Found a trade on the SPX -- the first part of a potential Iron Condor.
Sell 12 June SPX 1230 puts - SZPRF
Buy 12 June SPX 1215 puts - SZPRC
Credit of about $.60 ($720)
This is the first step of what we hope will turn into an Iron Condor. We'll keep looking for a reasonable bear call spread for the topside.
Our cushion, at this writing, is about 77.5 points. We have 6 1/2 weeks left to June expiration. Maintenance is 18,000. Always double check the symbols before you put on the trade.
Good luck and trade smart.