Recommended trade entry for Friday, September 19

Expiration Date: Friday, October 18.

Recommended Trade Entry:

- SELL RUT October 1160 Calls

- BUY RUT October 1210 Calls

- SELL RUT October 1160 Puts

- BUY RUT 1110 Puts

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

Current mid price for all four legs: $29.75. We recommend trying to get filled for the mid, or slightly below.

Note that because this is a 50-point wide Iron Butterfly, the gross margin requirements in a Reg-T account is $5,000 per contract. Your broker will deduct this amount, less actual credit received, from your account when the order fills.

An update will be posted with exact position details when the order is filled.

For those unfamiliar with the strategy, the trade management guidelines were updated on September 4, and can be found here: Link to Articles

It is recommended that the guidelines be fully understood before entering the position.

Trade updates will be posted as appropriate.

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

Dot Hazlin