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NEW JUNE CPTI POSITION

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NEW JUNE CPTI PORTFOLIO POSITIONHello Troops,

Found a trade on the SPX -- the first part of a potential Iron Condor.

Sell 12 June SPX 1230 puts - SZPRF
Buy 12 June SPX 1215 puts - SZPRC
Credit of about $.60 ($720)

This is the first step of what we hope will turn into an Iron Condor. We'll keep looking for a reasonable bear call spread for the topside.

Our cushion, at this writing, is about 77.5 points. We have 6 1/2 weeks left to June expiration. Maintenance is 18,000. Always double check the symbols before you put on the trade.

Good luck and trade smart.

Mike

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