Profit Time! Hello Smart Option Sellers! As we start to wind down to the end of 2019, I don't foresee too many new trades at this point, unless we have a repeat of last December. Or if President Trump starts to launch a bearish Tweetstorm. On the flipside, we can certainly unwind current open positions that have reached profitability. And that's what we'll do today. Colgate Palmolive (CL) Our CL put-sell position has reached the "80% Rule" threshold, so it's time to lock in gains. 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 CL January 17, 2020 $55 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 $.04 bid/$.07 offer, so let's see if the market will play with us at $.05 per contract. If you don't get filled right away, keep your buy order working "GTC". It will only be a matter of time Do not pay more than $.05 per contract. Get those orders in there pronto 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!