Tomorrow brings two new potential SPX trade entries for the June (monthly) Cycle; a Put Credit Spread and iron Condor. The option code for this cycle is SPX130622, expiring June 22.

1) SPX Put Credit Spread

The article posted May 12 gave the basic guidelines for this weekly trade. We plan to enter this position tomorrow, as long as market conditions are within the guidelines outlined in the article. If tomorrow is not within the guidelines for entry, this position can be entered up until Friday, as long as there is sufficient credit.

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 open RUT position.

As always, stay keen on your risk management and trade carefully.

Dot Hazlin