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Additional 5 contracts of SOX put spread

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Recommendation of SOX ( Semiconductor Index) put spread


With the August expiration slowly coming upon us. Plays of value are
becoming less available. The Philadelphia Semiconductor index seems to have some
value. Currently With the $SOX trading around the 469 mark. We are recommending
adding the following put spread to our current positions. The position we currently
maintain and this additional 5 contracts will bring our total position to 10 contracts of the SOX put spread

Recommending the adding of 5 additional contracts

PRICE
$SOX $469.05

SELL SXX-TJ $SOX August 450 PUT CREDIT= $1.00
BUY SXX-TI $SOX August 445 PUT DEBIT= $0.50
NET CREDIT = $0.50
INITIAL "NET- CREDIT TARGET= $0.50 or $50.00
POTENTIAL PROFIT (x 5 CONTRACTS @ $0.50 = $250.00
MARGIN REQ. (x 5 CONTRACTS $2,250.00
RETURN ON INVESTMENT= 11.11%

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