Trade Update

Trade Update

Hello Smart Option Sellers! Alcoa (AA) Finally! With this current blip down in the market, we're finally filled on the AA put-sell trade we've been working for a couple weeks. Persistence pays off. For those of you who had this order working "GTC" (good-til-cancelled) at $.25 per contract, then you should be filled as of this morning. For those of you who are either new members or did not place this order yet, you can still do so at current prices. Here's what we did: Sold (sold-to-open) the AA October 2017 $21 put options for an official sale price of $.25 per contract as an opening transaction (sold-to-open). Tech Pull-Back We continue to see selling in the market, especially in the tech sector. I mentioned this in the last alert and commented about the possibilities of getting into such stocks as Apple (AAPL) or Facebook (FB), if those stocks interested you. I've also mentioned in the past that I would offer advice on trades for stocks that I don't consider "official" trades for us, but might be right for some of you. The reason why they're not official is because they don't meet all my requirements. Considering this current tech sell-off, you might want to consider looking at selling the December 2017 Apple $80 puts and/or selling the December 2017 Facebook $65 puts, both trading around $.10 per contract. With Apple stock currently at $143 per share, selling the $80 put would offer a 44% cushion below the stock price, and with Facebook stock currently at $148 per share, selling the $65 put would offer an even larger 56% buffer below the stock price. Those are extremely healthy cushions for such incredible stocks. The questions you should ask yo