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SOX sspread should be widened

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ATTENTION SUBSCRIBERS:

When you place your SOX spread widen your CREDIT to $0.60 as the spread between the BID and ASK on both sides is extremely large. Please modify your trade to show a $0.60 credit NOT just a $0.20 credit. If should still a fill , but there is too large of a spread between the bid and ask on both sides to take $0.20...Please motify your trade on the SOX spread to that noted below. We are looking for a $0.60 NET CREDIT

^SOX 520.71

SELL SXX-NR ^SOX FEB $490.00 PUT CREDIT= $4.20
BUY SWA-NR ^SOX FEB $487.50 PUT DEBIT $3.60
CHANGE NET CREDIT = FROM $0.20 to $0.60
INITIAL "NET- CREDIT TARGET= NOW BECOMES $0.60 or $60.00 not $20
POTENTIAL PROFIT (x 10 CONTRACTS @ $0.60 = $600.00

MARGIN REQUIRE. (x 10 CONTRACTS $1,900.00
RETURN ON INVESTMENT= 25.10%
EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE $2.50
1. STOCK WILL BE PLACED ON WATCH LIST IF INDEX PRICE DROPS TO: 505
2. ON SPREADS WITH 2.50 or less difference in STRIKE PRICES the Difference
IN THE STRIKE PRICE WILL BE OUR MAXIMUM EXPOSURE - WE WILL NOT USE STOPS ON THOSE POSITIONS. THEY WILL GO ON THE WATCH LIST AND BE FOLLOWED WITH INSTRUCTIONS AS TO HOW TO PROCEED OR/WHAT EXIT POINT NEEDS TO BE ESTABLISHED


All other trades are entered as orginally given:

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