SPY June Iron Condor is within striking distance of target, it is recommended to exit the position before the close today.

As of this writing, the June SPY Iron Condor is +$38.00, or 9.1% of the actual margin. This is based on the current debit of $.43 to exit the position.

Rather than take this position over the long weekend, I am recommending it be closed before the end of today. While the position is relatively flat delta, and centered between the short strikes, it is not worth the risk in my opinion to keep it open.

As I posted the other day, the Ukraine elections are taking place, as well as the EU Parliamentary elections. Either of these events could put the position in jeopardy by the time the market re-opens Tuesday.

I will post the actual closing debit over the weekend.

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

Enjoy the extra day away from the market,

Dot Hazlin