New Trade!

New Trade! Hello Smart Option Sellers! The market has had an incredible bounce since December 26, 2018 - gaining almost all of the ground that was lost during that rough December. No doubt, we are probably in for a pause, or at least a bit of a pull-back from the current swing higher. So that's as good a time as any to hop into a new trade. And, it's a familiar name. Advanced Micro Devices Yes, we just recently closed out a profitable put-sell on AMD, albeit a smaller one than I would've liked. This was due to closing out the trade prior to AMD's earnings report in case the release was a dud. AMD rallied on great earnings, and had we held our ground, we could've made a bit more profit. But, I always stress safety first. Anyway, with earnings out of the way and AMD stock undergoing a slight pull-back of late, it makes sense to jump on a new put-sell, considering that I believe the stock will soon rally again. Here's the current chart. With AMD stock near $23 per share, we'll have a $10 cushion above the strike price, which equates to a fat 43% buffer. Here's what you can choose to do: Sell (sell-to-open) the AMD July 19, 2019 $13 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 $.28 bid/$.30 offer, so we should be able to sell these higher than $.25 right off the bat (selling for $.28 is better than selling at $.25). Do not sell for anything less than $.25 per. 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!

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