More Profits For 2017
Profit Time - Gap Inc. (GPS) Hello Smart Option Sellers! Let's end 2017 on a high note. We currently have a put-sell position on GPS that will allow us to lock in a sizable amount of its profit potential. Although it has not breached my "80% Rule" threshold, we can still claim 76% of the potential gains. Considering we still have about three months before expiration, it just makes sense to do the smart thing and lock in our gains here. Here's what you can choose to do: 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. Buy back (buy-to-close) all of your GPS March 2018 $18 put options for a limit buy price of $.06 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option is offered at $.06 per contract, so we should have no problem getting filled on some right off the bat. If we truly wanted to get to that 80% threshold, we'd have to buy the put option back at $.05 per contract, but quite frankly, I don't think we need to wait for that, just to lock in an extra one penny of profit. So get those orders in now and I will go over the results tomorrow. I'll also have the final Smart Option Seller alert for 2017 tomorrow, as well. I'll answer a few questions and give a little bit of my goals and aspirations for 2018. That's all for now. Continue to hold all other positions as-is and continue to work all other unfilled trades as-is. You can always contact me here with your questions, comments, concerns & praise! Regards,
Lee Let's Grab That Cash!