Last week we entered the FAST September 20, 2019, $27.50 puts.
Prices went in our direction, but we didn’t get the big flush lower.
It's time to cut bait and move onto the next trade.
Here’s what to do…
Action to Take:
In your brokerage account, locate the FAST September 20, 2019, $27.50 puts:
Locate the options in your portfolio with the ticker: FAST.
The symbol is FAST190920P00027500.
Select how many contracts you want to sell.
Once you have the right contract, click "sell to close."
Choose "limit order." (This sets the max price you'll pay per contract).
Use a limit of $0.30 per contract.
Click "Day" for TIF (Time In Force).
Then click "sell" to transmit the order.
You can also call your broker and say, "I want to sell to close FAST September 20, 2019, $27.50 puts at $0.30 limit or better."
Losing can be frustrating, but we’ll continue to follow the system and get them on the next one.
To your wealth, freedom & options!
Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%