Friday Update Hello Smart Option Sellers! Happy Friday! As we continue to watch the volatility play out in the markets, we'll be very selective with any new put-sell trades we initiate. The rally from the end of October has been quite impressive, but looks to be taking a bit of a breather today. For now, we'll hold our current positions and let time decay take over. That's the process of an option contract losing a little bit of its value everyday just due to the sheer passage of time, regardless of which way the stock moves. It's an option seller's (that's us!) best friend. A decaying option price is exactly what we want as it will eventually allow us to buy back the put option for a cheaper price than what we originally sold it for. Sell high, buy low - in that order. So on that note, we'll sit and wait patiently. In the mean-time, we had a few members write to us recently asking for an update on the upcoming option credit spread service we'll be rolling out in the near future. Vertical Spread Trader (the new service) is still a go, and I'm getting all the details set up. I'm still shooting for launch by year-end 2018 or early 2019. I highlighted some of the details about the service in the October 19 and September 25 alerts. You can check your emails for those past issues, or go to the website and find them in the archives of the members-only section. With the limited-risk, limited-reward feature of option spreads, it can give peace of mind knowing that any losses will always be capped and known ahead of time. This is comforting, especially when we get extremely volatile markets like we currently have. I will give more updates when I have them. Well, that's all for today. Continue to hold all other positions as-is. Have a great weekend! Contact me here Regards,
Lee Let's Grab That Cash!