Recommended trade entry for September 7

Option Code: SPXW170915

Expiration: Friday, September 15

Please note that there are two September 15 expirations in the SPX option chain. One is the regular September monthly (last day to trade is Thursday), and the other is the September 15 weekly that expires at the close on Friday. This week's trade is on the WEEKLY; please check before you enter the trade that it is the correct cycle (option code is above).

Recommended Trade Entry:

- SELL SPX September 15 2495 Call, currently $1.25. Delta of short call: .10.

- BUY SPX September 15 2505 Call, currently $.60.

- SELL SPX September 15 2415 Put, currently $ 3.40. Delta of short put: -.14.

- BUY SPX September 15 2405 Put, currently $2.80.

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.

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