Recommended trade entry for Tuesday, October 14
November monthly cycle, expires November 22
Recommended Trade Entry:
- SELL SPY November 200 Calls, currently $.36. Delta of short call: .10.
- BUY SPY November 205 Calls, currently $.06.
- SELL SPY November 176 Puts, currently $1.58. Delta of short put: - .18
- BUY SPY November 171 Puts, currently $1.05.
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.83. We recommend trying to get filled for the mid, or a few cents below. Minimum recommended credit: $.80.
Update will be posted with exact position details when the order is executed.
As always, stay keen on your risk management and trade carefully,