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NEW NOV. CPTI POSITION

HAVING TROUBLE PRINTING?
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NEW NOVEMBER CPTI POSITION Good Afternoon Troops,

Well, it may be time to revisit an old friend -- the MID Index. It's been awhile since we played the MID, but it looks like a reasonable opportunity.

So, with the MID at 755, let's:

Sell 20 November MID 690 puts - MIZWR
Buy 20 November MID 680 puts - MIZWP
Credit of about $.75

Total net credit is $.75 ($1,500). We have a 65 point cushion and our short strike is well below support. Maintenance is 20,000.

I'm still not comfortable with putting on a bear call spread to complete an Iron Condor. I'll keep a lookout for something appropriate.

Take care and trade smart!!

Mike

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