A Duo Of New Trades! Let's Go!

New Trades! Hello Smart Option Sellers! It's Friday! And we made it through another week! All the stock indices (Dow, S&P 500, & Nasdaq) have clearly broken out to the upside this week. On my charts of each (not shown), the indices had been churning in a sideways triangle pattern with lots of ups and downs, and forming into a tighter range. When this type of set-up occurs, the market will finally breakout to one side or the other (higher or lower), and will continue in that direction. As it seems now, that direction is higher. The triangle pattern looks like this (which is a great site by the way for learning simple chart patterns). If you pull up a current chart of any of the stock indices, you will be able to see the triangle patterns. Anyway, this all bodes well for what seems to be higher prices for the near-term future. This will greatly help our current put-sell positions reach their profitability. And with the recent moves higher, I feel more confident about getting us into new plays. Which leads us to today's alert. A Duo Of Opportunities We're going to jump into two new plays today. But there's a catch. It's with positions that we already have. No biggie though, as both of these current positions are on the cusp of hitting the "80% Rule" threshold. Everyone knows what that is, right? I foresee us taking profits on those positions soon, so it makes total sense to engage these positions in new trades as well. If you've been with us long enough, you know that we like to recycle trades and use them over and over again. Why not! If they work, we'll continue to use them. Let's get to it! Here's what you can choose to: Verizon We currently have a put-sell position on VZ for the July 20, 2018 $39 puts. Those are currently priced at $.05 bid/$.09 offer, and we will be closing it out soon. For now, here's the new trade: Sell (sell-to-open) the VZ October 19, 2018 $39 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 $.27 bid/$.31 offer, so you will be able to sell at higher than $.25 at the moment. Try to get filled between the bid/ask if you can. The higher the sale price, the better. VZ stock is currently at $48.75, which gives us about a $10 cushion (about 20%). We're selling the same strike price as our current July position. Merck (MRK) We also have a current put-sell position for the MRK July 20, 2018 $45 puts, which are currently priced at $.07 bid/$.10 offer. We should be closing that one out soon, but let's get started on a new one. Here's the trade: Sell (sell-to-open) the MRK October 19, 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 market of $.23 bid/$.30 offer, so let's see if we can get this one done. Place your offer near $.27 or $.28 per contract to start, to see if someone bites. If not, you can move it lower to $.25 per. Do Not sell for anything less than $.25 per contract. MRK stock is currently at $58.50, which gives us about a $13.50 cushion (about 22%). We're selling the same strike price as our current July position. That's it! Get your orders in there now and let us know how you do. Continue to hold all other positions as-is. Contact me here Regards,

Lee Let's Grab That Cash!

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Current Portfolio Continue to work all other trades as instructed and continue to hold all other open positions as-is. See the Current Portfolio below for current prices & instructions. Note on the Current Portfolio - if you are a new subscriber and don't have a position yet on any of our trades, make sure you enter your order at the original recommended sell prices. Do no enter any order unless the current option price is at, or higher, than the official recommendation. If you are unsure or have any questions, please ask us!