MOT Follow-Up to Text Alerts (XOM) Trade April 10, 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 (WO/PLTB) members -

Good session this afternoon!

A LOT going on in the world and for today markets are ignoring it?for now. We covered China, Iran, Russia/Syria, the FBI raid, and previewed earnings.

Please make sure you watch the replay if you missed something or couldn?t attend.

We also had a good discussion about potentially profiting on assignment. Good learning points.

We covered the current VXX weekly bull put spread (up 47%/$1400 in ONE day) I would hold and bail before Fri bank earnings.

We covered a repair trade based on today?s pop in XOM based on upgrade at BAC. I would hold current 27 Apr bear call spread, A LOT of time left on that trade.

Repair bear call spread, which is also a good stand alone trade:

Trade Metrics:

Whiz

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