Trade Results - ORCL

Trade Results - Oracle (ORCL) Hello Smart Option Sellers! And just like that, the markets have flipped higher this morning. Why? Because China is now saying that they're closer to a trade deal with the U.S. But just yesterday, President Trump said the opposite. This back and forth is giving the markets a severe case of whiplash. And it makes for stressful trading. But we can rise above that and stick to our game plan of selling put options at strategic times on quality stocks. That will never change. And it's what we did successfully yesterday on ORCL, as we had no problem getting filled on the new put-sell position. The trades went across the tape between $.27 to $.32 per contract, with a majority around $.29, so that's where we'll take the official mark. Here's what we did: Sold (sold-to-open) the ORCL March 20, 2020 $42.50 strike put option contracts for an official sale price of $.29 per contract as an opening transaction (sold-to-open). I would've liked to have gotten a bit higher price as this put option had a market of $.32 bid/$.34 offer when I wrote up the alert yesterday. But, we take what the market gives. If you did not place your trade yet, you can still get filled today at decent prices. Do not sell for anything less than $.25 per contract. Ok, 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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