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NEW JULY CPTI TRADE

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NEW JULY CPTI POSITIONGood Morning, Everyone --

Yes, you read that right. I'm getting ahead start on our July positions.

Sell 12 July SPX 1165 puts - SPTSM
Buy 12 July SPX 1150 puts - SPTSJ
Credit of $.60 ($720)

That's a 110 point cushion from where the SPX is trading. Maintenance will be $18,000.

I'll look for a bear call spread to top off the Iron Condor.

Good luck and trade smart.

Mike

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