IWM Iron Condor for March

As I wrote in this weekend's update, today is 39 days until March expiration. I had tentatively planned to open the Iron Condor position today. However, after looking ahead to pending economic news, I see that Janet Yellen's testimony in preparation for her to take over the FOMC begins at 10 am Tuesday.

Some news reports say that if her "dovish-side" comes through in a strong manner, the market could react with a strong move to the upside. Rather than to risk a new position being put in jeopardy, I have decided to wait until Tuesday afternoon to open the March trade.

I will post trade entry details when the position is opened.

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

Dot Hazlin