With the SPX at 1428, let's try and put the topside onto our SPX 1335/1320 bull put spread to complete the Iron Condor. Lets"
This should not require any additional maintenance -- IF you have the bull put spread and the right broker. I did a few less contracts on this bear call spread to reduce the exposure to a possible upside breakout.
Now, we're waiting for the results of the Fed meeting. That can be meaningless or significant. It's your call whether you put on the position now or three hours from now. If you wait, and the market spikes up, common sense tells you to adjust the strike prices upward. Double check the option symbols before you trade.
Good luck and trade smart,
Orders to purchase or sell securities through your account with OptionsHouse, Inc., an independent registered broker-dealer ("OptionsHouse"), shall be accepted and executed solely by OptionsHouse, subject to the terms and conditions of your individual account agreement with OptionsHouse. OptionsHouse makes no investment recommendations and does not provide financial, tax or legal advice. All inquiries regarding your OptionsHouse account, including any disputes or trading errors, should be directed to OptionsHouse. Option Investor, Inc is not a registered broker-dealer and is not in the business of transacting trades. Furthermore, Option Investor, Inc is not a registered investment adviser, does not provide financial, tax or legal advice, and is not recommending that you buy or sell any particular security. OptionsHouse has made its services available to you via Option Investor, Inc as a courtesy. OptionsHouse and Option Investor, Inc are separate and unrelated entities. OptionsHouse is not affiliated with and does not endorse or warrant the products or services of Option Investor, Inc.