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FED-UP MARKET REACTS “UP” TO FED

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FED-UP MARKET REACTS "UP" TO FED

All the people who were worried about the OEX 630/620 bull put spread raise your hands. I was worried, too. Well, worried might be too strong. I was "concerned." The bounce was coming. It was just a matter of when. It could have been anywhere between now and summer. If the bounce didn't happen relatively soon (before April expiration), we would have had to do a bit of scrambling, but it did. So, we were fortunate.

It doesn't mean we're out of the woods. The Fed announcement triggered an outrageous rally. We may still go back down to test the lows. However, we might continue to the upside. There's the rub. Now, we may have to pay attention to our bear call positions. Hey, that's all part of the game. We have about four weeks left in this five-week April option cycle. We all know that these months can seem like an eternity - especially if a short position is threatened.

Today (Thursday), the markets just churned. We like churning. Going nowhere is what we're all about. We're perfectly happy just relaxing on the couch, fondling our remote and going to the bank once a month with our profits.

We will rise above the market chaos and go about our couch potato businesses. We'll deal with situations as they arise. We'll do our best to keep our emotions at bay. We will survive. We will keep a macro view of our trading business. We will thrive. We shall profit. We shall overcome.

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Walking Eagle . . .
Senator Hillary Clinton was invited to address a major gathering of The American Indian nation two weeks ago in upper New York State.

She spoke for almost an hour on her future plans for increasing every Native American's present standard of living, should she one day become the first female President.

She referred to her career as a New York Senator, how she had signed "YES" for every Indian issue that came to her desk for approval. Although the Senator was vague on the details of her plan, she seemed most enthusiastic about her future ideas for helping her "red sisters and brothers."

At the conclusion of her speech, the Tribes presented the Senator with a plaque inscribed with her new Indian name - Walking Eagle.

The proud Senator departed in her motorcade, waving to the crowds. A new reporter later inquired of the group of chiefs of how they had come to select the new name given to the Senator.

They explained that "Walking Eagle" is the name given to a bird so full of she it can no longer fly.

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VEGAS - ONLY 7 SPOTS LEFT!
The June Las Vegas two-day advanced seminar is filling up fast. Traders are taking advantage of the $100 early-bird special and signing up two and three at a time. There are only seven spots remaining. Washington is sold out. Las Vegas will likely follow suit. Don't be left out. Reserve your spot for the Las Vegas June 2nd & 3rd seminar today!

Join the family of over 300 traders who have attended my two-day advanced seminars and left with the knowledge and skills that can make the difference between occasional success and consistent success.

Sorry, there are no more retake spots remaining for the Las Vegas seminar.

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CURRENT APRIL CPTI PORTFOLIO POSITIONS
CPTI April Position #1 - RUT - Iron Condor - 808.05
We sold 20 April RUT 720 puts and bought 20 April RUT 710 puts for a credit of $.45 ($900). Then, we sold 20 April RUT 870 calls and bought 20 April 880 calls for a credit of $.50 ($1,000). Our potential profit is $1,900. Maintenance is $20,000 - IF you have the right broker.

CPTI April Position #2 - OEX - Bull Put Spread - 656.07

We sold 20 April OEX 630 puts and bought 20 April OEX 620 puts for a credit of $.45 ($900). Our potential profit is $900. Maintenance is $20,000.

CPTI April Position #3 - MID - Iron Condor - 853.44

We sold 20 April MID 800 puts and bought 20 April MID 790 puts for a credit of $.55 ($1,100). Then, we sold 20 April MID 900 calls and bought 20 April MID 910 calls and were filled at $.65 ($1,300). Our maximum profit range is 800 to 900. Maintenance is $20,000. Our potential profit is now $2,400. It will be great if this one works out.

CPTI April Position #4 - SPX - Iron Condor - 1434.54

We sold 12 April SPX 1315 puts and bought 12 April SPX 1300 puts for a credit of $.65. Then se sold 12 April SPX 1470 calls and bought 12 April SPX 1485 calls for a credit of $.65. Our net credit and profit potential is $1.30 ($1,560). Our total maintenance is $18,000.

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ONGOING STRATEGY - THE ZERO-PLUS Strategy
In the past, I outlined a strategy based on an initial investment of $100,000. At that time, $74,000 was spent on zero coupon bonds maturing in about seven years at a value of $100,000. The principal $100,000 investment is guaranteed. We're trading the remaining $26,000 to generate a "risk free" return on the original investment. We are not compounding our profits by dramatically increasing the number of contracts we trade. We have now generated $52,425 ($51,050 + $1,375).

NEW ZERO PLUS POSITION - SPX Iron Condor - 1434.54

We sold 12 April SPX 1315 puts and bought 12 April SPX 1300 puts for a credit of $.65. Then se sold 18 April SPX 1470 calls and bought 18 April SPX 1485 calls for a credit of $.65. Our net credit and profit potential is $1.30 ($2,340). Our total maintenance is $27,000.

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CPTI SEMINAR SCHEDULE!
Las Vegas, NV - June 2 & 3

Dallas, TX - March 10 & 11 - SOLD OUT!!

Washington, DC - April 21 & 22 - SOLD OUT!!

Take your trading from a "hobby" to a potentially profitable "business." You need the information you'll learn at my CPTI seminar. You'll learn more than the "how to's" of trading our strategies. You'll learn a new lifestyle - one that can last a lifetime.

DO YOU HAVE PROFIT-ABILITY?
It's always a challenge (and a pleasure) for me to have a roomful of bright people who have a passion for, and are excited about, learning. We go over everything imaginable - from the non-directional strategies to the psychology of trading. We cover a lot more than the mechanics. Inquiring minds want to know the whens and the whys -- not just the hows. That way, they're prepared for the best (and the worst) - and know the best way to handle either situation. Contact me and I'll personally call you with all the details.

If you're a SERIOUS options trader, you want to learn the nuances of our advanced non-directional trading strategies and hone your trading skills. Contact me ASAP at mparnos@optioninvestor.com. Send me your phone number. I'll call you with all the pertinent information. The price is a bargain - ONLY $995.00 -- less than the profit from one Iron Condor trade. You'll have a two-day experience that you'll remember, and profit from, for a lifetime. I limit our CPTI seminars to ONLY 25 ATTENDEES. And, as a bonus, if you attend one of my CPTI seminars, you are entitled to RETAKE the seminar a SECOND TIME at NO CHARGE!

49 OUT OF 52 PROFITABLE MONTHS!!
WANT TO ACHIEVE SUCCESS WITHOUT STRESS?
OF COURSE YOU DO!!
USE OUR CPTI WEALTH-BUILDING TECHNIQUES!

You should definitely attend one of my seminars. With what you learn, you'll see a substantial increase in your trading results. Contact me at: mparnos@optioninvestor.com. If you've already signed up, I'll see you there. If you haven't signed up, what are you waiting for?

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HAPPY TRADING!
Remember the CPTI credo: Our remote batteries and self-discipline should last forever, but mierde happens. Be prepared! In trading, as in life, it's not the cards we're dealt. It's how we play them.
MIKE PARNOS, Your Options Therapist and CPTI Master Strategist

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Couch Potato Trading Institute Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.

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