Option Investor
Updates

A MINOR CORRECTION

HAVING TROUBLE PRINTING?
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A SYMBOL REVERSALHi Gang,

In my haste this morning in getting the trade out to you, I mistakenly reversed the symbols. A few of you were kind enough to point that out in your emails.

However, most of you recognized what we were trying to accomplish and many hundreds of contracts were properly filled at good levels.

So, for those of you who were confused, below what the posting should have said. I hope that you didn't miss the trade, but you still may have another opportunity to get filled at a reasonable level.

Sorry for the confusion, but, if you've been a reader of my column for any period of time and have paid attention, you would have picked up on the goof and done the right thing.

Good luck and trade smart,

Mike
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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.

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