NEW MAY CPTI PORTFOLIO POSITION This morning there is an opportunity for what seems like quite a safe trade on the SPX. The SPX is currently trading at 1160.49. Remember, adjust the contract size to your account size and be careful! It might be easier to put the spreads in separately than to put the Iron Condor on as one trade.
Updates, Monday, 04/25/2005 10:44:32 AM ET
HAVING TROUBLE PRINTING?
Sell 20 SPX May 1210 Calls
Buy 20 SPX May 1220 Calls
Credit of about $.45 ($900)
Sell 20 SPX May 1105 Puts
Buy 20 SPX May 1095 Puts
Credit of about $.60 ($1,200)
Total net credit of about $1.05. Profit potential: $2,100. Maximum profit range of 1105 to 1210. Maintenance: $20,000.
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