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October 10, 2012

SPX Oct'2 Bull Put Spread

Sell Oct'2 SPX 1420 put
Buy Oct'2 SPX 1415 put

Credit: .60¢ per contract
Margin: $4.40 per contract

Risk Profile:


Game Plan:
  • Profit Target: .50¢
  • Max Risk: .50¢
Update 10/11/2012:

Exited out for .20¢ debit or .40¢ profit (9.09%)