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NEW CPTI PORTFOLIO POSITION

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NEW MAY CPTI PORTFOLIO POSITIONGood morning, boys and girls. I think I found an interesting trade to put on for May. Check this out.

SPX Iron Condor
Sell 15 SPX May 1100 puts
Buy 15 SPX May 1090 puts
Appx. credit of $.60

Sell 15 SPX May 1235 calls
Buy 15 SPX May 1245 calls
Appx. credit of $.75

Total net credit of $1.35 ($2,025)

Nice big cushion. It better be big because it has to last for 6 1/2 weeks.

Good luck and be careful. Adjust the number of contracts to your account size.

Mike

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