Recommended trade entry for Monday, May 11
June monthly cycle, expiring June 19
Recommended Trade Entry:
- SELL SPY June 218 Calls, currently $.58. Delta of short call: .16.
- BUY SPY June 223 Calls, currently $.09.
- SELL SPY June 200 Puts, currently $1.01. Delta of short put: - .16
- BUY SPY June 195 Puts, currently $.60
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,