Profit Time! Hello Smart Option Sellers! It's time to ring the register. GlaxoSmithKline (GSK) One of the biggest allies to an option seller is the passage of time. Known as "time decay", the price of an option will deteriorate every day of its existence no matter which way the stock moves. And what helps us even more is if the stock goes completely nowhere during our holding period. That's exactly the case with our put-sell play on GSK. We entered the trade on July 27, 2017 when GSK stock was trading near $40.75 per share. Today, it's at $40.95 per share. In addition to the constant time decay (which we love), the less movement a stock makes, the lower the volatility will be. And we all know (right?) that a stock with lower volatility will translate into option prices with lower volatility. This in turn makes the option prices even cheaper, all helping our cause when it's time to buy the put options back to lock in gains. So we have everything working for us with GSK right now. Let's lock it in and move on. Note: If you have this put-sell position in your account, then you will execute the buy-back order to day. 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 GSK November 2017 $36 put options for a limit buy price of $.05 per contract, GTC, as a closing transaction (buy-to-close). Currently, the market on this put option is showing a $.05 offer, so we should have no problem getting filled. I've had numerous Smart Option Seller members email me late last week to let me know they've been filled at $.05 already. This is because they had a standing GTC order which they placed on their own to buy this put option back at $.05 per contract. I typically don't like for us to do that as a whole, only because I don't like to broadcast a standing order to the market-makers until the offer price is being shown at our level. But you are certainly welcome to do that if you wish. The $.05 level also puts us at my "80% Rule" threshold, which states that when an option that we've sold decays 80% of its original price, we take action to buy it back. I will go over all the profit details tomorrow. Get those orders in now and let us know how you did. You can reach us here That's all for now. Regards, Lee Let's Grab That Cash!