Trade Results - ORCL

Trade Update - Oracle Corp (ORCL) Hello Smart Option Sellers! Happy Friday the 13th! We had no problem getting filled on the new ORCL put-sell trade from yesterday. Prices went across the tape between $.25 to $.30 per contract, with a majority centering around $.27 per, so that'll be the official mark. Here's what we did: Sold (sold-to-open) the ORCL January 17, 2020 $40 put options for an official sale price of $.27 per contract as an opening transaction (sold-to-open). If you did not place your trade yesterday, continue to work it "GTC" for $.25 per contract or higher. If you did place the trade, congrats on what I believe will be another winner. Gap Inc. (GPS) We keep talking about GPS. Once again, its stock price is higher this morning and our $18 put-sell position has moved down to about $.06 per contract. It expires next week and we're going to hold through the weekend and most likely close it out then. It has definitely been a wild ride with it, and whether or not you opted for the hedge trade last month, we may be able to squeak out either a very small gain or a very small loss. If anyone feels the need to close out the put-sell today, you are more than welcome to do so. Right now I'm seeing a $.05 bid/$.06 offer (small). Up to you. Officially, we'll hold until next week to see if we can buy it back under $.05 per contract, or possibly let it expire worthless to gain as much as we can. If it gets to under $.05 in the next hour or so, I may send out another alert, so be on the lookout! 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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