New Trade!

New Trade! Hello Smart Option Sellers! How's everyone doing today? Let's get going with a new trade. Verizon (VZ) This should be a familiar name for most of you as far as The Smart Option Seller portfolio goes. We've already made two profitable put-sell trades on VZ and now it's time to go back for more. And for those new to us, VZ should be a household name regardless. It's the largest wireless network, and in my opinion, will continue to be for the foreseeable future. Mobile phone use around the world continues to grow, and all those phones need a carrier to give them service. VZ is happy to help them. We currently have a put-sell play on the #2 carrier - AT&T (T), but let's take advantage of the current drop in VZ to get into a new trade. Here's the current daily chart of VZ stock. It has fallen along with the other carriers Sprint (S) & T-Mobile (TMUS), which just cancelled their proposed merger over this past weekend. From what I've read, this is the most current cause for all the carriers to drop in price yesterday. With all four carriers now still independent of each other, the chance for price competition grows, potentially squeezing profit margins in the future. This will play out if one carrier starts dropping prices and the others are forced to match it. It happens with every business sector. That's the beauty of competition - better prices for the consumer. And typically, if they're smart, the biggest player usually wins out in the long run. My bet is on VZ. With the current stock price near $45.25 per share, we'll be selling a put option with another 22% of downside protection. And this is on top of the 12% it's fallen in the last few weeks. Plus, the charts are entering oversold territory, which means the downside moves should be leveling out. If you agree with my assessment, and want to get involved, here's what you can choose to do: Sell (sell-to-open) the VZ April 2018 $35 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). I was looking at the $34 put option first, as it was getting bid up as the stock was falling earlier this morning. But the stock has since started to move back up, and so we'll shoot for the $35 strike. As of now, the $35 put option has a market of $.26 bid/$.30 offer, so we'll be able to sell these a little bit higher than $.25 per contract. Remember, you don't need to immediately sell at the prevailing bid price. You can "work" your offer price somewhere between the current bid/ask market to see if you can get a better sale. You can start your offer at $.29 or $.28 or even $.27 at first. If no one bites, then you can lower your offer and sell at $.26 if it's still there. Bottom-line, do not sell for anything less than $.25 per contract. If you think VZ stock might fall a little bit more, you can try to sell the $34 puts if you wish. We probably could've sold those at $.25 per very early thins morning, but the market has moved quickly. The decision is yours, but officially, we will be selling the $35 strike for $.25 per contract or higher. $35 per share is $10 below where it's currently trading, and a level which has not been breached since 2011. This is a nice cushion for us. Get those orders in now and let us know how you do. Bitcoin For those who are interested, please read last week's alerts as I made lengthy comments about it. Most of the questions center around where's the best place to get started with opening an account to trade bitcoin. As mentioned last week, if you want to grab a stake, you can sign up at Coinbase.com Use this referral link to get started. If you do, we both will receive $10 worth of free bitcoin after you've bought your first $100 worth. Don't forget, if you do open an account, make sure you use a very long & intricate password. And sign up for the "Two-Factor Authentication". This is just another layer of protection for your account. It will send you a 6-digit code to your phone to use for logging in purposes in addition to you typing in your password. That's all for now. Continue to hold all other trades as-is. Check the Current Portfolio below for updates & instructions. Don't forget to check my Blog. You can reach us here Regards, Lee Let's Grab That Cash!

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