start this week with a new trade. Goodyear Tire (GT) This name should be familiar to everyone, most likely because it's probably written on all four of your car's tires! Founded in 1898 in Akron, OH, GT is one of the world's most popular, respected and reliable tires on the road today. It also holds the largest market share of any company (source). I've been waiting for a long while to get an opportunity to take a put-sell position on GT, and now is the perfect time. The stock is currently near $31.80 per share and entering into oversold territory based on its chart pattern. Some of the best times to strike with a put-sell position is when the stock is close to bottoming out. And I believe we are very close to that happening. So with that, we're going to enter a new trade today. Here's what you can choose to do: Sell (sell-to-open) the GT October 2017 $24 put options for a limit sell price of $.30 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a market of $.25 bid/$.40 offer, so we should be able to get some trades off within our recommended sell range. It closed at $.35 per contract on Friday so you might even be able to sell it at that price. Remember, you don't need to sell at my lowest recommended price. Start your offer at $.35 per contract first to see if anyone bites. If not, then move it down to $.30 per contract. Let's learn to negotiate with the market-makers. It helps! Do not sell for anything less than $.30 per contract. With GT stock currently at $31.80 per share, it gives us an almost $7 and 24.5% cushion above the $24 strike price. Get those orders in now and let us know how you do today. You can contact us here. Regards, Lee Let's Grab That Cash!