Trade Adjustment
Trade Adjustment
Hello Smart Option Sellers! Before getting to our trade adjustment, I would just like to welcome some of our newer Smart Option Seller members. We're glad to have you aboard! Make sure to read the "Important Messages" section near the bottom of the alert. It has everything you need to get up to speed. Alcoa (AA) We've been working an order to sell the AA October 2017 $20 put options for $.25 per contract to no avail. This market has been a bit stubborn with us. With AA stock currently down about $1 per share today for not much reason, let's go ahead and adjust the strike price. Here's what you can choose to do: Cancel your sell-to-open order of the AA October 2017 $20 put options and replace it with the October 2017 $21 put options for the same limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Everyone clear on this? All you're doing is replacing the $20 strike with the $21 strike. All else remains the same. Currently, the $21 put option has a market of $.20 bid/$.30 offer, so I'm hoping we can get filled in the middle at $.25 per. All of our new members can enter this trade as well. Get those orders in now and let us know if you get filled. You can reach us here. Regards, Lee Let's Grab That Cash!