Option Investor
Updates

NEW AUGUST CPTI POSITION

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Good Morning Troops,

It's about 12:30 and it seems the market is finally taking that dump that expected on the open.

With the RUT at about 690, let's:

Sell 20 August RUT 600 puts - RUWTT
Buy 20 August RUT 590 puts - RUWTR
Credit of about $.55 ($1,100)

Maintenance is $20,000. Cushion is about 90 points at this writing. You may get a little more or less depending where the market is trading when this email gets to you.

Be careful. Be creative, but don't be greedy -- and double check your option symbols before placing your trade.

Good luck,

Mike


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