More Profit Time!
More Profit Time! Hello Smart Option Sellers! Time to lock in more gains. If you've been with us for awhile, you might notice that our trades come in bunches, both when opening them and when closing them. At the moment, we're starting to see our June 2019 positions come to fruition. Kellogg (K) We currently hold a put-sell position on K 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 K June 21, 2019 $42.50 put options for a limit buy price of $0.05 per contract, GTC, as a closing transaction (buy-to-close). This put option has traded at $.05 per over the last few days and currently has a market of zero bid/$.10 offer, so I'm confident we will get filled at our buy price of $.05 per contract. Do not pay more than $.05 per contract. Get those orders in and let us know how you do. That's all for now. 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!