Recommended trade entry for Monday, March 9
SPY Iron Condor for April monthly cycle, expiring April 17
Recommended Trade Entry:
- SELL SPY April 215 Calls, currently $.48. Delta of short call: .14.
- BUY SPY April 220 Calls, currently $.08.
- SELL SPY April 197 Puts, currently $1.24. Delta of short put: - .17
- BUY SPY April 192 Puts, currently $.74
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.90. 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,