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NEW MARCH CPTI POSITION

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NEW CPTI MARCH POSITIONHello CPTIers,

With the recent downturn, let's see if we can put on another bull put spread -- way the hell out of the money.

With the SPX trading at about 1342, let's"

Sell 20 SPX March 1140 puts - SPTOH
Buy 20 SPX March 1130 puts - SPTOF
Credit of about $.60 ($1,200)

Net credit of about $.60 ($1,200). Depending on what the SPX does, you may be able to get $.60. If not, there's nothing wrong with $.50. We would have a 200+ point cushion.

Be careful, trade smart, and always double check the option symbols before you place the orders.

Mike

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