Option Investor


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Hello CPTIers,

Well, we got our pullback and a little spike in volatility. With the S&P MIDCAP 400 trading at 863, let's:

Sell 20 MID April 790 puts -- MLTPP
Buy 20 MID April 800 puts -- MLTPR
Credit of about $.50 ($1,100)

We have a 73-point cushion. Maintenance is $20,000.

Good luck, trade smart, and don't get greedy!


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