Another Profit Opportunity

Time To Cash In...Again

Hello Smart Option Sellers! The profits keep rolling in here at The Smart Option Seller. Many times our new trades will come in bunches, especially during earnings season, and so our profit-taking will come in bunches as well. That seems to be the case recently. Intel Corp (INTC) We currently have a put-sell position on Intel that has reached the 80% Rule threshold. That means the put option price has decayed 80% from our original sale price and it's time to take profits. 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 INTC October 2017 $28 put options for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). This put option currently has a market of $.03 bid/$.04 offer, so we will definitely be able to get filled cheaper than $.05 per contract. Our original entry sell price for this trade was $.25 per contract only about six weeks ago on June 28, 2017. I love these quicker trades. Closing it out now allows us to end the trade well before expiration. Buying it at $.04 will give us a profit of $.21 per contract. That's an 84% decline from our sale price of $.25 per contract ($.21/$.25 = 84%). Even if you end up buying it back at $.05 per contract, it's still an 80% decline. Get those orders in now and let us know how you made out. Kellogg (K) Kellogg came out with good earnings this morning and the stock is up about $3 per share. Why we haven't been filled yet on the buy-back order from yesterday for $.05 per contract is beyond me. When stocks rally big, put option prices go down. The market-makers are just playing games with us now. They're waiting to see how long they can drag this trade out before filling us. Right now, the market on our K put option is $.05 bid (that's us)/$.10 offer. I can almost guarantee that if we pulled our $.05 bids out, then you would most likely see a $.05 offer price show up. In that case, we could come back into the market and scoop up the $.05 offers. Sometimes option market-makers play games. Let's just keep our $.05 bids intact, and it will only be a matter of time until we're filled. I'm pretty sure the market-makers don't want to miss out on selling to us. We're the only bidders in town. Continue to work all other trades as instructed and continue to hold all other open 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! You can always contact us here Regards, Lee Let's Grab That Cash!

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