Option Investor
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ANOTHER NEW CPTI OCT. POSITION

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LET'S TRY THE TOPSIDE - NEW CPTI PORTFOLIO POSITIONIt's Me Again,

Let's throw a bear call spread order out there and see what happens. With the SPX trading at about 1296 . . .

Sell 12 SPX October 1365 calls - SXYJM
Buy 12 SPX October 1380 calls - SXYJP
Credit of about $.60 ($720)

This is the topside of our SPX Iron Condor. Net premium and profit potential is $1.40 ($1,680). It will create a maximum profit range of 155 points - 1210 to 1365. Maintenance for the entire position will be $18,000.

Good luck, trade smart, and don't get greedy. Double check the option symbols before you place your orders.

Mike

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