New Trade!

New Trade! Hello Smart Option Sellers! With the markets coming off, a new trade just came across my screens, so let's hop to! Nike, Inc. (NKE) One of the biggest and best brands on the planet! Hard to refute that. Besides maybe McDonald's, I think Nike could be the most recognizable, as well. Their merchandise is worn around the globe, and sponsors some of the best athletes in the world. I've been wanting to sell put options on NKE for some time now, and with the stock's never-ending bullish run, it's been hard to pull the trigger. But it's recently gone on a roughly $7 pull-back over the last few weeks and I think we've found our entry. With stocks dropping, these can make for some of the best entry points, even if it feels counter intuitive. We like market dips because people panic. And when they panic, they pay up for the protection that we're offering. So let's hop into a new trade. Here's what you can choose to do: Sell (sell-to-open) the NKE January 18, 2019 $60 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Although we try to stick to stocks priced $50 and under, we will make exceptions from time to time, especially if it's a great opportunity. Currently, this put option has a market of $.24 bid/$.26 offer, so we'll work our $.25 sell price right in the middle of that spread. We may or may not get the trade done right off the bat. I'm hoping for a little bit more of a sell-off that would pop the put option prices to where we need them. I was thinking of using the $62.50 put options, which are priced a bit higher, but I want to see if we can get the $60s first. It would give us another $2.50 of cushion. If it doesn't look like we will get the $60s, we may tweak the order and use the $62.50s instead. For now, let's work on trying to sell the $60 puts. Get those trades in there now and let us know how you do. That's all for now. Contact me here Regards,

Lee Let's Grab That Cash!

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