Time To Lock In More Gains

Time To Lock In More Gains

Hello Smart Option Sellers! General Mills (GIS) We currently have a put-sell position on GIS that only a handful of you were able to get filled on back when it was first recommended. The option price has now decayed down to my 80% Rule threshold, so we're going to lock in the gain. Note: If you have this position in your account, then you will execute the buy-back order today. If you don't have the position, then you can disregard these instructions. Here's what you can choose to do: Buy back (buy-to-close) all of the GIS July 2017 $47.50 put options for a limit buy price of $.06 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option is lightly offered at $.06 per contract, so we should be able to get filled on that small amount. If you don't get filled, or you only get partially filled at $.06, just keep your order working "GTC" for now. This option expires in little over a month, and with the stock price at $57.45, we still have a $10 cushion above the strike price of $47.50. There should be no problem getting completely filled within the next week or two (if it takes that long) as the time decay will really have an impact now. Our original entry sell price for this trade was $.34 per contract back on February 17, 2017. It has now decayed down to $.06 per contract. That's an 82% decline ($.28/$.34 = 82%). This is when we take a profit according to my 80% Rule. Get those orders in now and let us know how you do (if you are involved with this one). You can reach us here Regards, Lee Let's Grab That Cash!

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