Trade Wrap-Up And Friday Q&A
Trade Wrap-Up Hello Smart Option Sellers! See what a little dip in the market could do for us? We were able to get filled on both the Wal-Mart (WMT) and the Lowe's (LOW) put-sell trades. Let's go over the official results. Lowe's (LOW) LOW stock came off about $2 per share yesterday, which put it right near where it was trading on Wednesday when I first wrote up the put-sell alert. On that day, I had mentioned that the $60 put option had a fair value of roughly $.35 per contract, but the stock took off higher as usual, and some of our members put the pressure on the option with their offers at $.30 per contract. With the stock drop yesterday, it allowed the rest of the gang to get filled as the contract traded between $.30 - $.41 per contract by day's end. We'll take the official mark at an average price of $.33 per contract, as most were filled near that lower end of the range. Here's what we did: Sold (sold-to-open) the LOW July 2018 $60 put options for an official sale price of $.33 per contract as an opening transaction (sold-to-open). With the stock market coming off again this morning, we will definitely see higher put option prices today. Everyone should definitely be filled by now on LOW, but if you haven't, you can still get your sell order done at even higher prices today. Wal-Mart (WMT) Again, with the whole market down so far today (and yesterday), it took WMT with it, and has reached the downside objective I was looking for. This allowed us to get filled on the $55 put-sell we placed yesterday. Here's what we did: Sold (sold-to-open) the WMT September 2018 $55 put options for an official sale price of $.25 per contract as an opening transaction (sold-to-open).