Option Investor
Updates

NEW JAN. CPTI POSITION

HAVING TROUBLE PRINTING?
Printer friendly version
NEW CPTI POSITION FOR JANUARYHi There Troops,

Today the market seems to be pausing, at least for the moment. It's giving us a chance to put on another bull put spread -- this time on the SPX -- for January.

Sell 15 January SPX 1200 puts - SZPMT
Buy 15 January SPX 1190 puts - SPTMR
Credit of about $.60 ($900)

We have about a 65 point cushion, at this writing, and a lot of support on the way down. Maintenance is $15,000.

For CPTI newbies, don't be surprised that there is absolutely no posted premium available. Have a little faith. As I said last night, you won't get it unless you ask for it.

By the way, always double check the symbols, etc. Don't just put the orders in blindly based on the above information.

Good luck and trade smart.

Mike

P.S. Contact me at Contact Support for information on our two new seminar dates.

Couch Potato Trader Updates Archives