May expiration results are in! Listen as John Locke reviews 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.
To watch the video recording click here: https://www.lockeinyoursuccess.com/options-trading-for-income-2016-05-23-episode-568/
1:58 – Premium PLUS and NEW tracks for FREE
2:27 – Trading Triangle LIVE in just 29 days! Please register NOW!
2:49 – Successful Options Trader of the Month LIVE from Maui
3:04 – Successful Options Trader Round table
3:18 – Market update – watching a head & shoulders pattern; drifting around sideways
4:11 – The Russell
4:28 – NDX
5:10 – Just bought M3 from SMB. Materials are 4 years old. I have read that some of the guidelines have been slightly updated. Where to find the latest guidelines? – M3 forum can get updates
6:06 – May Vcondor – Coming into the close of the month
7:26 – Results for May – Vcondor 4.32% gain; Rock 11.90% gain; M3 10.40% gain; Bearish Butterfly 11.10%
8:02 – Results for 2016 year to date – Vcondor 6.40%; Rock 15.30%; M3 13.30%; Bearish Butterfly should be positive by June expiration
8:35 Proven, tested strategies through 568 episodes
9:29 – June M3 – No adjustments – up about 5% – Looks fantastic!
10:32 – June BB – No adjustments – up about 15% – Another fantastic looking trade!
11:30 – June Vcondor – knocked out of one of the puts
12:50 – June Rock entry – too volatile took M3 position
13:50 – July M3 – trade entry – butterfly pricing is good right now
14:30 – July Bearish Butterfly
15:03 – I missed your TA analysis, are you still bearish near term? – Neither bullish nor bearish; market is floating around, kind of neutral
15:39 – Has running helped you with your trading? Any exercise program helps…
16:11 – Can you please elaborate a little bit on what you said about June Bearish Butterfly if you are trading live? Under what conditions you will convert it to M3 and not add 2/3rd? – Reduced profit target
18:28 – Which BFs did you enter the July M3 at? In the 1080’s
Escape, © 2015 music written and performed by Mark Parisi
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