Monday Update

Monday Update Hello Smart Option Sellers! Hope everyone had a good weekend. We have a shortened trading week with the markets closing early tomorrow (Tuesday 12/24) at 1pm EST, and completely closed on Wednesday (12/25). Is there a holiday or something? Lol. These short weeks are great for option sellers like us. Why? Because options lose value whether the markets are open or closed. It also works in our favor as sell-offs can't happen if no one is around to trade, yes? So, it's like making money by doing nothing. Works for me. Monday Q&A Let's hit a few questions. Q: By way of additional information, I have been using my Fidelity brokerage account ever since I signed up with you. It has worked flawlessly, It currently is commission free. Support staff has never failed to satisfy any of my questions, or if necessary to "walk" me through a solution. A: This isn't a question obviously, but a comment on the broker suggestions from one of the prior Q&A alerts. Thanks for passing this along. Sounds like Fidelity is a viable choice. Q: Hi Lee,

The CSX stock price has gone up the past two trading sessions, yet the put option price has not budged. Do you have an idea of why the put option price hasn’t moved lower?

A: We currently hold a CSX put-sell position in the account. If some options have less volume than others, the market-makers in the pits can get lazy and keep their bid/ask markets quite wide, hoping that an un