Well, I couldn't resist. I know it's almost 8 weeks away, but the range is so big that I couldn't control my mouse finger. It took on a personality of it's own. Fortunately, it's personality is as conservative as mine. Here's our first position for November.
Sell 12 SPX November 1140 puts
Buy 12 SPX November 1130 puts
Credit of about $.80 ($960)
Sell 12 SPX November 1280 calls
Buy 12 SPX November 1290 calls
Credit of about $60 ($720)
Total credit and profit potential of $1.40 ($1,680). Maintenance is $12,000 (if you have the right broker). Maximum profit range is 1140 to 1280.
The CPTI 2-day Advanced seminar date of Oct. 15/16 in Denver is approaching. There are still some spots left, but I wouldn't procrastinate contacting me to reserve your spot. The spots can go very quickly and I limit them to 25 attendees.
Email me at Contact Support for more info.
Have a great day and trade smart!!