A Trio Of New Trades!

A Trio Of New Trades! Hello Smart Option Sellers! Ok, let's go! I have three new trades for everyone today so no time to waste. Sysco (SYY) Not to be confused with Cisco (CSCO), SYY is one of the biggest, if not the biggest, food distributor in the world. It delivers all kinds of food and non-food items (plates, napkins, cups) to just about every kind of business - restaurants, colleges, hospitals, nursing homes, hotels, etc. Bottom-line, they're the biggest and the best. And it's time to hop into a new trade. Here's what you can choose to do: Sell (sell-to-open) the SYY November 15, 2019 $55 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 wide bid/ask market of $.15 bid/$.40 offer, so let's see if we can get it done at $.25 per. It closed yesterday at $.30 per contract. With SYY stock currently near $71.60, it gives us a good $16.60 cushion above the strike price, which equates to a nice 23% buffer. Here's the current chart. CSX Corp (CSX) CSX is a new pick to Smart Option Seller that we have not used before. We tend to recycle the same stocks over and over, so let's see if CSX can be added to the rotation. CSX is a leader in the railroad & freight industry and just released earnings yesterday. The results were less than desired and the stock price suffered. It has lost about $10 per share in the last two days. Here's the current chart. You know how I love to get involved with quality stocks after they've taken a temporary beating. Let's jump into a new play here. Here's what you can choose to do: Sell (sell-to-open) the CSX November 15, 2019 $50 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 bid/ask market of $.26 bid/$.30 offer, so we should have no problem selling for at least $.25 per. Remember, try to start your offer price somewhere between the bid/ask market when you get to your trading platform. With CSX stock currently near $70.30, it gives us a good $21.30 cushion above the strike price, which equates to a healthy 30% buffer. Solid! Vanguard Dividend Appreciation Fund (VIG) This trade is actually an unofficial recommendation, only because the price of the stock is well above our $50 per share threshold. VIG is an exchange-traded-fund (ETF) that tracks some of the best and strongest dividend-paying stocks. You also know how I love to tout our trades in which the stocks are part of the "Dividend Aristocrats" list. These are stocks which have increased their dividend payout every year for at least 25 years in a row. Well, VIG is made up of many of those high quality stocks all in one shot. It's an incredible opportunity, even if you just wanted to buy the shares outright. Anyway, as an unofficial trade, you can decide if you want to get involved. Here's what you can choose to do: Sell (sell-to-open) the VIG November 15, 2019 $95 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 bid/ask market of $.25 bid/$.40 offer, so you should have no problem selling for at least $.25 per. Remember, try to start your offer price somewhere between the bid/ask market when you get to your trading platform. With VIG stock currently near $117.45, it gives a good $22.45 cushion above the strike price, which equates to a solid 19% buffer. Here's the current chart. Remember, this is an unofficial trade, so I won't be tracking it. Ok, that's all for now. Get those trades 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,