Recommended trade entry for Monday, August 7

SPY Iron Condor for September monthly cycle, expiring September 15

Recommended Trade Entry:

- SELL SPY September 252 Call, currently $.53. Delta of short call: .18.

- BUY SPY September 257 Call, currently $.08.

- SELL SPY September 238 Put, currently $.97. Delta of short put: -.17

- BUY SPY September 233 Put, currently $.62

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

Current mid price for all four legs: $.80. We recommend trying to get filled for the mid price; as 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