Recommended trade entry for Monday, January 12

February monthly cycle, expires February 20

Recommended Trade Entry:

- SELL SPY February 213 Calls, currently $.45. Delta of short call: .11.

- BUY SPY February 218 Calls, currently $.07.

- SELL SPY February 189 Puts, currently $1.37. Delta of short put: - .17

- BUY SPY February 184 Puts, currently $.90.

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

Current mid price for all four legs: $.85. We recommend trying to get filled for the mid, or a few cents below. Minimum recommended credit: $.80.

Update will be posted with exact position details when the order is executed.

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