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MCM NOVEMBER 2008 DJX recommendation 10-13-08

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Let's try this again: Cancel original MCM DJX NOVEMBER spread from this morning and resubmit the following order with new net credit as seen below:

NOVEMBER 2008 DJX Recommended credit spread

We are recommending the following credit spread for our November MCM DJX monthly position, maybe we can get filled tomorrow

We are recommending the following DJX call credit spread, this is basically the same spread but with closer numbers on the spread, so hopefully we might get filled tomorrow, in addition this is more in lline with the prior months returns

^DJX $93.79

BUY DJV-KI ^DJX NOV $113.00 CALL DEBIT = $0.36
SELL DJV-KF ^DJX NOV $110.00 CALL CREDIT= $0.50
NET CREDIT = $0.14
 

INITIAL "NET- CREDIT TARGET= $0.14 or $14.00
POTENTIAL PROFIT ( X 50 CONTRACTS @ $0.14 = $700.00
MARGIN REQUIRE. 50 CONTRACTS $14,300.00
RETURN ON INVESTMENT= 4.90%

EXIT STRATEGY = 1. WATCH LIST 2. MAXIMUM LOSS SPREAD PRICE DIFFERENCE $3.00
1. INDEX WILL BE PLACED ON WATCH LIST IF INDEX PRICE RAISES TO: $100.00

DIFFERENCE IN THE STRIKE PRICES 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



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