New Trade!

New Trade! Hello Smart Option Sellers! No time to waste. New trade! Merck & Co. (MRK) Back to healthcare for us. MRK is no stranger to Smart Option Seller. We just profitably closed a put-sell trade on MRK about a month ago which made it six successful times since our inception in 2017. So, we're going back for #7. Hope I didn't just jinx us. Although MRK's price tag at $83.50 is above our usual $50 target range, we're going to use a strike that will have $23.50 of downside cushion which equates to a fat 28% buffer. And, we've used this same strike in our last MRK put-sell trade. Here's what you can choose to do: Sell (sell-to-open) the MRK March 20, 2020 $60 strike put option contracts for a limit sell price of $.25 per contract or higher, GTC, as an opening transaction (sell-to-open). Currently, this put option has a market of $.31 bid/$.33 offer, so we can definitely sell these for better than $.25 per contract. Remember, selling for $.31 is better than selling for $.25. Yes? Make sure to check the bid/ask market before placing your order, so you know what kind of fill you can expect. Get those orders in there and let us know how you do. 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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