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2020.07.27 – SESSION 786 – OPTIONS TRADING FOR INCOME

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8 replies, 4 voices Last updated by virginie afota 1 year ago
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    • #16221

      Arunas Skarnulis
      Participant
      @Arunas Skarnulis
      Points: 304
      Rank: Freshman

      That was helpful, John.

      I truly appreciate your effort and commitment to our success.

      • #16224

        John Locke
        Keymaster
        @john-locke
        Going to The Trading Triangle LIVE 2016Locke In Your Success CoachAPM2Trade JournalsUltimate Income Trader Workshop

        I’m excited that it helped, thank you for the feedback Arunas!

    • #16219

      Sherri Locke
      Keymaster
      @KDAKSj4ux
      Going to The Trading Triangle LIVE 2016Ultimate Income Trader Workshop

      The recording of the Options Trading for Income by the Guidelines from earlier today is ready to view. Enjoy!

    • #16210

      Arunas Skarnulis
      Participant
      @Arunas Skarnulis
      Points: 304
      Rank: Freshman

      Hi, John

      It’s a pleasure to meet you, Sherry and all community members.
      Just want to make sure I understood correctly that it is ok to trade both regular BULL and SUPER BULL strategies at the same time. Given their similarities and differences as described in FIT lesson 25?

    • #16200

      virginie afota
      Participant
      @virginie.afota@gmail.com
      Points: 985
      APM2
      Rank: Freshman

      Hi John,

      My own M3 has not yielded the same type of P&L so far so I was intrigued by the results you showed on the last session.

      I do not have ONE so I modeled the same trade you showed at the same time in Option Vue and P&L is $2000 lower. I modeled it both with iron and put butterfly but the P&L was closer to $1500-$1000 than the $3500 ONE was showing.

      I am not sure where it is coming from.

       

      Virginie

       

      • #16215

        John Locke
        Keymaster
        @john-locke
        Going to The Trading Triangle LIVE 2016Locke In Your Success CoachAPM2Trade JournalsUltimate Income Trader Workshop

        And was your M3 Live or just in back tester?

         

      • #16227

        virginie afota
        Participant
        @virginie.afota@gmail.com
        Points: 985
        APM2
        Rank: Freshman

        Dear John,

        First thanks for your explanation on the technical difficulties with Option Vue.

        As far as my own live M3 is concerned: I entered at DTE53 a 1400 butterfly and a 1530 Call. I think the difference in results with the website M3 comes from the fact that I waited before rolling up. I only rolled up on July 20th while the rules called for a roll up on July 15th. During those days, the website trade gained almost $2000 profit. I think it is because, we had a nice drop of volatility and the price stayed in the center of the tent. In my case, the price remained on the right of the tent and I I think this is why I did not benefit from that gain.

        Virginie

         

      • #16214

        John Locke
        Keymaster
        @john-locke
        Going to The Trading Triangle LIVE 2016Locke In Your Success CoachAPM2Trade JournalsUltimate Income Trader Workshop

        Virginie, What was your entry position?

    • #16191

      Sherri Locke
      Keymaster
      @KDAKSj4ux
      Going to The Trading Triangle LIVE 2016Ultimate Income Trader Workshop

      Please post your questions for this session at least 48 hours prior to the live session so we can prepare the most complete and detailed answers for you! Thank you!

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