It is recommended to exit the July 8 SPX Iron Condor before FOMC minutes this afternoon.

As I wrote in this weekend's update, the release of the FOMC minutes sometimes creates some volatility in the market. It is recommended to exit this week's SPX Iron Condor before the minutes are released at 2 pm EST. As of this writing, SPX futures are down about 12 points, and the position is slightly under water.

Some more adventurous traders may choose to keep the position open, but I will exit as per the plan. Closing order fills will be posted when the position is exited.

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

Dot Hazlin