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NEW CPTI JANUARY POSITION

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NEW JANUARY CPTI POSITIONGood Morning Gang,

Let's start off the new year with an RUT bull put spread. We'll take advantage of this morning's down open. With the RUT trading at about 752,
let's:

Sell 20 January RUT 620 puts - RUYMD
Buy 20 January RUT 610 puts - RUYMB
Credit of about $.60

Maintenance is $20,000.

It will take some patience and/or some serious negotiation to get the $.60. You may only be able to get $.55 or even $.50. Be creative. It's a huge cushion and looks pretty safe -- even if there are seven weeks to January expiration.

Good luck and be careful.

Mike

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