Closing Trade : SPX

Stock / Symbol: S&P 500 INDEX / SPX

Option Strategy: [private_monthly]bull put spread[/private_monthly]
Trade entry date: Apr 10
Price at trade entry: $1363.50
Price at this post: $1388.90

Reasoning: With the market up, it's a good day to book a quick 8.5% return. However, the odds are pretty good for getting the full yield on this trade (currently 92%), so feel free to hang onto this thru to May expiration; just be sure to adhere to our suggested stop. [/private_monthly]

Closing Trade Details:[private_monthly]
BTC -1 SPX May12 1280 put
STC 1 SPX May12 1270 put
for a net debit of $0.55 per contract (GTC, limit order)

Max Risk: $870
Max Reward: $130 or 14.9% by May 18
Profit Range: $1280 +
Suggested Stop @: $1300
Profit / Loss upon fill: $75 or 8.6% (pre-commission)

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