NEW COUCH POTATO OCTOBER TRADE
Updates, Tuesday, 09/02/2008 11:01:24 AM ET
HAVING TROUBLE PRINTING?
Good Morning Gang,
With this morning's bounce, let's take a chance and put on a half position on top of our SPX bull put spread.
With the SPX at about 1294, let's:
Sell 10 October SPX 1415 calls - SXZJC
Buy 10 October SPX 1425 calls - SXZJE
Credit of about $.55 ($550)
Cushion of about 120 points. There should be no additional maintenance requirement if you aleady have the SPX bull put spread.
Good luck, don't be greedy, and double check your option symbols before placing your trade.