New Trade! Hello Smart Option Sellers! No time to waste. Let's get to it.! Southwest Airlines (LUV) LUV reported earnings this morning and the stock is taking a skid - falling $2.25 per share as I type. As one of the best performing airlines over the last five years, we're going to hop into a new put-sell trade on LUV today. Here's the current chart and it's getting down to a major support level - which I feel will hold. I'm bullish on LUV for the long-term and think this is a great play. Here's what you can choose to do: Sell (sell-to-open) the LUV June 2018 $42.50 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, the market on this put option is $.25 bid/$.35 offer, so we should be able to get a bunch of orders filled. Remember the rules - don't jump right at the bid price and sell at $.25 per contract. You can try a $.30 offer price first and see if someone bites. If not, you can move your offer down. That's all for now. Get those trades in there and let us know how you do. Continue to contact me here Regards,
Lee Let's Grab That Cash!