Recommended trade entry for Tuesday, February 9

March monthly cycle, expires March 18

Recommended Trade Entry:

- SELL SPY March 200 Call, currently $.58. Delta of short call: .14.

- BUY SPY March 205 Call, currently $.17.

- SELL SPY March 168 Put, currently $1.54. Delta of short put: - .15

- BUY SPY March 163 Puts, currently $1.00.

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

Current mid price for all four legs: $.95. 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 20, 2015, and can be found here: Link to Articles

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

Dot Hazlin