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Time For More Profits!

Profits Keep Rolling In!

Hello Smart Option Sellers! What a fitting way to ring in our 100th Alert at The Smart Option Seller. It's time to punch the register again and lock in more gains. Wal-Mart (WMT) We currently hold a WMT put-sell position that we initiated on the day Amazon (AMZN) announced their buyout of Whole Foods (WFM). On that day (June 16), many of the food & grocery stocks took an unwarranted tumble. And just like the recent Lowe's (LOW) move, I knew the drop in WMT stock was going to be short-lived and a great opportunity to jump into a new trade. Our timing was perfect, as WMT stock has now regained all of the drop with a rally of $5 per share since that day. This puts us in prime position to take quick profits as the put option has declined into my 80% Rule threshold. The 80% Rule states that if the put option price has decayed 80% from our original sale price, we buy it back and book the profit. Note: If you have this put-sell 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 WMT October 2017 $60 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 offer, so we should have no problem getting filled on this trade. If you want, you can even try putting in a $.05 bid (cheaper than $.06) and see if someone bites. I think we could get it if we try. Up to you. WMT stock is currently at $78.05, putting it a solid $18.05 above our strike price of $60. Our original entry sell price for this trade was $.30 per contract back on June 16, 2017. I know a few of you were able to do much better than that at the time as you told me of fill prices near $.38 per contract, so your gains will be even better. Closing it out now allows us to end the trade in just over a month's time and about three months before expiration. It's always smart to close trades before expiration. Buying it at $.06 will give us a profit of $.24 per contract. That's an 80% decline from our sale price of $.30 per contract ($.24/$/30 = 80%). That's all for now. Continue to work both the new Lowe's (LOW) put-sell trade and the GoodYear Tire (GT) buy-back trade (if you are involved with that one). Continue to hold all other trades as-is. We're getting close to profit time on a few of our other positions as well. Put-selling is good! 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! Regards, Lee Let's Grab That Cash!

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