Option Investor
Updates

NEW CPTI AUGUST POSITION

HAVING TROUBLE PRINTING?
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I like to trade on Fridays -- a little more premium available. For those of you who have SPX credit spreads and/or Iron Condors, your maintenance dollars should be available soon (IF you have the right broker) - when the settlement numbers are announced.

With the RUT at about 671, let's:

Sell 15 August 600 puts - RUWTT
Buy 15 August 590 puts - RUWTR
Credit of about $.65 ($975)

Sell 15 August 740 calls - RUTHH
Buy 15 August 750 calls - RUTHJ
Credit of about $.50 ($750)

Total net credit and profit potential of $1.15 ($1,720). Maximum profit range of 600 to 740. Maintenance is $15,000.

Remember, these are suggested prices. Be creative, but don't get greedy. Always double check the option symbols before placing your order.

Have a great weekend. We have a lot to celebrate this month.

Mike



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