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NEW CPTI SEPT. POSITION

HAVING TROUBLE PRINTING?
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NEW CPTI SEPTEMBER PORTFOLIO POSITION Morning CPTIers,

Well, this morning's pullback has provided me with an offer I can't refuse. I'm looking at putting on our first September position. I know it's early, real early, but I like the safety and the premium that's available.

With the RUT at 822.73, let's:


Sell 20 September RUT 700 puts - RUTUT
Buy 20 September RUT 690 puts - RUYUR
Credit of $.65 - $.70 ($1,400)
 


Maintenance is $20,000. Cushion is 123 points.

Remember, with the RUT, you can place your credit limit orders in pennies. I was filled at $.70 and $.68 a few minutes ago. It's a wait of 7 1/2 weeks, but I think it will be worth it.

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

Mike






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