Let s Make Some Trades Together!

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1 Let s Make Some Trades Together! Published by Option Alpha. All Rights Reserved.

2 About This Guide With a Premium Membership you ll have access to our daily trading alerts which are linked directly with my personal brokerage account at thinkorswim from TDAmeritrade. Every single time I make any trade (opening, closing, earnings, or hedge) we ll send out an alert automatically to you. Since the trade confirmations can sometimes be a little hard to understand unless you speak option orders I wanted to put together this quick guide to help you breakdown the alerts with tons of examples. You can also watch this video tutorial >> CLICK HERE << Feel free to print and use this guide as you get started learning how our trading system works. It might take a couple trades to get used to the process but as always, if you have questions along the way please let me know so that I can make sure you are on the right track! ~ Kirk Du Plessis (Founder, Head Trader) Published by Option Alpha. All Rights Reserved.

3 The 4 Main Types There are four main types of trade alerts we ll send out to our members which include the following: 1. Opening Trades These trades are completely new positions that you can follow immediately. Remember to scale down your position size if needed. We recommend new positions are 1-5% max risk per trade based on your account size. Because these are opening positions, we did not previously have a trade on in the referenced stock. However it s important to realize that we can have both SELL TO OPEN and BUY TO OPEN orders. 2. Earnings Trades These are shorter term trades focused specifically on profiting from the IV crush that happens after a company announces earnings. Because these trades do require quicker reaction both pre-earnings and post-earnings, we only suggest these trades if you have the available time to trade during the market open and close.

4 3. Hedge Trades Often times throughout the month we ll have trades that move against us which triggers an adjustment or hedge to the position. These trades can sometimes be either opening or closing trades on certain strike prices around the original position. We suggest you do NOT copy these unless you had the original position. These are not stand-alone trades. For more on adjustment strategies and tactics please see our trade adjustment video tutorial section. 4. Closing Trades These are trades that we have completely exited for either a profit or loss. Clearly, you should not initiate the closing order unless you had the original opening position. As we get closer to expiration we will always alert you on any open trades that will be closed, rolled or adjusted. So, if you don t see an alert from us to close a position then that means we still have it open and working. Rest assured, we ll never leave you hanging - promise!

5 Alert Framework Each trading alert that we send out carries a consistent framework to follow as described below: Type: Open/Earnings/Close/Hedge Side: Selling or Buying #Contracts: The # of Contracts or Strategies Traded. Strategy: Iron Condor, Calendar, Vertical, etc. Stock: Ticker Symbol of Security Expiration Month: JAN, FEB, MAR, APR - DEC Strikes: Exact Strikes & Either CALLS/PUTS Price: Amount Paid (Debit) or Received (Credit) Once you become familiar with how they are setup and what each part means, you ll be able to easily follow the trades in your own account. Now, let s use the following pages to go through a bunch of different examples so you are 100% confidence in how our alerts can work for you.

6 Iron Condor Opening Opening = SOLD -1 IRON CONDOR IWM MAR 117/122 CALLS & 117/112 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete iron condor. Strategy: Iron Condor. Stock: Ticker Symbol (IWM) Expiration Month: MAR. March monthly options. Strikes: 117/122 Call Spread & 117/112 Put Spread Price: Received (Credit) of $390 per Iron Condor

7 Iron Condor Opening Opening = SOLD -2 IRON CONDOR USO JUN 20/22 CALLS & 14/12 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -2. We sold 2 complete iron condors. Strategy: Iron Condor. Stock: Ticker Symbol (USO) Expiration Month: JUN. June monthly options. Strikes: 20/22 Call Spread & 14/12 Put Spread Price: Received (Credit) of $47 per Iron Condor

8 Iron Condor Opening Opening = SOLD -3 IRON CONDOR AAPL NOV 585/590 CALLS & 480/475 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -3. We sold 3 complete iron condors. Strategy: Iron Condor. Stock: Ticker Symbol (AAPL) Expiration Month: NOV. November monthly options. Strikes: 585/590 Call Spread & 480/475 Put Spread Price: Received (Credit) of $106 per Iron Condor

