Let's Take Advantage Of The Pull-Back - New Trade!

Stocks Down - Let's Trade! Hello Smart Option Sellers! Very exciting week in the markets - for some. We haven't had moves like this in years, especially coming all at once. I understand it can be a little disconcerting seeing the markets sell off so violently. But that's how it always happens. Everyone runs for the exits at the same time, panic ensues, volatility shoots up, and everyone thinks the end is here. And then the same thing happens... The markets go back up and volatility drops. Human behavior never changes, especially when it comes to investing. I've seen the same pattern repeat itself for the 26 years I've been trading. I always stress the fact that the best time to sell put options is when the market is falling - because we can take advantage of the panic and get better prices for our put-sells. And now is no different. Sure it may seem scary, but are you going to argue with over 100 years of stock market history? The market always goes back up. Goodyear Tire (GT) Earnings came out yesterday, so we have that out of the way. Numbers were mixed, but the stock has fallen along with everything else. Here's the current chart. This is the time to strike. Here's what you can choose to do: Sell (sell-to-open) the GT July 2018 $21 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 market of $.20 bid/$.40 offer, so I'm pretty sure we can get filled at $.25 or higher, especially since the stock is moving lower. Try placing a $.30 offer first, to see if someone bites. If not, you can move down to $.25 per contract. With the stock currently at $30 per share, we're giving ourselves another 30% of downside cushion, on top of the 16% it just lost over the last two weeks. I like this play, so get those orders in now and let us know how you do. That's all for now. I will get the Q&A alert out later today after the close. Continue to hold all other trades as-is. Continue to contact me here Regards,

Lee Let's Grab That Cash!

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