Time For More Profits!
Time For More Profits! Hello Smart Option Sellers! Hope everyone had a good weekend. Let's start this Monday off with some profit-taking. Prime Cyber Security ETF (HACK) Yes! It's finally time to lock in our gains on HACK. We've gotten lots of questions on why this one's taking so long and why HACK's option price bid/ask spreads are so wide. Who cares! Let's go! 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 HACK September 20, 2019 $32 put options for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). As we know, the bid/ask markets on HACK seem to be very wide, with it currently being zero bid/$.15 offer, so let's see if we can get filled here at $.05 per. It has already traded at $.05 on both Friday last week and this morning. So get those orders in there now and let us know how you do. Do not pay more than $.05 per contract. We've got Merck (MRK) and Verizon (VZ) earnings coming up in the next two days, and we hold put-sell positions on each. I don't plan on taking any action beforehand. 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!