Friday Update

Friday Update

Hello Smart Option Sellers! Intel Corp. (INTC) I've been receiving more fill prices from Smart Option Seller members on the new Intel put-sell trade. Due to the good pull-back in the market yesterday (which is now rallying back, of course!), many of you were able to sell this put option at better prices than our official mark of $.25 per contract. Fill prices came in anywhere from $.26 - $.31 per contract yesterday. Great work! Even today, prices are still viable for good fills if you have not entered this trade yet. Verizon (VZ) Our VZ put-sell position is still viable too, at even better prices than last week. This position is currently trading near $.40 per contract, which is higher than our official sale price of $.28 per contract. See, being patient can pay off at times. You might be thinking: "wait, don't we want the put option price to go down after we've entered the trade?" Yes, exactly. That way, we can buy it back cheaper and lock in a profit. But sometimes the option price can move higher (sometimes by a lot), allowing newer (and older) members a chance to get in. But don't let that price increase scare you away. Option prices fluctuate higher and lower, just like stock prices. And we can even find ourselves underwater on occasion before the trade turns around. VZ stock is scraping along 18 month lows right now at approximately $44.45 per share. Our strike price is at $39 per share, which still gives us another 12% cushion for more downside movement. Also, the $39 level is sitting on very strong support, based on the charts. It hasn't been below $39 for an extended period of time since mid-2011. For those of you who might be thinking - what if it breaches the $39 level and moves lower? That's a scenario we could face with any position. Th