Trade Adjustment

Trade Adjustment

Hello Smart Option Sellers! We're going to make an adjustment today to one of our current put-sell positions. Goodyear Tire (GT) Although we marked this trade as officially filled the other day, only a handful of contracts (65 to be exact) were traded by Smart Option Seller members at our price of $.30 per. Clearly, that wasn't enough to get a majority of our other members filled. So I want us to slightly lower our offer price today as that should help get the rest of the team filled. Here's what you can choose to do: Lower your sell-to-open offer price on the GT October 2017 $24 put options from a limit sell price of $.30 per contract down to $.25 per contract, GTC, as an opening transaction (sell-to-open). Currently, the market on this put option is $.20 bid/$.30 offer, so I'm thinking we should be able to see fills at $.25 per. If you're still willing to give this trade more time, you are more than welcome to keep your offer price at $.30 per contract. If GT stock starts to decline, it will bump up the put option prices. My goal of course is to always pick stocks which I think are hitting a bottom and will be ready to either meander or move higher. If that happens, the put option price will decline. But sometimes my timing can be off, so there's a chance GT stock could certainly decline a bit more in the near term, causing the put options to go up in price. Your call on how you want to handle it. Officially, the instructions are to lower the offer price down to $.25 per contract. That's all for today. I haven't received any questions of late so we don't have our usual Friday Q&A session today. I hope everyone has an enjoyable long Memorial Day weekend. Continue to hold all other trades as-is. You can always contact us here. Regards, Lee Let's Grab That Cash!

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