Recommended trade entry for June 26

Option Code: SPXW150702

Expiration Date: Thursday, July 2 (Expires one day early due to market being closed on Friday, July 3)

Recommended Trade Entry:

- SELL SPX July 1 2145 Call, currently $1.30. Delta of short call: .10.

- BUY SPX July 1 2155 Call, currently $.55.

- SELL SPX July 1 2050 Put, currently $3.80. Delta of short put: -.14.

- BUY SPX July 1 2040 Put, currently $2.80.

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

Current mid price for all four legs: $1.75. We recommend trying to get filled for the mid or a few cents below.

Please note: Traders should always be aware of any news events that may cause a sudden move in the market. If that occurs, it is recommended to immediately cancel the working order until things settle. Depending on the move that may occur, the above strikes may need to be changed to appropriate strikes within the .10 - .14 range. It is each individual's responsibility to select the strikes they feel most comfortable with, depending on trading style and risk tolerance.

Update will be posted with exact position details when the trade is opened.

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