We are adding the following credit spreads to the September expiration cycle.

We are adding put spreads on LLY and MCP to complete an iron condor on MCP and an iron butterfly on LLY

We are recommending the following specific credit spreads.

Put credit spreads = bullish call spreads.

We are going to add a put spread on LLY. This put spread along with our current call spread will complete an iron butterfly on LLY.

we are going to add a put spread on MCP. This put spread along with our current call spread will complete an iron condor on MCP.