Recommended trade entry for Thursday, June 15

Option Code: SPXW170623

Expiration: Friday, June 23.

Recommended Trade Entry:

- SELL SPX June 23 2460 Call, currently $1.15. Delta of short call: .10.

- BUY SPX June 23 2470 Call, currently $.60.

- SELL SPX June 23 2375 Put, currently $ 3.70. Delta of short put: -.15.

- BUY SPX June 23 2365 Put, currently $3.00.

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

Current mid price for all four legs: $1.25; which is the suggested minimum credit for the trade. 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.

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