Profit Results - PFE & AMD
Profit Results Hello Smart Option Sellers! Hope everyone had a great weekend. We were able to lock in profits on both buy-back trades on Friday. Let's go over the results. Pfizer (PFE) Here's what we did: Bought back (bought-to-close) all of the PFE December 20, 2019 $27 put option contracts for an official buy price of $.06 per contract as a closing transaction (bought-to-close). Fills went across the tape at both $.05 & $.06 per contract, but we'll take the official mark at $.06 per. If you didn't place your trade yet, or didn't get filled on Friday, just continue to work your buy order "GTC" for no more than $.06 per contract. Congrats to those of you who participated. Another winner! Advanced Micro Devices (AMD) Here's what we did: Bought back (bought-to-close) all of the AMD November 15, 2019 $19 put option contracts for an official buy price of $.05 per contract as a closing transaction (bought-to-close). Fills went across the tape between $.03 to $.06 per contract, with a majority at $.04 & $.05 per. We'll take the official mark at $.05 per contract. From roughly 1:40pm ET on Friday until the end of the trading day, this put option was offered at $.04 per contract, so it was easy to get filled at better prices than my official recommendation. If you didn't place your trade yet, or didn't get filled on Friday, just continue to work your buy order "GTC" for no more than $.06 per contract. As I type, it's still offered for $.04 per contract. Congrats to those of you who participated. Another winner! Sysco (SYY) Update We continue to work a buy-back trade on our SYY November 15, 2019 $55 put options for a buy price of $.05 per contract. The market is being extremely stubborn on this one. I've seen some $.05 fills go across the tape in dribs & drabs, so if you've been filled, please let me know. It shouldn't take too much longer for all of these to get done. Pending Trades We also have two open pending put-sell trades that have not been filled yet. They are: HACK December 20, 2019 $29 puts CSCO January 17, 2020 $30 puts Let's continue to keep those working for now. No harm in that. Most likely we won't get filled, but you never know. Ok, 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!