Recommended trade entry for Monday, December 8
January monthly cycle, expiring January 16
Recommended Trade Entry:
- SELL SPY January 214 Calls, currently $.41. Delta of short call: .14.
- BUY SPY January 219 Calls, currently $.10.
- SELL SPY January 199 Puts, currently $1.17. Delta of short put: - .17
- BUY SPY January 194 Puts, currently $67
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.81. We recommend trying to get filled for the mid, or a cent 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,