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New Trade!

New Trade! Hello Smart Option Sellers! I thought this week was going to be quiet. Not so! Even though we have a shortened trading week because of the Thanksgiving holiday, the markets want to keep pushing. So let's play! The sell-off continues this week, but we have hit some exhaustion to the downside (at the moment). Let's jump on a new put-sell trade to take advantage of this down-move and the increased volatility. Paypal (PYPL) This 20-year old company is the king of online payments for customers and businesses, both big and small. Even I use them to process payments on The Smart Option Seller website. Other than Square (SQ), I love PYPL as an opportunity to scale into this segment of the market. With the pull-back of late, we have a great opportunity to hop into a new PYPL put-sell position. Here's the current chart. With PYPL stock currently near $78.50 per share, we're going to enter a trade that gives us over $33 of downside cushion. That's a 42% buffer. If you believe in PYPL, here's what you can choose to do: Sell (sell-to-open) the PYPL February 2019 $45 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a market of $.25 bid/$.33 offer, so we should be able to sell a bunch right off the bat. I implore you to place your initial sell order in between the bid/ask spread. Start your offer at $.30 per contract, for example. If no one bites, then you can incrementally lower your offer. People are panicked out there. They're looking to buy put options. Don't sell them for less than you should. Fight for the best price. Bottomline, DO NOT sell for anything less than $.25 per contract. That's all for now. Get those orders in there and let us know how you do. Continue to hold all other positions as-is. Contact me here with fills, comments, questions or concerns. Regards,

Lee Let's Grab That Cash!

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