Recommended trade entry for Monday, February 9

March monthly cycle, expires March 20

Recommended Trade Entry:

- SELL SPY March 214 Calls, currently $.60. Delta of short call: .14.

- BUY SPY March 219 Calls, currently $.14.

- SELL SPY March 191 Puts, currently $1.46. Delta of short put: - .17

- BUY SPY March 186 Puts, currently $1.00.

It is recommended to place the order as a single entry: SELL " Iron Condor".

Current mid price for all four legs: $.92. 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.

For those unfamiliar with the strategy, the trade management guidelines were updated on August 7, 2014, and can be found here: Link to Articles

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

Dot Hazlin