Let's Start The Week With A Profit
Hello Smart Option Sellers! One of the best feelings when playing the market is when you get to lock in your gains on a trade well done. Let's go ahead and do that now. 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. AT&T (T) Our put-sell position in T has decayed down to my "80% Rule" threshold level. What does that mean? It means once the put option's price has declined 80% from where we initially entered the trade (sold-to-open), we take profits by buying it back (buy-to-close). Here's what you can choose to do: Buy back (buy-to-close) all of your T October 2017 $31 put options for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option is offered very well at $.05 per contract, so we should have no problem getting the trade done. You can opt to try and buy it back cheaper by placing a $.04 bid If you wish and see if it will get filled. It traded at $.04 on Friday, so it may do it again today. Officially, we will be closing it out at $.05 per. We originally sold-to-open this put option at $.25 per contract, and it has now decayed 80% down to its current value of $.05 per contract. This is the 80% Rule that we follow. Get those orders in there and let us know how you do. You can contact us here That's all for now. 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 unless the current price is at, or higher, than the official recommendation. If you are unsure or have any questions, please ask us! Warren Buffett Report I continue to get good feedback and orders on this new report, so I'll keep this notice going for the time being so everyone has a chance to see it. If you need the link again, click here to read about it. Regards, Lee Let's Grab That Cash!