MOT Follow-Up to Text Alert - (SPX) August 22, 2016

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.

WO members -

Good session today, went a little long so we could discuss issues with the site and other welcome aboard items for our new Full Throttle members.

I ended up legging into an iron condor on SPX, getting filled on the bear call spread first:

Trade metrics:

Bull put spread:

Trade metrics:

I was eventually filled on both spreads and here's the resulting iron condor:

I also added individual adjust/eject points for both spreads, make sure you watch the replay if you need a further explanation.

I'll see many of you tomorrow in the PLTB at 9 AM eastern and remember you will get the link 1 hour prior so you dont have to be on website at all.

Have a great day,

Whiz

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