Have you seen the VIX? It's up 1.00 today - so far. And, magically, some premium is showing up. So, let's take advantage of it before it disappears.
With the OEX at 651, let's:
Sell 20 January OEX 615 puts - OEYMC
Buy 20 January OEX 605 puts - OEYMA
Credit limit of $.40 ($800)
Total net credit and profit potential of $.40 ($800). Maintenance is $20,000. Looks pretty safe.
Double check your symbols before you place the trade.
Take care and trade smart.
P.S. New seminar dates to be announced tonight.