Recommended trade entry for Thursday, August 28.

Option Code: SPXW140905

Expiration Date: Friday, September 5.

Recommended Trade Entry:

- SELL SPX September 1 2025 Calls, currently $.80 Delta of short call: .09.

- BUY SPX September 1 2035 Calls, currently $.30

- SELL SPX September 1 1960 Puts, currently $2.15 Delta of short put: -.12

- BUY SPX September 1 1950 Puts, currently $1.55.

It is recommended to place the order as a single entry: SELL " Iron Condor".

Current mid price for all four legs: $1.10. We recommend trying to get filled for minimum suggested credit for this trade, or $1.25 for all four legs. If this does not fill for $1.25 this afternoon, we will look at alternative strikes for a possible entry tomorrow. It is not recommended to enter the position for less than $1.25 credit. Volume is so low this week, fills could be a challenge.

Please note: Traders should always be aware of any news events that may cause a sudden move in the market. If that occurs, it is recommended to immediately cancel the working order until things settle. Depending on the move that may occur, the above strikes may need to be changed to appropriate strikes within the .10 - .12 range. It is each individual's responsibility to select the strikes they feel most comfortable with, depending on trading style and risk tolerance.

Update will be posted with exact position details if the order fills.

For those unfamiliar with the strategy, the trade management guidelines were updated on August 7, and can be found here: Link to Articles

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

Dot Hazlin