Thursday Update

Thursday Update Hello Smart Option Sellers! Just a quick note... I will be out of the office today & tomorrow, so this will be the only alert for the week. As you may be aware, the stock indices continue to creep higher, with the S&P500 just hitting all-time new highs on Tuesday. I guess it was only a matter of time. This slow churn higher is great for our put-sell positions as it continues to erode the put option prices, making them that much closer to profit-taking time. On the flip-side, it has the effect of making it a tad harder to find quality new put-sell plays. The slow summer months can keep a lid on volatility, which keeps option prices cheaper than where we'd like to sell them. So what do we do? We patiently bide our time until the markets get back into full swing. As I've mentioned many times in our Q&A alerts - it makes no sense to force a trade. If you do, you'll get involved with a less-than-ideal situation, which can lead to quick losses. We don't want that! So sit tight and enjoy the last few days of summer. I will be back next week with more updates, and maybe even a new trade. As far as an update to last week's poll on the potential new option credit spread service - results and questions have been coming in, but I need more of you to register your vote. Please read last week's alert and give us your choice. You can only vote from within that alert. I hope to have final results within a week or two. This can be a beneficial service to all of us. Thank you! That's all for now. Continue to hold all positions as-is. Talk to everyone next week. Contact me here Regards,