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New Trade!

New Trade! Hello Smart Option Sellers! Happy Friday! No time to waste. A new trade is upon us. Intel Corp. (INTC) One of my favorite stocks - and a favorite for Smart Option Seller, as well. We've successfully played INTC six times already since our inception in 2017. And we're going back for lucky #7! INTC released earnings after the bell yesterday, and although they beat Q1 estimates, they gave slightly lower guidance moving forward. It's always the future potential of a company that will send a stock higher or lower. Quite honestly though, I see the $4.50 per share drop this morning as being an excellent opportunity to establish a new put-sell position. Here's the current chart. With INTC stock near $53.10, we're going to hop into a trade with a $13.10 cushion, which is on top of the $4.50 drop it's already undergoing today. That equates to a nice 24.5% buffer. Here's what you can choose to do: Sell (sell-to-open) the INTC September 20, 2019 $40 put options for a limit sell price of $0.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a market of $.25 bid/$.30 offer, so we should be able to sell these right off the bat. Remember, try placing your offer somewhere between the current bid/ask market. We don't want to jam the bids as that helps scare away the buyers. Do not sell for anything less than $.25 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. I'll have the Friday Q&A out a bit later today. Regards,

Lee Let's Grab That Cash!

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