Options Trading for Income 2016-05-16 – Episode 567 Podcast

 

Listen as John Locke analyzes the current market conditions and make calls on what is most likely to happen next. Follow along through the sample trades of the Bearish Butterfly, M3, Rock, and Vcondor with adjustments. Watch the webinar at: https://www.lockeinyoursuccess.com/options-trading-for-income-2016-05-16-episode-567/

Update Index

1:30 Locke Options Community Levels – Basic (FREE), Premium, and Premium PLUS – https://www.lockeinyoursuccess.com/locke-options-community/

2:00 Premium PLUS benefits and webinars – https://www.lockeinyoursuccess.com/coaching/locke-options-community-coaching/

2:38 FREE Broken Wing Butterfly Master Track Series with Premium PLUS membership – https://www.lockeinyoursuccess.com/broken-wing-butterfly-master-track-series/

6:11 Calendar events this week – Options Tribe 7 Figure Trade, Dave Thomas M3 trade, Community Coaching and Successful Options Trader of the Month – https://www.lockeinyoursuccess.com/more/calendar/

7:43 Market update – RUT, SPX, & DOW

11:09 NDX review

11:39 May Bearish Butterfly – Closed at 10% or 11% profit – https://www.lockeinyoursuccess.com/programs/bearish-buttery-trading-system/

12:00 May M3 – Too high delta – Did some verticals – Time to exit – https://www.lockeinyoursuccess.com/programs/m3-trading-system/

14:23 May Rock – Challenge – T+0 not very stable – made adjustments – https://www.lockeinyoursuccess.com/programs/the-rock/

17:50 May Vcondor – no adjustments – https://www.lockeinyoursuccess.com/programs/super-simple-spreads/

19:50 June Bearish Butterfly – only entered 1/3 – slightly positive delta – https://www.lockeinyoursuccess.com/programs/bearish-buttery-trading-system/

21:00 June M3 – little sag to the upside – https://www.lockeinyoursuccess.com/programs/m3-trading-system/

21:51 June Vcondor – getting near an adjustment point – https://www.lockeinyoursuccess.com/programs/super-simple-spreads/

22:37 If the V-Condor was your only income trade would you be more likely to exit at a profit now rather than wait to see if it can make more