MOT Follow-Up to Text Alerts (XOM)(EWZ)Trades May 2, 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 -

Funny session this morning (just ask me!), we covered a lot of ground.

SPX weekly options bear call spreads looking good so far, make sure you are not in a $10 wide spread like I gooned up.

Overall look at the new trades and adjustments to existing positions:

New XOM iron condor (legging in w/2 separate spreads):

Bear call spread:

Trade metrics:

Bull put spread:

Trade metrics:

New EWZ bear call spread (holding current 37.5/38 bear call spread as part of iron condor):

Trade metrics:

Also covered what new VXX trade I would enter today if I didn?t already have one on ? I am holding this current bullish double vertical, but if I didn?t I would roll this trade down .50 and out a week:

Whiz

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