New Trade!

New Trade! Hello Smart Option Sellers! Let's get going with a new trade today. Kellogg (K) Let's take advantage of the small pull-back we're seeing today in both the broader market and in Kellogg itself. Here's what you can choose to do: Sell (sell-to-open) the K June 2018 $52.50 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). With K stock trading near $67.75 per share, we'll have a nice $15 per share cushion, which represents a 26% spread. I don't expect K to drop that far in five months, but if it does, it would be a great buy-in level, and one which sits on a very strong 200-day moving average support area. Per our rules, I don't really like to use strike prices over $50, but in this case we're making an exception for an exceptional stock. Currently, this put option has a market of $.20 bid/$.40 offer, so I'm pretty sure we'll be able to sell these at $.25 or better, considering the stock is down $1 per share at the moment. Remember, you can place your sell order at $.30 per contract to start, instead of going directly to $.25 per contract. This may entice the buyers to come to you instead of you going to them. This helps us get the best possible sell price. If it looks like no one is budging, then you can lower your sell price to $.25 per contract. Get those orders in now and let us know how you do. That's all for now. Contact me here Regards,

Lee Let's Grab That Cash!