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NEW AUGUST CPTI POSITION

HAVING TROUBLE PRINTING?
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NEW CPTI AUGUST POSITIONHi Gang,

It's Monday and the sun is out and we've got money to spend. We're going to be careful, but the MID looks pretty good with just four weeks to August expiration.

With the MID at 916.69, let's:


Sell 20 August MID 850 puts - MLTTJ
Buy 20 August MID 840 puts - MLTTH
Credit of about $.50 ($1,000)


I got $.55 is a few accounts and $.50 in a few others. Maintenance is $20,000. Cushion is about 66 points -- not bad for the MID. Don't get greedy!

Good luck and double check your strikes and symbols before placing your orders.

Trade smart!

Mike

P.S. Thank you for all the Happy Anniversary emails!




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