Profit Time! Hello Smart Option Sellers! Let's get to this one quickly as the markets are only open for a half day. Trading ceases at 1pm ET for the July 4th holiday. Merck & Co. (MRK) We currently have a put-sell position on MRK which has reached the "80% Rule" threshold. That's our cue to take profits and lock in the gains. 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 MRK September 20, 2019 $55 put options for a limit buy price of $0.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option has a market of $.04 bid/$.05 offer, so we should definitely be able to buy these no problem. If for some reason you don't get filled, just keep your order working "GTC" for trading on Friday. Get those orders in there right away and let us know how you do. That's all for today. Continue to hold all other open positions as-is. Contact us here with fills, comments, questions or concerns. Enjoy the holiday! Regards,
Lee Let's Grab That Cash!