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NEW JULY POSITION

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NEW ZERO-PLUS POSITION FOR JULY Hi Gang,

I probably should have done this sooner, but today I put on the new position for the Zero-Plus strategy. This is NOT a tracking CPTI portfolio position. This position is specifically for the Zero-Plus.

Sell 15 July SPX 1125 puts
Buy 15 July SPX 1110 puts
Credit of about $.50 ($750)

Sell 15 July SPX 1255 calls
Buy 15 July SPX 1270 calls
Credit of about $.50 ($750)

Total net credit and profit potential of about $1.00 ($1,500). Maximum profit range of 1125 to 1255. Maintenance is $22,500. Remember to adjust the number of contracts to your account size.

Actually, this is not a bad trade if you're looking for a July trade. There is a 130 point trading range that looks relatively safe. Skilled traders should be able to get pretty close to the above posted premiums.

Take care and trade smart!

Mike

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