Recommended trade entry for Monday, June 8
July monthly cycle, expiring July 17
Recommended Trade Entry:
- SELL SPY July 216 Call, currently $.60. Delta of short call: .16.
- BUY SPY July 221 Call, currently $.08.
- SELL SPY July 198 Put, currently $1.14. Delta of short put: - .17
- BUY SPY July 193 Put, currently $.67
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.99. 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,