Time To Grab Gains...

Time to Grab Gains... Hello Smart Option Sellers! Looks like the market just got a nice boost this morning as it is up over 400 points on the Dow Industrials. On the charts, it has finally blasted through its channel resistance and the 50-day moving average. This could lead to a sustained rally here. Plus, with word this morning that the U.S. and China have set dates to talk next month, I believe the rally will have legs to it. This is good! But for now, it's time to lock in gains on one of our current positions as it has reached the "80% Rule" threshold. Intel Corp. (INTC) I love Intel! This is the 8th time we've engaged INTC for a put-sell since Smart Option Seller's inception in 2017. It has not let us down yet. 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 October 18, 2019 $37 put option contracts 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 market of $.02 bid/$.04 offer, so we should have no problem closing this trade out. Remember, buying at $.04 is better than buying at $.05! Also, if you're feeling good about INTC's movement, you could opt to hold and see if expires worthless next month. If you do, it could provide a few more dollars of profit and possibly save on a commission. It's up to you. Officially, we are getting out today by following the 80% Rule. Do not pay more than $.05 per contract on this buy-back trade. Get those orders in there and let us know how you do. 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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