Trade Update & Profit Time

Trade Update

Hello Smart Option Sellers! Lots to talk about today. Lowe's (LOW) We placed a new put-sell trade on Friday for LOW. This was in response to the big stock drops in the home improvement stores because of Amazon's new initiative of selling Sear's Kenmore line of products through their website. The thinking of the market is that Amazon is going to put another brick & mortar type of retailer out of business. I didn't agree with that thinking and knew that the stock drops were a knee-jerk reaction and unfounded. Hence, we sell put options on the premise that these stocks should bounce back relatively quickly and allow us to make a quick profit. Well, LOW stock did bounce back on Friday, ending the day about $1.30 higher than where it closed the day before. When stocks rally, put option prices drop. Unfortunately, the stock rally was a bit too strong for us and didn't allow us to get filled on our put-sell trade. At this time, we will continue to work the order at a sale price of $.25 per contract. I want to give it a few more days to see where the market shakes out on this story. If the stock drops a bit, we may get filled. If it looks like the downside for the stock is done, then we may alter the strike price in order to get a foothold into the trade. I will alert everyone if we make that move. Keep your order working "GTC" at $.25 per contract. The order is listed below for your reference. Sell (sell-to-open) the January 2018 LOW $45 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Profit Time We currently have two open put-sell pos