Profits x 2!
Profits x 2! Hello Smart Option Sellers! Let's build on our earlier buy-back trade and close out another one. The market has really popped today, which is bringing down the put option prices. That's fantastic news for us. Let's go for win #2 today. Intel Corp. (INTC) We currently have a put-sell position in INTC which is also very near my "80% Rule" threshold, so let's lock it in. Here's what you can do: Note: you will only execute this trade if you already hold the put-sell position in your account. If you don't have the position, you can disregard these instructions. Buy back (buy-to-close) all of your INTC January 19, 2019 $35 put options for a limit buy price of $.06 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option has a market of $.05 bid/$.06 offer, so we should have no problem closing it out. Once again, we are somewhat close to expiration, and the chances are this option could expire worthless. But officially, we are going to follow our rules and get out of the trade now. If you decide to close it out today, 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!