Friday Update Hello Smart Option Sellers! It's been one of those quiet weeks for us. There's been nothing jumping out at me as far as new trades go. But, we're riding this current market move higher and watching our put-sell positions decay away - that's good! Sometimes the best course of action is no action. The only thing of note this week was Coca-Cola's (KO) earnings disaster yesterday. The stock dropped about $4 per share, giving it its worst one-day performance in ten years. Here's the current chart. We do have a put-sell position on KO, and if you hadn't been filled yet, then yesterday was most likely your day to get it done. If you had your sell order working at $.25 per contract GTC, then you would've received a fill. I'm not worried about this position at all, as the option price has now retreated back below $.25 per contract, even with the big stock drop. That's the power of selling strikes with such a large downside cushion - they usually don't move too much. At this point, with KO stock down so much, look for the bottom feeders to come out to help stabilize it. Well, that's all for today. No Q&A either, as I haven't received any questions. The markets will be closed on Monday in observance of President's Day, so I'll check in with everyone next week. Continue to hold all other open positions as-is. Contact me here with fills, comments, questions or concerns. Have a great weekend! Regards,
Lee Let's Grab That Cash!
Current Portfolio Continue to work all other trades as instructed and continue to hold all other open positions as-is. See the Current Portfolio below for current prices & instructions. Note on the Current Portfolio - if you are a new subscriber and don't have a position yet on any of our trades, make sure you enter your order at the original recommended prices. If you are unsure or have any questions, please ask us!