Recommended trade entry for Monday, December 12
SPY Iron Condor for December monthly cycle, expiring January 20
Recommended Trade Entry:
- SELL SPY January 233 Call, currently $.52. Delta of short call: .15.
- BUY SPY January 238 Call, currently $.16.
- SELL SPY January 217 Put, currently $1.09. Delta of short put: -.17
- BUY SPY January 212 Put, currently $.62
It is recommended to place the order as a single entry: SELL " Iron Condor".
Current mid price for all four legs: $.83. We recommend trying to get filled for the mid price 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,