In looking at setups for the weekly SPX Iron Condor for July 2, as of this writing the appropriate short strikes of a .10 delta would be the 2005 call and 1945 put. However, the credit for this position would only be $.85, too low to even place this as a test/paper position.

The VIX continues to drop again this morning, now at 10.66. At these levels, it is just about impossible to receive enough premium and remain far enough away from SPX price to warrant the risk on a short term position.

Next week will be the planned entry for the August SPY Iron Condor, I will post suggested entry this weekend.

Enjoy the long weekend and the extra day away from the market.

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

Dot Hazlin