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NEW MAY CPTI POSITION

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NEW CPTI MAY POSITIONGood Morning, Gang --

You know how I like to trade on Fridays. So, with the RUT at about 803, let's:


Sell 20 May RUT 710 puts - RUTQB
Buy 20 May RUT 700 puts - RUTQT
Credit of about $.45 ($900)

Sell 20 May RUT 870 calls - RUZEN
Buy 20 May RUT 880 calls - RUZEP
Credit of about $.60 ($1,200)
 


Total net credit of $1.05 ($2,100). Max profit range of 710 to 870. Maintenance is $20,000.

Double check the option symbols before placing your trades. Adjust the number of contracts to your account size and risk tolerance. And DON'T use up all your cash for maintenance -- just in case . . .

Good luck, trade smart,

Mike





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