Opening order will remain for today; if there is no fill we will re-evaluate Friday.

The order will remain open as follows for the SPX Weekly Iron Condor for the March 24 cycle:

Option Code: SPXW170324

Expiration: Friday, March 24.

Recommended Trade Entry:

- SELL SPX March 24 2420 Call. Delta of short call: .13.

- BUY SPX March 24 2430 Call.

- SELL SPX March 24 2340 Put. Delta of short put: -.11.

- BUY SPX March 24 2330 Put.

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


The mid price has now dropped below our minimum recommended credit. Our working order will remain in place for $1.25 credit, which is the minimum credit for the trade. If this does not fill today, we will re-evaluate tomorrow and enter at that time.

Please note: Traders should always be aware of any news events that may cause a sudden move in the market. If that occurs, it is recommended to immediately cancel the working order until things settle. Depending on the move that may occur, the above strikes may need to be changed to appropriate strikes within the .10 - .15 range. It is each individual's responsibility to select the strikes they feel most comfortable with, depending on trading style and risk tolerance.

Updates will be posted as appropriate.

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

Dot Hazlin