Strikes not available yet for SPY August Iron Condor.

In looking at potential setups this morning for the August SPY Iron Condor, I note that the call strikes above 200 are only available in 5-point increments. This does not make for a reasonable trade entry as of now, so it is recommended to wait until additional strikes are available before entering this new position. There are still 39 days to August expiration, so there is plenty of time for the trade entry.

I will continue to monitor and post an update when the trade is entered.

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

Dot Hazlin