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CORRECTING A TYPO

HAVING TROUBLE PRINTING?
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OOPS!Hi Guys,

In the previous post, I mistakenly typed "calls" instead of "puts" for the Sept. RUT 620 puts.

I know that 90% of you will have interpreted what I wrote the right way, but for those 10% who are confused, here is the way the previous post should have read:
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With the RUT trading at about 685.

Sell 12 September RUT 630 puts
Buy 12 September RUT 620 puts
Credit of about $.85 ($1,020)

Cushion is about 55 points with a lot of support levels above the short strike. Maintenance is $12,000.
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I see a number of contracts have already been filled. If you need to, it's OK to drop it from $.85 to $.80 or even $.75. I would hope that you would think of doing that on your own if you were having a problem getting filled.

Take care,

Mike

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