Trade Entry for August 2 positions will be on Friday this week after Non Farms Payroll.
This Friday's monthly Employment Situation report, due out one hour before the open, "could" significantly move the market one way or the other. Because of this pending news, we will hold off entering any new positions until after the news is released, and after the market has had some time to settle down. It is NOT recommended to open any new positions prior to the news Friday morning.
I also wanted to take this opportunity to post the results of the 10-point wide Iron Condor that I have now been trading live for 6 weeks. The results have been quite positive; and I will continue to recommend/trade this strategy on a weekly basis as long as there is sufficient credit ($1.25 minimum) at the time of trade entry.
SPX Weekly 10 point wide Iron Condor results
The original guidelines for this 10 point wide Iron Condor were published on July 4. For anyone not familiar with the guidelines, the article can be found here: Link to Articles
Trade entry details will be posted at the end of the week.
As always, stay keen on your risk management and trade carefully,