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A Trade Idea On The King Of Social Media

A Trade Idea

Hello Smart Option Sellers! Facebook (FB) No doubt Facebook is the king of all social media. It has over 2 billion users each month, according to founder Mark Zuckerberg's announcement on June 27, 2017. That's almost double than the next three social media platforms (Instagram, Snapchat & Twitter) combined. In addition to its behemoth size, FB stock is hitting all-time highs as I type. Social media is certainly the wave of the future for communication in many circles of the world, and will continue to be. Facebook will be at the forefront of it for the foreseeable future. I mentioned a few months ago that I will be offering "unofficial" trades from time to time on stocks that are very intriguing, but are just outside the parameters of making it an official Smart Option Seller trade. In this case, FB's stock price is just too high for me to give it the green light. It has nothing to do with its fundamentals or anything else. The stock just costs too much. But for anyone who is not averse to high-priced stocks, and wants to get a foothold in the best social media stock out there, here's a couple ideas for potential put-sell trades. With FB stock currently at $159 per share, you can certainly sell put options at levels 50% below that area and still collect decent (yet smaller) cash payments. Look at the December 2017 $70, $75 or $80 put options to sell. You can collect anywhere from $.10 - $.17 per contract. That may be small, but think about the opportunity you're getting paid for. If you're a little more adventurous, take a look at either the October 2017 or November 2017 $100 strike puts to sell. Those are going anywhere from $.18 - $.30 per contract. Facebook is a winner, and just getting paid to potentially buy the stock at that cheap of a price is a gift in itself. If you are going to get involved in selling the $.10 or $.15 options, just make sure your commissions are cheap enough, as you don't want to walk away with nothing because your fees eat up the whole option premium. Remember, these are just ideas and not official recommendations. I will not be following them. That's all for today. I will be out of the office tomorrow so I will be in contact next week. Earnings season is going to kick into high gear over the next few weeks, so be on the lookout for new put-sell plays (and for some of our unofficial cheap option buys too - some of which have returned 1,000% - 2,000% for our members). 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! Please continue to send me your questions & comments (and praise!) You can contact us here.

Regards, Lee Let's Grab That Cash!

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