Time For More Profits!
Time For More Profits! Hello Smart Option Sellers! Yep, time to ring the register again. I've been waiting for this position to finally come around, and now it's time. Eli Lilly (LLY) We have a put-sell position on LLY that expires next month, but the option price has finally hit the 80% Rule threshold, so it's time to lock it in. Here's what you can choose to do: Buy back (buy-to-close) all of your LLY July 18, 2018 $60 put options for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option has a market of $.01 bid/$.06 offer, so I believe we will have no problem getting filled. It has already traded at $.04 per contract today, so when placing your order, try putting in a $.03 or $.04 bid first, to see if the market bites. If not, then you can move up to a $.05 bid. Get those orders in there and let us know how you do. That's all for now. Continue to hold all other positions as-is. Contact me here Regards,
Lee Let's Grab That Cash!