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DYNOMITE! 60 OUT OF 65 PROFITABLE MONTHS

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DYNOMITE! 60 OUT OF 65 PROFITABLE MONTHS

We are celebrating our eighth consecutive profitable month - and 60th out of 65 profitable months since we began tracking the Couch Potato Trader portfolio is November of 2002. I was particularly selective about our trades for the April cycle because I had concerns about the market rebounding to the upside. Actually, there were a few potentially scary days in which the S&P 500 went up about 50 points. The moves didn't hold, and the market came back down, but they were enough to make me hesitate to put bear call spreads to complete our Iron Condors.

Many Couch Potatoes out there took the plunge and put on bear call spreads at various levels. They have some nice additional profits to show for it. Maybe I'm being overly cautious. But, consider that I have thousands of readers who follow exactly the positions I suggest in our newsletter. That's a lot of responsibility. I'd rather be too conservative than too aggressive in an attempt to pad the monthly results.

The market had quite a day on Friday. Google led the charge (up about 90 points) and the market followed suit. It looks like the indexes are ready to break out (some already have). That, again, makes me reluctant to put on calls for May. There seem to be respectable earning announcements and the market is discounting the bad news. That's a recipe for upward movement. I don't particularly want to get in the way.

You noticed that, on Friday, we already put on the 1235/1225 SPX bull put spread for June. We took in $.70, though I received emails from those who got the same $.70 (and more) for lower strike spreads. Good for you!! The 1235/1225 is a nice safe level with a nice premium to pay for us having to wait eight weeks.

If you didn't get into the June spread, the market will likely pull back and you'll have opportunities to put on that trade, or a better one, should you have the urge. There will be a lot of opportunities between now and June for those who prefer to wait or who don't want to be exposed to the market for eight weeks.

This week I'll be looking for additional June positions along with possible May bear call spreads - if the market gives us a safe opportunity.

If you have the right broker, your maintenance dollars ($40,000), that were being held on the April positions, were made available for you to trade on Friday. There's no excuse not to have a broker who gives you an edge.

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NEW SEMINAR DATE - WASHINGTON D.C. - August 9th & 10th
I have finalized the details for our next CPTI two-day advanced seminar. We'll be going to Washington D.C. Why? Because someone needs to show Washington how to generate money - without raising taxes. Do you think Hilary or Barack or McCain will show up? I'll send them an invitation. I might even give them a discount. I'm not holding my breath, though. From what I hear in the interviews and the debates, they all have a lot to learn -- and it looks like one of them is going to learn it on our dime. A scary thought - one of them will be the next president.

Speaking of discounts, the Early Bird Special for the new Washington seminar date will be available to those who complete their reservation (including payment) by Wednesday, June 4. There are five retake spots available for this Washington seminar. They will be reserved on a first come first served basis.

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TRACKING CPTI PORTFOLIO RESULTS
Welcome to our tracking of CPTI portfolio's year number 6! We've just completed the FIFTH month (April) of CPTI tracking year number six. Our positions for April were 100% profitable. Our profit for the fifth month of our sixth year was $2,200. In our sixth tracking year, and a difficult trading environment, we have accumulated a profit of $12,560 ($10,360 $2,200).

April Settlement Numbers
S&P 500: $SET - 1391.12
Russell: $RLS - 719.10
S&P 100: OEX - 640.60
MID: $MIV - 832.83

RECAP OF APRIL POSITIONS
(See Position Details In April Summary Below)
SPX Bull Put Spread - PROFIT: $1,100.
RUT Bull Put Spread - PROFIT: $1,100
TOTAL APRIL PROFIT: $2,200

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Cashing In On The Quickies Again
Well, we had another good month for our Quickie trades. The S&P 500 1305/1295 and 1410/1420 Iron Condor was 100% profitable, providing us with a nice $3,200 profit.

The suggested Quickie Butterfly trade 131/133/135 lost a few dollars $290, but it was an inexpensive directional bet. Those who put on butterflies with a bullish bias, likely made out well.

The suggested Quickie Short Straddle did just fine. If you sold the April 1360 puts and calls, you took in about $31. On Thursday, the SPX traded the entire day between 1358 & 1368. There were plenty of opportunities to lock in 15-20 points which translates to $4,500 to $6,000 of profit. It would have been foolish to hold the short straddle through Friday's expiration.

There were also plenty of chances earlier to lock in profits on this trade. If someone did hold the trade through expiration, the trade would have been a wash because the SPX settled at about 1391 - 31 points in the money for the short call.

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Your Best Friend

Who's your best friend? Without a doubt, it's your dog, not your spouse.

If you don't believe it, just try this experiment. Put your dog and your spouse in the trunk of the car for an hour.

When you open the trunk, who is really happy to see you?

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SUMMARY OF CPTI APRIL POSITIONS
CPTI April Position #1 - RUT Bull Put Spread - 721.07

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. PROFIT: $1,100.

CPTI April Position #2 - SPX Bull Put Spread - 1390.07

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). PROFIT: $1,100

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CPTI MAY POSITIONS

CPTI May Position #1 - SPX Bull Put Spread - 1390.33

On 3/31, with the SPX at about 1316, we sold 20 SPX May 1130 puts and bought 20 SPX May 1120 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 May Position #2 - RUT Bull Put Spread - 721.07

On 4/11, with the RUT at about 700, we sold 20 RUT May 600 puts and bought 20 RUT May 590 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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CPTI JUNE POSITION

CPTI June Position #1 - SPX Bull Put Spread - 1390.33

On 4/18, with the SPX at about 1392, we sold 20 SPX June 1235 puts and bought 20 SPX June 1225 puts for a credit of $.70 ($1,400). 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 ? Bull Put Spread ? 1390.33

On 3/31, with the SPX at 1316, we sold 30 SPX May 1130 puts and bought 30 SPX May 1120 puts for a credit of $.55 ($1,650). Maintenance is $30,000. We have plenty of time to find a bear call spread. Let?s hope the market cooperates.

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SEMINAR DATES -

WASHINGTON D.C. - Aug. 9th & 10th

LAS VEGAS - June 21st & 22nd

I will be presenting our two-day advanced CPTI seminars in Las Vegas on June 21st & 22nd (Saturday & Sunday) and in Washington D.C. on August 9th & 10th (Saturday & Sunday). Come on down! As of today, only six spots remain for the Las Vegas seminar.

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 your calendar and contact me as soon as possible. Send me your phone number 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 guarantee you?ll be impressed.

18 Early Birds
There were 18 early birds who saved $100 on the upcoming Las Vegas seminar by completing their reservation by April 11th.

Las Vegas Retakes Gone
As you probably 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! The five retake spots available for the Vegas seminar are now gone. To be put on a waiting list, contact me. There is the occasional cancellation.

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!

60 OUT OF 65 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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