November 20, 2012 Trade Update

Good Morning!

Yesterday afternoon, I added 5 750/770 call verticals to the December M3 position.  The position now consists of 8 750 put butterflies, 2 770 put butterflies, 1 720 RUT call, 10 76 IWM calls and 5 750/770 call verticals. The position is showing a profit of about $1200 and will likely get additional up side adjustments later in the day.

I will keep you updated with any changes.

John

Click here to learn more about all our strategies, including Bearish Butterfly and M3 strategies!

And check out these great videos!

http://optionstribe.com/2012/01/recording-an-improved-version-of-the-bearish-butterfly-trade-john-locke

http://optionstribe.com/2012/03/recording-simulated-march-bearish-butterfly-review-john-locke

http://www.smbtraining.com/blog/yesterdays-option-tribe-meetingm3-trading-strategy-by-john-locke

http://www.smbtraining.com/blog/yesterdays-option-tribemay-and-june-bearish-butterfly-strategies

http://optionstribe.com/2012/01/recording-butterfly-trading-with-deep-itm-calls-to-control-deltas-forrest-anderson

http://optionstribe.com/2012/07/recording-m3-trading-system-john-locke/