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CAN'T LET THIS PREMIUM GET AWAY

HAVING TROUBLE PRINTING?
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Hi Gang,

The VIX has popped and there's premium everywhere. Let's try to get a little. With the SPX at $1419, let's"


Sell 12 SPX May 1300 puts - SXYQT
Buy 12 SPX May 1285 puts - SZPQQ
Credit of about $.70 ($840)

Sell 12 SPX May 1505 calls - SXMEA
Buy 12 SPX May 1520 calls - SXMED
Credit of about $.70 ($840)
 


Total net credit and profit potential of about $1.40 ($1,680). Maximum profit range is 1300 to 1505 (that's BIG!). Maintenance is $18,000.

Good luck. Be creative. Be flexible. Be careful and double check your option symbols before placing the trades.

Mike



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