Profit Time!

Profit Time!

Hello Smart Option Sellers! Merck & Co. (MRK) Time to ring the register - again! We currently have a put-sell position on MRK in which 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 your MRK September 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 has a market of $.03 bid/ $.06 ask, so we should have no problem getting filled (buy-to-close) on this trade. In fact, you might be able to buy it cheaper than $.06 by putting in a $.05 bid. If so, lucky you! MRK stock is currently at $64.50, putting it a solid $17 above our strike price of $47.50. Our original entry sell price for this trade was $.35 per contract back on March 23, 2017. Closing it out now allows us to end the trade early, about three months before expiration. I love it when trades come to fruition so quickly. It has now decayed down to $.06 per contract. That's an 82.9% decline ($.29/$.35 = 82.9%). 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) and I will go over the full results tomorrow. You can contact us here Continue to hold all other positions as-is. See the Current Portfolio below for current prices & instructions. Regards, Lee Let's Grab That Cash!

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