Option Investor
Updates

NEW JULY CPTI POSITION

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Good Morning,

Welcome back from the holiday weekend.

Let's try and take advantage of this morning's up market.

With the SPX at about 1272, let's:

Sell 25 July SPX 1340 calls - SXYGH
Buy 25 July SPX 1350 calls - SXYGJ
Credit of about $.55 ($1,375)

This will partially complete the Iron Condor on the SPX. This should provide us with a bit of a cushion should we continue to the downside while we have a 68 point cushion on the top.

Good luck and trade smart. Double check your symbols before placing your orders. Adjust the number of contracts to your account size and risk tolerance.

Mike


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