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Good morning everyone,

Here is another CPTI May Portfolio position. It looks like the SPX is providing us with some safe opportunities for May. These are offers we can't refuse -- or at least I can't. Check out the max profit range.

Sell 15 SPX May 1250 calls
Buy 15 SPX May 1260 calls
Credit of about: $.45 ($450)

Sell 15 SPX 1110 puts
Buy 15 SPX 1100 puts
Credit of about $.50 ($500)

Total net credit of $.95 ($1,425). Maximum profit range of 1110 to 1250. Maintenance is $15,000.

Be careful when placing your orders. If you already have an SPX Iron Condor in your account, you may not be able to place the put spread because you may already be short the 1100 puts. If you don't have the previous SPX trade in your account, you should have no problem.

Good luck and be careful.

Mike

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