Recommended trade entry for Monday, March 7

April monthly cycle, expires April 15

Recommended Trade Entry:

- SELL SPY April 208 Calls, currently $.57. Delta of short call: .15.

- BUY SPY April 213 Calls, currently $.09.

- SELL SPY April 185 Puts, currently $.98. Delta of short put: - .14

- BUY SPY April 180 Puts, currently $.56.

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.

For those unfamiliar with the strategy, the trade management guidelines were updated on August 20, 2015, and can be found here: Link to Articles

As always, stay keen on your risk management and trade carefully,