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NEW CPTI OCTOBER POSITION

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NEW OCTOBER CPTI PORTFOLIO POSITIONHi Gang,

With the pullback today, I found something that looks pretty good. With the SPX at 1518, let's:


Sell 20 October SPX 1395 puts
Buy 20 October SPX 1385 puts
Credit of $.70 (or possibly $.80 if the market goes down further today)
 


Net credit and profit potential of $.70 ($1,400). Cushion of about 125 points. Maintenance is $20,000.

Be careful and trade smart.

Mike




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