Recommended trade entry for Monday, July 13
August monthly cycle, expiring August 21
Recommended Trade Entry:
- SELL SPY August 216 Call, currently $.63. Delta of short call: .17.
- BUY SPY August 221 Calls, currently $.10.
- SELL SPY August 198 Puts, currently $1.14. Delta of short put: - .17
- BUY SPY August 193 Puts, currently $.68
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,