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NEW CPTI PORTFOLIO TRADE

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NEW AUGUST CPTI PORTFOLIO TRADE Hi Gang,

Well it's too damn hot to do much else -- even in Detroit. So, let's do some trading.

With the SPX at about 1235, let's:

Sell 12 August SPX 1125 puts - SPTTE
Buy 12 August SPX 1110 puts - SPTTB
Credit of about $.60 ($720)

Sell 12 August SPX 1310 calls - SXYHB
Buy 12 August SPX 1325 calls - SXYHE
Credit of about $.60 ($720)

Total net credit and profit potential of $1.20 ($1,440). Max profit range is 1125 to 1310. Maintenance is $18,000.

I like the 185 point range. I think the market is going to bounce around from here. At least I hope so. Remember, always check the symbols before placing the trade. And be flexible. These are suggested trades. You can vary the credit limit a bit and/or the strike prices (especially on the bull put spreaed). Some traders will get more and some a little less. Just use common sense and you should be ok.

Good luck and trade smart!!

Mike

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