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NEW NOV. CPTI POSITION

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NEW NOVEMBER CPTI POSITIONGood Morning CPTIers,

Let's start our November adventure with the following trade: With the S&P 500 at 1553.50,


Sell 20 SPX Nov. 1425 puts - SXZWE
Buy 20 SPX Nov. 1415 puts - SXZWC
Credit of about $.50 ($1,000)
 


Maintenance is $20,000. Cushion is about 128. If the market levels off, we may consider putting on a bear call spread to complete the condor at a later date.

Good luck and trade smart,

Mike Parnos


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