Friday Update

Friday Update Hello Smart Option Sellers! Happy Friday! Pretty quiet for us here at Smart Option Seller this week. Although we're in the thick of earnings season, I haven't come across any quality put-sells for us to get into. I usually salivate during this time, as there's always a solid company that has a misstep that causes its price to drop. And when that happens, we can hop into a great trade. But nothing has struck my fancy. Sure, we saw Amazon (AMZN) drop $120 overnight (last night) but it has basically recouped $100 of that drop. Too fast for us. Anyway, with its price at $1,750 per share, we're not playing that type of stock anyway. There's been a few others like McDonald's (MCD) and Texas Instruments (TXN) that have dropped, but those are also out of our price range as put-sell candidates. Our sweet spot is stocks price $50 or so and under. In our sister publication - Vertical Spread Trader - we have in fact taken positions in MCD & TXN. If you haven't read about that newsletter, I would recommend doing so. It comes with a trial period just like Smart Option Seller. Other than that, nothing much else to report. I continue to man the trading screens and look for new trades. Hopefully the next few weeks of earnings season will offer us something juicy. Our other positions are all in positive territory and moving towards the "80% Rule" threshold. It's only a matter of time at this point. Even our GPS position is headed in the right direction, although it's been quite volatile. I foresee us getting out of that trade before its earnings on November 18. Good? That's all for now. Continue to hold all other open positions as-is. Contact us here with fills, comments, questions or concerns. Have a great weekend! Regards,

Lee Let's Grab That Cash!

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