Options Trading for Income 2016-06-06 – Episode 570

Watch as John Locke reviews the current market conditions and reviews how four of his options strategies performed.

Update Index

1:57 Premium PLUS membership – Broken Wing Butterfly Master Track Series must register by June 8th- https://www.lockeinyoursuccess.com/broken-wing-butterfly-master-track-series/
3:05 Successful Options Trader of the Month June 21 LIVE from Maui –https://www.lockeinyoursuccess.com/successful-trader-of-the-month/
3:20 Facebook LIVE streams will be happening during the Trading Triangle LIVE retreat. Be sure to LIKE our page at: https://www.facebook.com/LockeInYourSuccessLLC/
3:39 Premium PLUS members Skype group with moderator Kevin Lee – https://www.lockeinyoursuccess.com/coaching/locke-options-community-coaching/
4:19 Market update – RUT – Bullish pattern; SPX – Slightly Bearish; NDX Slightly Bullish pattern; DOW – Neutral / Slightly Bearish pattern
9:00 June M3 – RUT has been pretty aggressive / SPX has not – Rolled position higher – https://www.lockeinyoursuccess.com/programs/m3-trading-system/
15:09 Do you have a reference value for Negative Vega to still Stay in the trade? -50 or -75? -50 is reasonable
16:15 Rather than moving the entire M3 up, would you only move the top half up? This is advanced, personalization of the trade.
19:14 June Rock – https://www.lockeinyoursuccess.com/programs/the-rock/
21:45 ROR BWC… acronym for? something Broken Wing Condor…what is the ROR? Find more acronyms at: https://www.lockeinyoursuccess.com/programs/m3-trading-system/m3-configurations/
22:41 What does T+0 mean? – The line on the analyze graph that shows the theoretical value of the position today
23:45 Acronyms for M3 – https://www.lockeinyoursuccess.com/programs/m3-trading-system/m3-configurations/
25:23 June Vcondor – https://www.lockeinyoursuccess.com/programs/super-simple-spreads/
27:09 July Bearish Butterfly – Roll and add – https://www.lockeinyoursuccess.com/programs/bearish-buttery-trading-system/
29:45 July M3 – https://www.lockeinyoursuccess.com/programs/m3-trading-system/
30:56 Do you look at delta/ theta ratios for all the different variations on the butterfly or is that just the bearish butterfly?
33:12 July Vcondor – https://www.lockeinyoursuccess.com/programs/super-simple-spreads/
36:00 OptionVue bugs
36:56 Another issue is that the new version of OV loses the data feed from TOS after a few minutes. It is a known issue and folks should not update to the new version until that is fixed