Tomorrow brings two new potential SPX trade entries for the May 4 Cycle; a Put Credit Spread and iron Condor.
1) SPX Put Credit Spread
The article posted May 12 gave the basic guidelines for this new weekly trade. We plan to enter this position tomorrow, as long as market conditions are within the guidelines outlined in the article.
2) SPX Iron Condor
This strategy is still in the "test kitchen" so I do not recommend trading it live. However, I will be placing another paper trade for the weekly Iron Condor tomorrow. For those of you following this trade, the guidelines were posted on May 6.
Here is the link to the articles referenced:
Link to Articles
Actual new trade entry details will be posted Tuesday evening, as well as an update on the current position.
As always, stay keen on your risk management and trade carefully.