I'm Back...Profit Time!
Profit Time! Hello Smart Option Sellers! Hope everyone had a good weekend. I'm back from Spring Break and ready to go! Seems like the market was very good to us over the last week as it moved higher every day. This makes for ideal profit-taking conditions, so let's get to it. Emerson Electric (EMR) We currently hold a put-sell position on EMR which has reached the "80 Rule" threshold. You know what that means - time to lock in gains. When the put option price has lost 80% of its value since the day we originally sold it - that's our cue to buy it back. Here's what you can choose to do: Note: you will only execute today's 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 EMR June 21, 2019 $45 put options for a limit buy price of $0.05 per contract, GTC, as a closing transaction (buy-to-close). I've already heard from a handful of you who emailed last week that you proactively closed this position at $.05 or cheaper. Well done! For the rest of us, today's the day we officially try to close it out. Currently, this put option has a market of no bid/$.10 offer, so we should be able to buy them back at our price of $.05 per. If you don't get filled right off the bat, make sure your order is working "GTC". Get those orders in there and let us know how you do. Vertical Spread Trader As mentioned last week, our newest trading service - Vertical Spread Trader (VST) - will be opening to the public later tonight. Please re-read the alert from Friday March 29 if you need a refresher. Now is your last chance to lock in the reduced pricing which will never increase for you. It's available for $995 per year or $99 per month. The new price will be $1,195 per year or $119 per month. I urge anyone who has not signed up yet (or still sitting on the fence) to lock in the current price now before tonight (roughly 9pm EST). Many of you who voted "very interested" in our poll have not come forward yet. Now's your chance. Please click here to be taken to the VST sign-up page. If you have any questions, don't hesitate to shoot me an email. That's all for now. I will have more updates this week as I catch up on all the trading action. 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!