Trade Update

Trade Update

Hello Smart Option Sellers! I hope everyone had a nice long weekend. Let's get an update on last Friday's adjustment. Goodyear Tire (GT) I sent out an alert to lower the offer price to $.25 per contract on the GT put-sell trade for those willing to do it. A number of contracts went through at that price on Friday and a few more went through this morning. If you did not get filled, or did not alter your order, you can do so now and make sure it's working as "GTC" (good-til-cancelled). Considering that we only had a handful of fills at the original sell price of $.30 per contract and now we have a bunch more at $.25 per contract, I'm going to lower the official mark to $.27 per contract. It only seems fair to keep the official prices more in line with what most of our members get. No fudging of numbers here! That is not what we're about. Unofficial Earnings Play In addition to our normal put-selling activities, I will offer up unofficial earnings plays from time to time in which we try to capture large moves by stocks after the announcement is made public. We do this by purchasing very cheap short-term options. It has worked to our advantage a few times so far, and as our members keep asking me to do it, I will continue to give you these trades. There's a few stragglers left to announce earnings in the next few days and they happen to fall in the erratic retail clothing & accessories sector. Michael Kors (KORS) KORS falls into the higher end of the retail market and has seen its share price steadily decline since peaking in early 2014. It releases earnings before the opening bell tomorrow morning. It's currently trading for about $36.40 per share and has been prone to make gap moves after announcing