While the Global Trading Dispatch focuses on investment over a one week to six-month time frame, Mad Options Trader, provided by Matt Buckley, will focus primarily on the weekly US equity options expirations, with the goal of making profits at all times.
PLTB traders –
Been OTP with Webex trying to recover the recording from this morning and not looking good. This happens once every 6 months so my apologies if you couldn’t attend.
Here’s an overall look at adjustments to existing positions:
During the PLTB i went over to the WO model portfolio and closed an SPX 2190/2195 bear call spread I placed yesterday morning for a $1200/80% profit in one day.
I currently have 2 FXI positions – Jan 2017 and Jan 2018 – but I took a look at what FXI position I would add today to the PLTB portfolio:
Long call diagonal with protective put:
Note that the premium of the front month is incorrect. Potential max profit on the short call out to next Friday is $562.