Option Investor
Updates

NEW POSITION MARCH CPTI PORTFOLIO

HAVING TROUBLE PRINTING?
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NEW POSITION FOR MARCH CPTI PORTFOLIO OK. I'm convinced. The market has shown enough weakness that I'm ready to put on the bear call spread to complete our SPX March Iron Condor.

With the SPX at about 1256, let:

Sell 10 March SPX 1320 calls -SXYCD
Buy 10 March SPX 1335 calls - SXYCG
Credit of about $.80 ($800)

You may be able to catch another nickel, but $.80 is realistic at this writing. Always double check the symbols before placing your order.

No additional maintenance should be necessary (IF you have the right broker).

Good luck and trade smart!

Mike

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