Locking In Profits On Aloca
Profit Time On Alcoa (AA) Hello Smart Option Sellers! We currently have two put-sell positions on AA, the first being a smaller one that has recently decayed down to my "80% Rule" threshold. The reason why I say "small", is that only a few contracts were able to be sold at our original sale price of $.25 per contract back on September 28th. The 80% Rule states that if the price of the put option has lost 80% of its value, we look to take early profits on it before expiration. As of now, this smaller AA put option has an offer price of $.05 per contract, so we will buy it there and lock in the gains. Make sure you check your account if you have both of these positions open, and only trade the one that was initiated on September 28, 2017. 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. Here's what you can choose to do: Buy-back (buy-to-close) all of your AA January 2018 $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 at $.05 per contract, so we should have no problem getting filled right off the bat. Get those orders in now and I will go over the results tomorrow. You can contact us here
Regards, Lee Let's Grab That Cash!