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NEW CPTI AUGUST POSITION

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NEW CPTI AUG. PORTFOLIO POSITIONMorning Gang,

Let's take a look at another August position. With the SPX at about 1524.50, let's:


Sell 12 August SPX 1615 calls - SPBHC
Buy 12 August SPX 1630 calls - SPBHF
Credit of about $.65 ($780)

Sell 12 August SPX 1400 puts - SXZTT
Buy 12 August SPX 1385 puts - SXYTQ
Credit of about $.80 ($960)
 


Total net credit of about $1.45 ($1,740). Maintenance of $18,000. Maximum profit range of 215 points -- 1400 to 1615.

Double check the strikes and symbols before placing the trade and adjust the number of contracts to your account size and risk tolerance.

Good luck and be careful. Happy 4th of July!!

Mike



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