Here we go again. With the OEX trading at about 669.50, lets put on a bull put spread.
Sell 20 April OEX 630 puts - OEYPF
Buy 20 April OEX 620 puts - OEYPD
Credit of about $.45 ($900) - There a chance of $.50, but don't get greedy!
Maintenance is $20,000. Cushion is about 40 points. Always double check your option symbols before placing your orders.
Good luck and trade smart!