Profit Time! Hello Smart Option Sellers! No time to waste! It's time to lock in profits on one of our put-sell positions. Advanced Micro Devices (AMD) We currently have a put-sell position on AMD that has reached the "80% Rule" threshold. This is our cue to buy back the position to lock in the gains. When a put option price has declined 80% from our original sell entry, we buy it back. Hence, the 80% Rule. Here's what you can choose to do: Note: you will only execute this buy-back 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 AMD October 19, 2019 $18 put options for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Currently, this put option has a bid/ask market of $.03 bid/$.05 offer, so we should have no problem getting filled. Pro tip: try to place your buy order at $.04 to start. You might get filled. Buying at $.04 is better than buying at $.05! Either way, do not pay more than $.05 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 us here with fills, comments, questions or concerns. Regards,
Lee Let's Grab That Cash!