Option Investor
Updates

HAVE A HAPPY EASTER

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I hope all of you are enjoying a delicious Easter dinner with family and friends. We spend most of our time here talking about money - and, yes, money is important. However, family plays an important part in our lives.

We should rally around those family and friends who bring joy into our lives. Those are the folks who are a positive influence to our lives. Surround yourself with these people. Embrace them. Let them know how much you appreciate them.

On the other hand, you might be sitting across the table from one of those family members (every family has them) who has a habit of making bad life decisions. Let me warn you - don't let these people's problems become your problems - regardless of their relationship to you. Family relationships are more of a coincidence than anything else. Because someone happened to be born to the same parents doesn-t make him/her any different. I know that sounds a bit cold, but there's a good reason. In life, as in trading, sometimes you have to cut your losses to preserve your capital. In this case it's to preserve your sanity and your emotional stability.

It's important to have a clear mind when you trade. It's tough enough to navigate through our own lives, making logical everyday decisions and keeping the boat traveling on still water. The last thing you need in your lives is extra-curricular stress.

For what they're worth, here are a few life lessons I've learned along the way include:
1) People rarely change. They are who they are and what they are - good or bad. They may alter their behavior for a time - normally just long enough to suck you in again. Then, they revert back. Leopards can't change their spots.

2) Don't loan friends money - ever. You'll likely end up losing both - the friend and the money.

3) Don't get involved in family problems. They can drain you both emotionally and financially. It's easier to say than it is to do. But, if you want to be successful, it's necessary.

4) Don't fall prey to guilt. It's a favorite method of manipulation. You've likely worked hard to achieve (and earn) what you have. Keep it. The people who are trying to manipulate you are playing the blame game. They see nothing as being their fault. They're trying to avoid taking responsibility - the national pastime (my apologies to baseball).

5) Live within your means. Every dollar you don't spend is a $1.50 you don't have to earn

OK, so much for my two-cents worth of philosophy. It works for me. Perhaps it could work for you too.

In the meantime, I hope you've enjoyed your day. The three-day weekend has done wonders for our positions. We'll see if we can find some new ones for April.

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NEW SEMINAR DATE - LAS VEGAS - June 21 & 22
I will be presenting a two-day advanced CPTI seminar in Las Vegas on June 21st & 22nd (Saturday & Sunday). Come on down!

Join me as we discuss non-directional strategies, trade selection, entry points, exit alternatives, premium negotiation, maintenance alternatives, taxes, and much more - all subjects necessary to enlighten and to maximize your trading business. Don't procrastinate! The seminars often sell out - especially the Las Vegas seminars.

I've also negotiated an unbelievably low room rate for the weekend. Vegas is great for a getaway as well as for attending a seminar. Check out your calendar and contact me as soon as possible. Send your phone number to me at - Contact Support. I will personally call you to go over the details and to answer any questions you may have.

Also attending (and speaking) at the Las Vegas seminar will be Mike Cavanaugh, my personal broker and option strategist extraordinaire. Actually, he knows this stuff better than I do. I guaranteed you?ll be impressed.

Early Bird Special - SAVE $100
If you reserve your spot for the upcoming Las Vegas seminar by April 11th, you will only pay $895 - $100 off the normal low seminar price of only $995.

Reserving early will accomplish a few different things. The earlier you reserve, the lower your airfare will be. Plus, you will be assured of a spot. The last two Las Vegas seminars have sold out well before the seminar dates.

Las Vegas Retakes - Only 2 Left
As you know, if you have previously taken one of my seminars (at any location), you are entitled to retake the seminar a second time at NO CHARGE! There were five retake spots available for the Vegas seminar. Only two remain. They are reserved on a first come first served basis. As you can imagine, they go quickly. Don't procrastinate.

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CPTI APRIL POSITION
CPTI April Position #1 - RUT Bull Put Spread - 681.42

On 3/5, with the RUT at about 674.50, we sold 20 RUT April 560 puts and bought 20 RUT April 550 puts for a credit of $.55 ($1,100). Maintenance is $20,000. We will look to put on a bear call spread in the future - IF it makes sense.

CPTI April Position #2 - SPX Bull Put Spread - 1329.51

On 3/10, with the SPX at about 1288, we sold 20 SPX April 1110 puts and bought 20 SPX April 1100 puts for a credit of $.55 ($1,100). Maintenance is $20,000. We will look to put on a bear call spread in the future - IF it makes sense.

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ONGOING STRATEGY - THE ZERO-PLUS Strategy
In the past, I outlined a strategy based on an initial investment of $100,000. At that time, $74,000 was spent on zero coupon bonds maturing in about seven years at a value of $100,000. The principal $100,000 investment is guaranteed. We're trading the remaining $26,000 to generate a "risk free" return on the original investment. We are not compounding our profits by dramatically increasing the number of contracts we trade. With the March profits, our new cash total is $60,460 ($58,660 $1,800).

ZERO PLUS POSITION - SPX - 1329.51

On 2/6, with the SPX at 1342, we sold 30 SPX March 1140 puts and bought 30 SPX March 1130 puts for a credit of $.60 ($1,800). Maintenance is $30,000. Position closed 100% profitable. Profit: $1,800.

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SEMINAR DATE -

LAS VEGAS - June 21st & 22nd

Take your trading from a "hobby" to a profitable "business." You need the information you'll learn at my CPTI seminar. You'll learn more than the "how to's" of trading our strategies. You'll learn a new lifestyle - one that can last a lifetime.

DO YOU HAVE PROFIT-ABILITY?
It's always a challenge (and a pleasure) for me to have a roomful of bright people who have a passion for, and are excited about, learning. We go over everything imaginable - from the non-directional strategies to the psychology of trading. We cover a lot more than the mechanics. Inquiring minds want to know the whens and the whys -- not just the hows. That way, they're prepared for the best (and the worst) - and know the best way to handle either situation. Contact me and I'll personally call you with all the details.

If you're a SERIOUS options trader, you want to learn the nuances of our advanced non-directional trading strategies and hone your trading skills. Contact me ASAP at mparnos@optioninvestor.com. Send me your phone number. I will personally call you with all the pertinent information. The price is a bargain - ONLY $995.00 -- less than the profit from one Iron Condor trade. Take advantage of the "early bird special" and save $100. You'll have a two-day experience that you'll remember, and profit from, for a lifetime. I limit my CPTI seminars to ONLY 25 ATTENDEES. And, as a bonus, if you attend one of my CPTI seminars, you are entitled to RETAKE the seminar a SECOND TIME at NO CHARGE!

59 OUT OF 64 PROFITABLE MONTHS!!
WANT TO ACHIEVE SUCCESS WITHOUT STRESS?
OF COURSE YOU DO!!
USE OUR CPTI WEALTH-BUILDING TECHNIQUES!

You should definitely attend one of my seminars. With what you learn, you'll see a substantial increase in your trading results. Contact me at: mparnos@optioninvestor.com. If you've already signed up, I'll see you there. If you haven't signed up, what are you waiting for?

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Couch Potato Trader Disclaimer
All results reported in this section are hypothetical. While the numbers represented here may have been achieved or beaten by our readers, we make no representation that any individual investor achieved these exact results. The tracking for the plays listed in this section uses closing prices for the day the newsletter is published and it is not meant to imply that any reader actually received those prices (though many often do) or participated in these recommendations (even though many do). The portfolio represented here is hypothetical and for investment education purposes only. It is only an illustration of what type of gains a knowledgeable trader might receive utilizing these strategies. If you don't get close to these results, guess what. It isn't the fault of the strategies.

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