Trade Update - Southern Co.

Trade Update

Hello Smart Option Sellers! Southern Co. (SO) We placed a new put-sell trade on the SO November 2017 $39 put option this past Friday. As of now, I have not heard from anyone being filled on the trade. I did see a 10-contract trade go across the tape on Friday at $.26 per contract almost immediately after the alert was sent out, but I'm not sure if that was by one of our members. I did see a few trades go across at $.21 & $.23 per contract. Since that is below my recommended level, I do not consider that official. If anyone did sell at that price, you're on your own for now. We'll continue to work the trade "GTC" at $.25 per contract or better for now. The original instructions are listed below for your convenience. Sell (sell-to-open) the SO November 2017 $39 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). With the current price of SO stock near $47.55 per share, the fair value of the $39 put option looks to be about $.22 or $.23 per contract, so we'll need the stock to drop a bit in order for the put option to get back up to our desired sell point (when stocks drop, put options go up). Remember, do not sell for anything less than $.25 per contract. That's all for this quick alert. Continue to hold all other positions as-is. See the Current Portfolio below for current prices & instructions. Quick note on the Current Portfolio - if you are a new subscriber and don't have a position yet on any of our trades, make sure you enter your order at the original recommended sell prices. Do not enter any order at current prices unless it's higher than the official recommendation. If you are unsure or have any questions, please ask us! You can contact us here Regards, Lee Let's Grab That Cash!

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