Market's Pulling Back - Time For More Trades

Trade Update - Eli Lilly (LLY) Hello Smart Option Sellers! Happy Friday (or is it?) We placed a new put-sell trade on LLY yesterday, but no fills as of yet. If you look at a 1-minute chart of LLY (I'll send in the next alert), you will see that almost immediately after receiving the alert (I received mine at 10:55 AM ET), the stock rallied $1 per share. That's enough to put downward pressure on the put option prices. It's uncanny how that happens. The goal for Smart Option Seller is to find stocks that are about to pop, so we try to sell the put options just prior. Maybe my timing is just too good? This was the reason for me mentioning in one of the recent alerts that I was compiling data for a potential add-on to Smart Option Seller, (or a new service entirely), for us to potentially buy call options at the same time we that try to sell the put options - so we could at least try to profit by an upswing in the stock price if we cannot sell the put options. I'm still mulling it over and compiling the data to see how the stocks react immediately after I issue a trade alert. Stay tuned... For now, we'll continue to work the LLY put-sell trade from yesterday, as well as the Southwest (LUV) trade from last week. Still haven't been filled on that one either. New Trades! Glaxosmithkline (GSK) Yes, we currently have a put-sell position on GSK for the March 2018 $32 puts which are very much in the black for us. But we want to take advantage of the recent move lower in the stock and sell some more put options. Here's what you can choose to do: Sell (sell-to-open) the GSK June 2018 $31 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a $.25 bid/$.35 offer, so I don't think we'll have any trouble getting filled. You can even try to see if you can sell some at $.30 per contract first. If no one bites, then you can sell at $.25 per. It's ok if you already have the March put-sell position. We are establishing a second position in the stock. Merck & Co. (MRK) Same for MRK - we have a position already in the April 2018 $47.50 puts, but we're going for more. Sell (sell-to-open) the MRK July 2018 $45 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a $.23 bid/$.30 offer, so we may not get filled on it, but let's give it a try. Get those orders in now and let us know how you do. That's all for now. Continue to hold all other positions as-is and continue to work all other unfilled trades as-is. I'll have the Q&A alert out later today. Continue to contact me here Regards,

Lee Let's Grab That Cash!

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