Trade Results - AT&T

Trade Results - AT&T (T) Hello Smart Option Sellers! We were able to get filled yesterday on the AT&T buy-back order at our price of $.15 per contract. The stock fluctuated throughout the day, which allowed the put option to move in range for us at various times. Here's what we did: Bought-back (bought-to-close) all of the T January 2018 $31 put options for an official buy price of $.15 per contract as a closing transaction (bought-to-close). As mentioned yesterday, I didn't want us getting caught in any potential downdraft of the stock price due to the DOJ trying to block T's merger with Time Warner. I'd rather have a clean break with the trade, albeit with a small profit, then have to deal with the uncertainty of the merger. There's no way to tell how long the court battle would be, and we could have theoretically held on until our January 2018 expiration date, but that's still keeping us on edge for two more months. I'll pass. So with that, we closed it out. Here's the results: We originally established (sold-to-open) this put option on 8/31/2017 for a sale price $.26 per contract, and now we took gains by buying it back (bought-to-close) for $.15 per contract. With the fill at $.15, it locked in a gain of $.11 per contract ($11 per every contract traded) and a return on margin (ROM) of roughly 1.8% in under three month's time. We'll typically wait until we can buy the option back when it's hit my "80% Rule" threshold, but this was under different circumstances. Taking gains at the 80% threshold would have also given us better returns too, but I'd rather be safe than sorry on this one. If you have not been filled yet on this buy-back trade, just keep your order working "GTC". Bitcoin Update Got an interesting question from a reader about bitcoin. Q: Lee, I've been reading about options trading on bitcoin, can you fill us in on anything you know? Thanks! A: Absolutely! If there was one thing I was hoping to hear about bitcoin - was that there would be option trading available. Do you know how lucrative it could be if we can trade options on this thing? Super lucrative! Here's what I know: I&#