New Trade! Hello Smart Option Sellers! Time to jump in! Yes, we've recently talked about all the selling going on, and that President Trump's new tariff plans for China could set off more selling, But I truly believe that both the U.S. & China are smarter than that, and don't want a world-wide economic melt-down. Sure, things could be a bit more volatile in the near future, but let's use this recent pull-back to dip our toes into a play that we've had lots of success with before. Prime Cyber Security ETF (HACK) We've played HACK successfully three times already at Smart Option Seller, and its recent dip in price is a prime spot for us to jump in. There's no question that the need for ever-increasing security is paramount to running a successful business online. That includes all types of businesses, even government operations. Having your company protected from hackers is a booming industry, and investing in an ETF that holds many of the major players is a great idea. HACK holds cyber security stocks such as Symantec (SYMC), FireEye (FEYE), Palo Alto (PANW), and Fortinet (FTNT), to name a few. So let's jump into a new put-sell play. Here's what you can choose to do: Sell (sell-to-open) the HACK September 20, 2019 $31 put options for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, the market for this put option is $.20 bid/$.35 offer. I would suggest entering your order at an offer price of $.30 per contract to start to see if anyone bites. If not, you can adjust your sale price down to $.25 per contract. Let's be smart and get the most we can. Right now, HACK stock is trading at $39.35 per share, which would give us over $8 per share of downside cushion, which equates to a 21% buffer. Good? That 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 us here with fills, comments, questions or concerns. Regards,
Lee Let's Grab That Cash!