New Trade!

Hello Smart Option Sellers! Pretty quiet week so far, but I have a new trade for us. Gap Inc. (GPS) Yes, we just closed out a profitable put-sell position on GPS last week. So guess what? We're going back in again. If ain't broke, don't fix it. Here's what you can choose to do: Sell (sell-to-open) the GPS September 2017 $16 put options for a limit sell price of $.30 per contract or higher, GTC (good-till-cancelled), as an opening transaction (sell-to-open). My assessment from the last new trade alert on choosing the expiration date still stands: we need to stick with the longer end of my preferred expiration range with this trade because that helps with the combination of safety and enough premium to make the trade worthwhile. Volatility is still very low which keeps the option prices depressed. To combat this, we need to move further out in time. More time = more money (when selling options). It also allows us to keep our strike price further away from the current stock price (safety). With GPS stock currently at $23.25 per share, this gives us a solid 31% cushion above our $16 strike price for any future downside stock movement. Currently, this put option has a market of $.23 bid/$.39 offer, so I'm hoping we can get some of these sales off at $.30 per contract. Remember the rules: 1. We are going to sell these put options as our trade. We are not buying them. 2. Do not use a "market" order. Only use "limit" orders. 3. Do not sell for anything less than $.30 per contract. The best course of action is to start your initial offer price at maybe $.35 per contract. If no one bites, you can move your offer down incrementally until you get to $.30 per contract (no lower!). That's all for now. Get those orders in there and let us know how you do. You can contact us here. Regards, Lee Let's Grab That Cash!

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