MOT Follow-Up (VXX) Trade August 21, 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 -

Thanks for your understanding & flexibility yesterday!

Bittersweet dropping my son off at Norwich, but he is beginning is journey to be an officer of Marines and hopefully an aviator, so that gives me some airspeed to keep the press on and smile!

First day back was action packed!

PLEASE watch the replay if you couldn’t attend or missed anything.

VXX weekly options bull put spread sent out yesterday closed mid market at .05 – I sent it out yesterday at .17.

That’s an $1800 gain into the close and VXX is even higher after market close (28.83). That’s a 71% gain in ONE DAY. Our VXX trades have been knocking down some serious profit.

We covered our current iron condor on RTN that’s going right down the fairway ($1680 gain) along with the XOM 80/80.5 bear call spread that during our session started looking A LOT better!

We also covered getting long VIX calls @ 3.30 that closed up $550:

Whiz

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