SMB TRAINING OPTIONS TRAINING PROGRAM Presents:. The M3 Trading System Part 2 Extreme Volatility, October 2011 Expiration. Brought to you by SMB Training A World Leader in Options Education Created and taught by John Locke Locke in Your Success, LLC.
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OPTIONS TRAINING PROGRAM
A World Leader in Options Education
Created and taught by John Locke
Locke in Your Success, LLC.
“Know what you want, make it happen!”
We’ve had the crash and are entering into extremely volatile market conditions
(RUT has been up 62 points in 2 trading days!)
(RUT has been down 60+ points in 2 trading days, still 29 DTE and IV is very high!)
(RUT has been up 75 points in 4 trading days!)
I sold 20 – 600 butterflies and bought 10 – 650 butterflies. I altered the butterfly/call ratio. I did this because the expense of buying 20 butterflies this late in the trade would throw off the balance between the butterflies and the calls.
I would be concerned about downside risk