New Trade!

New Trade! Hello Smart Option Sellers! With President Trump calling for more delays in the U.S.-China trade war truce, the markets are selling off pretty hard this morning. And this is on top of the down-move we had yesterday. This is probably a well-needed pull-back though, as there's been an unabated rally since mid-October. Let's use this market scenario as an opportunity to hop into a new trade. Oracle (ORCL) Jumping back in. Yes, we just closed out a profitable put-sell trade on ORCL a few weeks ago, and now with the pull-back, it's time to hop in again. With ORCL stock near $54.60, we'll be using a strike price with $12 of downside cushion, which equates to a solid 22% buffer. Here's what you can choose to do: Sell (sell-to-open) the ORCL March 20, 2020 $42.50 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 $.32 bid/$.34 offer, so we can definitely sell these for higher than $.25 per contract. Do not sell for anything less than $.25 per contract. Kellogg (K) Last week we placed a put-sell trade on K that I mentioned didn't have enough volume to call it official. Well, I heard from a couple of Smart Option Seller members who told me they did in fact get filled at our price of $.25 per contract. I'm going to add it to the portfolio for now but I know a number of you haven't been filled yet. Keep the sell order working "GTC" for $.25 per contract at this time. Here's what we did: Sold (sold-to-open) the March 20, 2020 K $52.50 strike put option contracts for an official sale price of $.25 per contract as an opening transaction (sell-to-open). Remember, do not sell for anything less than $.25 per contract. Housekeeping Notes I mentioned the other day about following me on social media (Facebook & Twitter), so I'm listing the information again below in case it was passed over. I post extra content on both Twitter & Facebook. If you are on either of those social platforms, please check in at least once a week to see what free material I'm offering. I post educational articles about options trading, and other stock market news. This is just another way to help take your trading game