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NEW CPTI JAN. POSITION

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NEW JANUARY CPTI POSITION Happy Wednesday Gang,

Saw an opportunity to jump into what looks like a pretty safe bull put spread on the OEX. Check out the chart. Good support at 545. OEX trading at about 577.75.

Sell 15 January OEX 545 puts - OEBMI
Buy 15 January OEX 535 puts - OEBMG
Credit of $.50

This could be the first half of an Iron Condor position, but considering there is little premium on the call side of the OEX, this may end up being just a bull put spread. So, make your own decisions. Maintenance is $15,000.

Good luck and trade smart.

Mike

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