New Trade!

New Trade! Hello Smart Option Sellers! No time to waste...time to hop into a new trade! I know we've been sitting on our hands the last few weeks waiting out the summer doldrums, but it's better to be smart with our money instead of forcing a mediocre trade. Kellogg (K) Kellogg is one of the best known food & cereal makers in the world. It's also no stranger to the Smart Option Seller portfolio, as we've played it profitably two times before. I like the uptrend it's been in since early May and it looks like it's taking a breather here before the next potential upside move. Here's the current chart. Let's jump in before the next leg higher. Here's what you can choose to do: Sell (sell-to-open) the K January 18, 2019 $55 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). With K stock near $71.50 per share, selling the $55 put option gives us a nice $16.50 per share cushion, which is roughly 23% below the stock price. Currently, this put option has a market of $.25 bid/$.35 offer, so we should be able to sell a bunch right off the bat. Considering the bid/ask spread is $.10 wide at the moment, try offering $.30 per contract to start as you may be able to get the sale off at that price. It's better to haggle a bit before selling right at the bid price ($.25). If you offer $.30 per contract and no one bites, then you can go ahead and sell it at $.25 per. Listen, if you don't try, you'll never know! Get those orders in now 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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