Trade Updates - INTC & SYY

Trade Updates Hello Smart Option Sellers! While fills are going through on the new trades I sent out earlier today (will have details tomorrow), let's go over two trades that occurred right before and after I went away last week. Sysco (SYY) We had been working a put-sell on SYY for almost two weeks before it filled at our price. Here's what we did: Sold (sold-to-open) the SYY November 15, 2019 $55 put options for an official sale price of $0.25 per contract as an opening transaction (sold-to-open). If you had your order working "GTC" at $.25 per contract since the recommendation came out, then you have been filled by now. I like this trade and I'm glad we were able to get in. Great job everyone! Intel Corp. (INTC) Before I went on my trip, we placed a buy-back order on our INTC put-sell position to take profits. If you had acted on it, then you definitely were filled. If not, then you are seeing what can happen when stocks sell off quickly, as the put option price has exploded back up again. This is also the reason why we acted on a new trade today. Here's what we did (last week): Bought back (bought-to-close) all of the INTC September 20, 2019 $40 put options for an official buy price of $.07 per contract as a closing transaction (bought-to-close). Here are the profit details: We originally established (sold-to-open) this put option on April 26, 2019 for a sale price of $0.37 per contract, and now we took gains by buying it back (bought-to-close) for $0.07 per contract. With the fill at $0.07, it locked in a gain of $0.30 per contract ($30 for every contract traded) and a return on margin (ROM) of roughly 3.75% in just over three month's time. If you like to annualize, that's roughly a 15% return. You might notice, that although our dollar gains are typically the same for each trade, our ROM can fluctuate quite a bit. The reason being - the strike price has everything to do with how much margin you will be required to hold aside, and thus, will affect your ROM. The higher the strike price, the higher the margin requirement. And vice versa. This is the main reason why I like to focus on lower-priced stocks - typically $50 and