Profit Time! Hello Smart Option Sellers! Let's start off this week by locking in some gains. Micron Technology (MU) Our put-sell position in MU has reached the "80% Rule" threshold. When that happens, it's time to lock in profits. 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 MU January 17, 2020 $28 strike 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 $.04 bid/$.05 offer, so we should have no problem getting it done for $.05 per. Some contracts have already traded at $.04 today, so keep that in mind. Do not pay more than $.05 per contract. That's all for now. Get those 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!