Trade Update - BIG

Trade Update - Big Lots (BIG) Hello Smart Option Sellers! Hope everyone enjoyed the long weekend. Let's go over the trade details from last Friday's new put-sell play on BIG. Sales went across the tape in a pretty wide range, with fills coming in between $.30 to $.47 per contract from the time the alert went out. I heard from a number of you who had an average price of roughly $.38 per contract. That's where we'll take the official mark. Here's what we did: Sold (sold-to-open) the BIG January 18, 2019 $32.50 put options for an official sale price of $.38 per contract as an opening transaction (sold-to-open). I was hoping to get a little higher average sale price on this one, considering how weak the stock was during the day, but I'm very content with the trade overall. When a stock is on a down-move, we have the upper hand as put-sellers, as investors need to come to us for protection (put-buying). Standing your ground and holding out for better sale prices is easier to do in that environment. That's why I stress to be patient with your orders. Don't worry though, I will make you all better and smarter option traders over time! If you did not place your trade on Friday, you can still do so now at favorable prices. With the stock down another $1.75 this morning, the put option has a market of $.45 bid/$.50 offer, so you can do even better than our official mark. Good work everyone! 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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