Year End Message...And Profit Results - MRK

Year End Message Hello Smart Option Sellers! I hope everyone has enjoyed this holiday season. Well, another year has come and gone. Hard to believe it's December 31st already. I'm so grateful to each and every one of you for entrusting and allowing me to educate and help you navigate the incredible world of options trading. It is truly my passion and pleasure to run this newsletter. I hope you have not only increased your knowledge on the subject, but that you have also profited from it. I'm looking forward to a fabulous 2020, and continuing the success we've had since our inception in January 2017. Thanks for being a part of it! As far as the markets go, we've come a long way in 2019 since that tumultuous sell-off last December 2018. It looked as though the end was near, and then out of nowhere on December 26, 2018, the rally started. From that low point last December to yesterday's close, the S&P 500 has rallied a solid 37%. It just goes to show you, that no matter how bleak things may look, the market will always find its way back. Sometimes you just need to close your eyes and take a leap of faith. I'm glad we did! Now, I will admit, we're overdue for some kind of pull-back, as that will help take a bit of the froth out of the market. But once it happens, it should be a great buying opportunity. Stay tuned, as we'll be full steam ahead in 2020! Profit Results - Merck (MRK) Now, last week on December 26th (sorry if I ruined your holiday!), I issued a buy-back order on our MRK put-sell position. If you had placed your order early in the day, you may have received a fill, and as the day wore on, it was harder to get the trade done. Although $.05 fills were reported to me by some of you, I'll keep the trade open for the next few days before calling it official. Here's the order again for reference: 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 MRK March 20, 2020 $60 strike put option contracts for a limit buy price of $.05 per contract or cheaper, GTC, as a closing transaction (buy-to-close). At the moment, this put option has a market of $.05 bid/$.06 offer, so if you haven't been filled yet, keep your buy order working "GTC". It will only be a matter of time. Do not pay more than $.05 per contract. Ok, that's all for today. Obviously the market will be closed tomorrow, so I'll check back in at the end of the week. Please send me any comments you may have. I love hearing from you, so let me know how you did in 2019. Wishing you all a very happy, healthy, and prosperous New Year! Continue to hold all other open positions as-is. Contact us here with fills, comments, questions or concerns. Best,