Premium has disappeared; it's too risky to enter a new weekly trade today.
We are not recommending a trade entry for the SPX weekly Iron Condor for the June 9 cycle. After reviewing potential setups this morning with the VIX hovering at 10 or slightly below, I could not find a decent setup for what I consider a reasonable trade.
For those who may be disappointed, my apologies and of course traders may venture into their own trade if they choose to do so. In my opinion, it is not worth jeopardizing the favorable track record we have had this year for the weekly Iron Condor, as well putting our capital at risk. We will keep cash as our position and hope for an opportunity to enter next week.
As always, stay keen on your risk management and trade carefully.