MOT Follow-Up to Text Alerts (XLE)(XLY) Trade June 5, 2018

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.

MOT (PLTB) members -

Good session today where we reviewed strategic global issues (focus on oil/OPEC/Russia/Chinia), domestic events, and got tactical with a new bull put spread on XLE, looked at synthetic stock on AMZN, and ended up doing a long call diagonal on XLY (a proxy for AMZN).

New XLE bull put spread:

Trade Metrics:

New Jan20 XLY long call diagonal with protective put on XLY (since AMZN Jan20 is cost prohibitive):

Trade metrics:

Whiz

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