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 p