Another New Trade!

Another New Trade! Hello Smart Option Sellers! I'll send an update a tad later on the new put-sell trade we entered yesterday on EMR. But for now, I want to get another new trade out to you pronto. We need to take advantage of the recent pull-back in the market and hop into this one. Oracle (ORCL) Yes, we already have a put-sell position in ORCL for the September 2018 $35 puts. But we're going to add to that using a different month with a different strike price. Here's what you can choose to do: Sell (sell-to-open) the ORCL December 21, 2018 $33 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, ORCL stock is near $44.50 per share, which will give us a solid $11.50 per share cushion (26%). The market on this put option is $.25 bid/$.28 offer, so we should be able to sell at $.25 or higher. Be gentle on this one. If we bang on the $.25 bid price right away, we'll probably scare the market-makers a bit, and that will cause them to lower their bid prices. Offer $.27 or $.26 to start and see what happens. If no one bites, then you can lower your offer price down to $.25 per. In the end, do not sell for anything less than $.25 per contract. That's all for now. Get those orders in there 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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