Let's Lock In Another Winner
Locking In Another Winner! Hello Smart Option Sellers! Happy Friday! Great way to end the week. I'll have the results of yesterday's buy-back order on our Merck put-sell plus the Friday Q&A out to everyone a bit later today, but first we need to place an order to take gains on another position we have. Verizon (VZ) VZ has reached the 80% Rule threshold, so it's time to lock in more profits. Here's what you can choose to do: Note: If you have this put-sell position in your account, then you will execute the buy-back order today. If you don't have the position, then you can disregard these instructions and cancel any current sell-to-open orders you may have. Buy back (buy-to-close) all of your VZ October 19, 2018 $39 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 $.04 bid/$.05 offer, so we should be able to get a bunch of these right off the bat. Some of you have emailed me this week to let me know that you already placed this trade and have been filled. I love that you're being proactive! Seems many of you know the drill! If you don't get filled today, just keep your $.05 bid working in the market GTC. Get those orders in now and let us know how you do. Remember, if you were never filled on the original VZ sell-to-open order, then you will outright cancel it now. You also will not execute the buy-back order listed above. That's all for now. Continue to hold all other positions as-is. Look for the other alert later today. Contact me here Regards,
Lee Let's Grab That Cash!