New Trade! Hello Smart Option Sellers! Let's kick off this weekend with a new trade. Intel Corp. (INTC) This company really doesn't need any kind of introduction. We've already played INTC successfully five times since Smart Option Seller's inception. And we're going back for more. INTC released earnings after the close yesterday in which they beat on EPS but missed on revenue expectations. But it was their lowered forward guidance which has hit the stock to the downside this morning to the tune of $3 per share, putting the stock near $46.70. I've always loved INTC as a stock for put-selling, and we're hopping into a new trade today. Here's what you can choose to do: Sell (sell-to-open) the INTC June 21, 2019 $32 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this option has a market of $.23 bid/$.28 offer, so let's see if we can sell some for at least $.25 per contract or higher. Pro tip: enter your sell order somewhere between the bid/ask spread, as this will help you get the best sale price. Do not sell it right at the prevailing bid price. If you do, you're giving the market-makers what they want - cheaper buy prices for them. Don't do it! Ok, that's all for now. Get those orders in and let us know how you do. Continue to hold all other open positions as-is. Contact me here with fills, comments, questions or concerns. Regards,
Lee Let's Grab That Cash!