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NEW MAY CPTI POSITION

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NEW CPTI MAY PORTFOLIO POSITION Good afternoon all,

With the welcome market pullback today came some volatility. Let's try to take advantage of some premium. With the OEX at 657.70, let's --


Sell 20 May OEX 615 puts - OEYQC
Buy 20 May OEX 605 puts - OEYQA
Credit of about $.45 ($900)
 


Net credit is $.45 ($900). Current cushion is 42.70. Maintenance is $20,000.

Good luck and double check your option symbols before placing your trades.

Mike


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