Recommended trade entry for Friday, August 29.

Option Code: SPXW140905

Expiration Date: Friday, September 5.

Recommended Trade Entry:

- SELL SPX September 1 2025 Calls, currently $.70 Delta of short call: .09.

- BUY SPX September 1 2035 Calls, currently $.25

- SELL SPX September 1 1965 Puts, currently $2.25 Delta of short put: .12

- BUY SPX September 1 1955 Puts, currently $1.65.

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

Current mid price for all four legs: $1.05. We recommend trying to get filled for minimum suggested credit for this trade, or $1.25 for all four legs. It is not recommended to enter live for less than $1.25 credit for all four legs.

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