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NEW JULY CPTI POSITION

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Good morning all,

Let's take advantage of this pullback to put on our first July CPTI portfolio position. With the SPX at 1512.50, let's:


Sell 15 SPX July 1400 puts - SXZST
Buy 15 SPX July 1385 puts - SXZSQ
Credit of about $.70
 


Net credit of about $.70 ($1,050). Maintenance is $22,500.

Adjust the quantity to fit your risk tolerance and account size. Double check the option symbols before you place the trade. We'll look for opportunities to put on bear call spreads to complete our Iron Condors.

Good luck and trade smart.

Mike




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