Profit Time! Hello Smart Option Sellers! Late day entry, but the price is right! One of our put-sell positions has just reached the "80% Rule" threshold, so let's jump on the gains. Please read the instructions carefully as this is going to be a "day-only" order, not a "GTC" order. Very important! Emerson Electric (EMR) 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 EMR December 20, 2019 $40 put option contracts for a limit buy price of $.05 per contract, Day-Only, as a closing transaction (buy-to-close). Currently, this put option is offered at $.05 per contract, so we should have no problem getting filled. Remember, this is Day-Only order, not GTC. We don't want to leave $.05 bids in place if you are not filled by the end of today. If you are not filled today, make sure your order is cancelled. I will send another update tomorrow. Quick note: we have a put-sell position on CSX Corp (CSX) which releases earnings after the bell today. The option price is very close to our 80% Rule threshold, so we'll keep an eye on it for tomorrow if the stock pops. If the stock drops, we'll continue to watch and hold. Ok, that's all for now. Get those EMR orders in there and let us know how you do. 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!