Recommended trade entry for Monday, December 7
SPY Iron Condor for December monthly cycle, expiring January 15
Recommended Trade Entry:
- SELL SPY January 216 Call, currently $.50 Delta of short call: .17.
- BUY SPY January 221 Call, currently $.10.
- SELL SPY January 197 Put, currently $1.36. Delta of short put: -.17
- BUY SPY January 192 Put, currently $.84
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.92. We recommend trying to get filled for the mid, or a few cents below. The minimum recommended credit for this trade is $.80.
Update will be posted with exact position details when the order is executed.
As always, stay keen on your risk management and trade carefully,