Option Investor
Updates

NEW CPTI MAY TRADE SUGGESTION

HAVING TROUBLE PRINTING?
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Good Morning Gang,

With the bad GE news, the silver lining is that we can put on a new May put position.

So, with the RUT at about 700, let's:

Sell 20 May RUT 600 puts - RUWQT
Buy 20 May RUT 590 puts - RUWQR
Credit of about $.55 ($1,100)

As I write this, the trade isn't quite there yet, but if the market continues down a bit more, it might become available. Or, you can ask for $.50 or $.45 and have a better chance of getting filled. It's your choice. Or, you may want to wait (or put out an order) in the hopes of getting the 590/580 bull put spread.

Maintenance is $20,000. Cushion is about 100 points.

Good luck and trade smart. Always double check the option symbols before placing your trades.

Mike

P.S. I hope you quickie traders adjusted the strikes of the position from last night's column.

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