REVISED Recommended trade entry for Friday, March 17

Option Code: SPXW170324

Expiration: Friday, March 24.

Recommended Trade Entry:

The working order for today's trade entry did not fill; below are alternate strikes. The position is narrower than I would like it to be (less room between the two short strikes). Therefore, it is recommended to take this into account when planning your position size. It is recommended to take this position in a smaller size than usual, because of the higher risk.

Some traders may choose to wait for a fill on the trade posted earlier; our working order is for the revised position as follows:

- SELL SPX March 24 2405 Call, currently $1.70. Delta of short call: .15.

- BUY SPX March 24 2415 Call, currently $.85.

- SELL SPX March 24 2340 Put, currently $ 1.90. Delta of short put: -.11.

- BUY SPX March 24 2330 Put, currently $1.90.

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

Current mid price for all four legs: $1.35. It is recommended to try to get filled at the mid or a few cents below. The minimum recommended credit for trade entry is $1.25. Bid/ask prices can sometimes be wide, so there is no guarantee there will be a fill at the current mid price. Some traders may get filled at a better credit, others may have to cave in a bit to get the order executed. But it is not recommended to open the position unless you can get $1.25 credit.

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.

Update will be posted with exact position details when the trade is opened.

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

Dot Hazlin