Time To Revisit An Old Friend - New Trade!

Time To Revisit An Old Friend - New Trade! Hello Smart Option Sellers! No time to waste. We're hopping into a new put-sell play today on one of our favorite stocks. Intel Corp (INTC) Intel has been very good to us as a profitable play - not only since Smart Option Seller launched in January 2017, but also during the 8-year run at Instant Money Trader (my previous service). Let's go in for another round. INTC has had a large pull-back of late - nearing $9 in just the last few weeks alone. You don't get many chances like that, as $9 pull-backs in INTC are very rare. Plus, it's getting into severe oversold levels. You know how I love selling puts on quality stocks after large down-moves. It's our go-to set-up! It's currently sitting near $49 per share. See the chart here. With that, let's jump on it. Here's what you can choose to do: Sell (sell-to-open) the INTC October 19, 2018 $37 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). With the stock near $49, we'll have a solid $12 cushion (24%) above the $37 strike price. Currently, this put option has a market of $.26 bid/$.30 offer, so we should be able to sell at $.25 or better. I'm showing fair value near $.28 per contract. Remember my rules about "working" your orders - start with an offer price within the bid/ask spread.. Be smart and let's get the best prices possible. Get those orders in quickly 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!

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