Option Investor
Updates

NEW OCTOBER CPT PORTFOLIO POSITION

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NEW COUCH POTATO OCTOBER POSITIONHello Everyone,

With all those maintenance dollars burning a hole in our pocket, let's poke our nose into October.

With the RUT at about 732, let's:

Sell 20 RUT October 600 puts - RUWVT
Buy 20 RUT October 590 puts - RUWVR
Credit of about $.55 ($1,100)

Maintenance is $20,000. Current cushion is about 132 points -- that should keep us safe for the next 8-9 weeks.

Be careful and always double check your option symbols before placing your trades.

If you're aggressive, you might go up a strike. If you're conservative, you might wait for a dip and go down a strike. Be creative, just don't be greedy.

Mike

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