MOT Follow-Up to Text Alerts (SPX)(XOM)(MGM)(GS) Trade December 12, 2017

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 -

VERY busy Joint WO/PLTB session this morning so make sure you watch the replay if you couldn???t attend or missed something.

We covered A LOT of ground from a weekly options SPX trade to some misses on TSLA and GS.

Remember to watch the Options Weapons School Academic Training when able to get some good in depth tactical training.

New WO bull put spread on SPX:

Trade Analytics:

I covered the GS and TSLA trades, looking at a GS repair trade and electing to fade TSLA and grab the popcorn. I remain long term bearish on TSLA, aside from this short squeeze on order news today.

Covered energy/oil and legged into an iron condor on XOM by adding a bull put spread to the existing bear call spread:

Trade Analytics:

New bear call spread on MGM (still like the Jan20 long call diagonal w/protective put):

Trade Analytics:

New bull put spread on GS (repair trade for the bad bear call spread):

Trade Analytics:

Whiz

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.