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Ok...Now's It's Time To Jump On Wal-Mart

Ok...Now It's Time For Wal-Mart (WMT) Hello Smart Option Sellers! Last week we had talked about WMT and it's massive $10 price drop. Here's the current chart. Many of you had asked if it was time to jump on a new put-sell trade. I had remarked that I wasn't sure the selling was over and I felt it could see a drop to $90 per share or slightly lower. Even so, I gave out an unofficial play for those of you wanting to get in. Well this morning the stock has moved lower and so far touched a low of $88.80, and I'm more comfortable with this level and feel it's time we can make an official stab. Here's what you can choose to do: Sell (sell-to-open) the WMT September 2018 $55 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 market of $.20 bid - $.32 offer, so let's see if we can get it done. Remember, if you don't want to spook the options market-makers, it's in our best interests to place a higher offer price at first, say $.29 per contract and slowly lower it if no one bites. If you charge straight ahead and put in the $.25 offer immediately, it can cause the buyers to back away. This is just how the options markets work. If the stock can stay down at its current levels, and possibly move a bit lower, it will give put option buyers the ammo to want to trade with us. No guarantees we'll get filled but I would rather shoot for the $55 puts instead of the $60 puts. Lowe's (LOW) We got a very small handful of Smart Option Seller members who were filled on this trade yesterday at $.30 per contract. Only 13 contracts went across the tape at $.30 and it was only us who traded it. Everyone else should keep their sell orders working GTC at $.30 per contract or higher. Let's give this one a chance to work, especially if we see some more downside action in the market. If it looks like it won't budge in a few days, I may tweak the order. That's all for now. Get those WMT orders in there and let us know how you do. Continue to contact me here Regards,

Lee Let's Grab That Cash!

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