Profit Time! Hello Smart Option Sellers! Advanced Micro Devices (AMD) We currently hold a put-sell position on AMD for the February 2019 $15 put options. Although the option price hasn't quite reached the "80 Rule" threshold yet, I want to get a jump on taking profits before AMD's earnings report which comes after the close tomorrow (January 29th). With the volatility in the market of late, it makes sense to grab our gains and move on, especially if AMD produces a dud tomorrow. Here's what you can choose to 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 AMD February 15, 2019 $15 put options for a limit buy price of $.10 per contract or lower, GTC, as a closing transaction (buy-to-close). Currently, this put option has a market of $.10 bid/$.11 offer, so let's see if we can get some of these today (or tomorrow). AMD stock is volatile too, so the option will probably fluctuate above and below $.10 in the near-term. If we can't get any done today, I will update the trade for tomorrow. I just want everyone to be on alert, that's why I'm giving the instructions now. On the flip-side, if you want to roll the dice and hang on, that's entirely fine too. If AMD has good earnings, the put option price will drop, and allow for better fills. Or, you can completely hold the trade until next month and wait to see if it will expire worthless. Officially, we will be trying to buy it back for $.10 per contract. That's all for now. Get those orders in there 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!