Recommended trade entry for Monday, September 11
SPY Iron Condor for October monthly cycle, expiring October 20
Recommended Trade Entry:
- SELL SPY October 253 Call, currently .47. Delta of short call: .18.
- BUY SPY October 258 Call, currently $.08.
- SELL SPY October 239 Put, currently $1.10. Delta of short put: -.17
- BUY SPY October 233 Put, currently $.69
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,