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NEW CPTI MARCH POSITION

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NEW MARCH CPTI POSITIONHi CPTIers,

The market is tanking and I feel the chances are pretty good that it has topped. No guarantees, though. I feel good enough to:

Sell 20 RUT March 850 calls - RUZCJ
Buy 20 RUT March 860 calls - RUZCL
Credit of about $.45

This will serve as the bear call spread for our RUT March bull put spread. There should be no additional maintenance requirement -- IF you have the right broker.

The market will likely rebound a bit and you may be able to get $.50 or more later today or tomorrow, but there are no guarantees. Always double check the option symbols before placing the trade.

Good luck, be flexible, and trade smart,

Mike

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