Trade Update - AA
Trade Update - Alcoa (AA) Hello Smart Option Sellers! These weekends go by way too fast. I could use 5 more days! Are you with me? The volatility in the markets is still here and probably will be for the immediate future, so expect a bit more back and forth and larger price swings. If you watch the markets minute to minute like I do, it can definitely be a source of stress. But it's best to concentrate on the longer-term picture and not get caught up in the short-term gyrations. I can only see this recent sell-off as opportunities for neutral-bullish positions like the ones we take at Smart Option Seller. Although we may be seeing slightly underwater positions at the moment in our portfolio, you have to remember, that the only way we can potentially see losses is if the stocks fall below (and remain below) the strike price of each trade. So far, that is not the case with any of our positions. So, keep calm and put-sell on! (is that the next t-shirt?!) Let's go over Friday's results of our new Alcoa put-sell trade. Prices traded within a decent range, with the highest fills coming early in the day. As time wore on and the stock rallied, the put option prices started to fade. Fills went across between $.25 to $.32 per contract, with a majority clustered between $.27 to $.30 per contract. So with that, we'll take $.28 as the official mark. Here's what we did: Sold (sold-to-open) the AA January 2019 $28 put options for an official sale price of $.28 per contract as an opening transaction (sold-to-open). If you did not place your trade yet, make sure to designate the sell price as "GTC" for $.25 per contract or higher. DO NOT sell for any price lower than $.25 per contract. That's all for now. Continue to hold all other positions as-is. Contact me here Regards,
Lee Let's Grab That Cash!
Current Portfolio Continue to work all other trades as instructed and continue to hold all other open positions as-is. See the Current Portfolio below for current prices & instructions. Note on the Current Portfolio - if you are a new subscriber and don't have a position yet on any of our trades, make sure you enter your order at the original recommended sell prices. Do no enter any order unless the current option price is at, or higher, than the official recommendation. If you are unsure or have any questions, please ask us!