New Trade & More Profit Time

Lots Of Updates!

Hello Smart Option Sellers! We've got a lot going on today, so make sure to read this alert very carefully. I have a new trade for everyone, an update on our WMT play from yesterday, and more profit-taking to do. Earnings season is in full swing so we're going to be busy. New Trade! GlaxoSmithKline (GSK) I love being able to sell put options on the highest quality pharmaceutical companies. Stocks such as Bristol Myers (BMY). Pfizer (PFE), and Eli Lilly (LLY) all deserve a spot in our portfolio when the time is right. And right now GSK is showing an opportunity. Here's what you can choose to do: Sell (sell-to-open) the November 2017 GSK $36 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction. Currently, this put option has a market of $.25 bid/$.40 offer, so we should have no problem getting them at our price. But remember, try to finesse your sell price to get the best deal. You don't have to immediately place your offer at $.25 per contract. Try offering it at $.35 or $.30 at first. If no one bites, then you can move it down to $.25 per. We don't want to tip our hand too quickly. I'll give an update on this trade tomorrow. PureFunds ISE Cyber Security ETF (HACK) Time to lock in gains on our HACK put-sell position. 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 HACK September 2017 $23