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Let's Grab More Gains

Locking In More Profits Hello Smart Option Sellers! I will be heading out of town for a few days, but before I leave, I want to try to lock in more profits. Intel Corp (INTC) Our put-sell position in INTC has reached the "80% Rule" threshold, so it's go time. 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 INTC September 20, 2019 $40 put options for a limit buy price of $.07 per contract or cheaper, GTC, as a closing transaction (buy-to-close). Our official entry on this trade was a sale price of $.37 per contract, so buying it back at $.07 per contract will give us the 80% level. Currently, the bid/ask market on this put option is $.06 bid/$.08 offer, so let's see if we can get filled today at $.07 per. If you don't get filled right away, just keep your order working "GTC". Get those orders in and let us know how you do. Do not pay more than $.07 per contract. I'll check back in with everyone next week. The rest of our positions are fine and the only earnings report coming out while I'm away is Verizon's (VZ) tomorrow. I don't foresee any major fireworks with that one. If the stock happens to rally and takes the put option price to the 80% Rule level, then by all means lock in those gains. That's all for now. 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!

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