Option Investor
Updates

NEW MAY CPTI POSITION

HAVING TROUBLE PRINTING?
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LET'S GIVE GOOGLE A TRY!What the hell. There's a reasonable amount of premium staring us in the face. There's a pretty well defined trading range. So, let's give Google a go. It's held up pretty well and still has appeal for the masses.

CPTI May Position
Sell 12 May GOOG 160 puts
Buy 12 May GOOG 150 puts
Credit of about $.60 ($720)

Sell 12 May GOOG 220 calls
Buy 12 May GOOG 230 calls
Credit of about $.70 ($840)

Total credit and profit potential of about $1.30 ($1,560). Maximum profit range of 160 to 220. Maintenance is $12,000.

If you can put the order in as a complete condor for a credit limit of $1.30, you should get filled immediately. $1.30 is the natural and there's very little room for negotiation.

Good luck and trade smart!

Mike

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