Trade Update & More Profit Time

Profit Time! Hello Smart Option Sellers! Before we get to the updates on the two put-sell trades we initiated on Friday, we need to take action on another position to lock in our gains. Intel Corp. (INTC) This will be the third time since launching The Smart Option Seller that we'll be taking profits on an INTC put-sell trade. I mentioned in Friday's alert that we re-use and re-cycle trades in our service. Why not, right? If the trade works for you, just keep using it over and over again until it doesn't. Intel has been one of our best friends in the put-selling space for years and years now. It hasn't let us down yet. With that said, let's lock in our gains on this most recent play with Intel. 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 INTC January 2018 $28 put options for a limit buy price of $.05 per contract or cheaper, 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. 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. Get those orders in now and let us know how you do. I will go over all the profit details tomorrow. Trade Results We placed two put-sell trades on Friday, one being an adjustment from an earlier trade. As mentioned in the Friday Q&A alert, I briefly discussed how both of these stocks started to pop higher on us during the day and only allowed the first few quick Smart Option Sellers to get in at our price. I'm hoping that we get a pull-back in the near future that will allow other members to get filled on these trades. Since we're using longer-dated expirations here, a small pull-back in the price of the stock will allow a greater reaction in the put option price. More time = bigger reaction. Let's give it a little bit and see if the rest of the gang can get filled. Keep your orders working GTC for now. If we're not successful, then we'll see if another adjustment is warranted. For now, here's what we did. Alcoa (AA) Sold (sold-to-open) the AA April 2018 $29 put options for an official sale price of $.25 per contract as an opening transaction (sold-to-open). And Gap Inc, (GPS) Sold (sold-to-open) the GPS March 2018 $18 put options for an official sale price of $.25 per contract as an opening transaction (sold-to-open). That's all for now. You can reach us here with your results. Regards, Lee Let's Grab That Cash!