Recommended trade entry for Monday, May 9

SPY Iron Condor for May monthly cycle, expiring June 17

Recommended Trade Entry:

- SELL SPY June 214 Call, currently $.48. Delta of short call: .13.

- BUY SPY June 219 Call, currently $.10.

- SELL SPY June 194 Put, currently $1.10. Delta of short put: -.16

- BUY SPY June 189 Put, currently $.64

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

Current mid price for all four legs: $.84. 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,

Dot Hazlin