Recommended trade entry for Monday, November 10
December monthly cycle, expiring December 19
Recommended Trade Entry:
- SELL SPY December 210 Calls, currently $.53. Delta of short call: .15.
- BUY SPY December 215 Calls, currently $.12.
- SELL SPY December 195 Puts, currently $1.13. Delta of short put: - .17
- BUY SPY December 190 Puts, currently $.65.
It is recommended to place the order as a single entry: SELL "Iron Condor".
Current mid price for all four legs: $.89. 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,