9 Iron Condor Closing Closing = BOT +2 IRON CONDOR FXI MAR 46/47 CALLS & 38/37 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +2. We bought 2 complete iron condors. Strategy: Iron Condor. Stock: Ticker Symbol (FXI) Expiration Month: MAR. March monthly options. Strikes: 46/47 Call Spread & 38/37 Put Spread Price: Paid (Debit) of $11 per Iron Condor

10 Iron Condor Closing Closing = BOT +2 IRON CONDOR MSFT MAY 42/44 CALLS & 37/35 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +2. We bought 2 complete iron condors. Strategy: Iron Condor. Stock: Ticker Symbol (MSFT) Expiration Month: MAY. May monthly options. Strikes: 42/44 Call Spread & 37/35 Put Spread Price: Paid (Debit) of $20 per Iron Condor

11 Iron Condor Opening Earnings Opening/Earnings = SOLD -1 IRON CONDOR TSLA (Weekly) FEB2 235/240 CALLS & 185/180 Credit Type: Opening an earnings trade. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete iron condor. Strategy: Iron Condor. Stock: Ticker Symbol (TSLA) Expiration Month: FEB2. February 2nd weekly options. Strikes: 235/240 Call Spread & 185/180 Put Spread Price: Received (Credit) of $115 per Iron Condor

12 Iron Condor Closing Earnings Closing = BOT +1 IRON CONDOR TSLA (Weekly) FEB2 235/240 CALLS & 185/180 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete iron condors. Strategy: Iron Condor. Stock: Ticker Symbol (TSLA) Expiration Month: FEB2. February 2nd weekly options. Strikes: 235/240 Call Spread & 185/180 Put Spread Price: Paid (Debit) of $40 per Iron Condor

13 Short Strangle Opening Opening = SOLD -2 STRANGLE WAG AUG 80 CALL & 65 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -2. We sold 2 complete strangles. Strategy: Strangle. Stock: Ticker Symbol (WAG) Expiration Month: AUG. August monthly options. Strikes: 80 Naked Call & 65 Naked Put Price: Received (Credit) of $127 per Strangle

14 Short Strangle Opening Opening = SOLD -1 STRANGLE UAL JUL 50 CALL & 40 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 12 complete strangle. Strategy: Strangle. Stock: Ticker Symbol (UAL) Expiration Month: JUL. July monthly options. Strikes: 50 Naked Call & 40 Naked Put Price: Received (Credit) of $148 per Strangle

15 Short Strangle Opening Opening = SOLD -3 STRANGLE YHOO OCT 50 CALL & 35 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -3. We sold 3 complete strangles. Strategy: Strangle. Stock: Ticker Symbol (YHOO) Expiration Month: OCT. October monthly options. Strikes: 50 Naked Call & 35 Naked Put Price: Received (Credit) of $117 per Strangle

16 Short Strangle Closing Closing = BOT +5 STRANGLE SNDK JUL 112 CALL & 99 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +5. We bought 5 complete strangles. Strategy: Strangle. Stock: Ticker Symbol (SNDK) Expiration Month: JUL. July monthly options. Strikes: 112 Naked Call & 99 Naked Put Price: Paid (Debit) of $104 per Strangle

17 Short Strangle Closing Closing = BOT +1 STRANGLE SLB JAN 80 CALL & 73 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete strangle. Strategy: Strangle. Stock: Ticker Symbol (SLB) Expiration Month: JAN. January monthly options. Strikes: 80 Naked Call & 73 Naked Put Price: Paid (Debit) of $24 per Strangle

18 Short Strangle Opening Earnings Opening/Earnings = SOLD -1 STRANGLE UA (Weekly) APR2 80 CALLS & 66 Credit Type: Opening an earnings trade. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete strangle. Strategy: Strangle. Stock: Ticker Symbol (UA) Expiration Month: APR2. April 2nd weekly options. Strikes: 80 Naked Call & 66 Naked Put Price: Received (Credit) of $285 per Strangle

19 Short Strangle Closing Earnings Closing = BOT +1 STRANGLE UA (Weekly) APR2 80 CALLS & 66 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete strangle. Strategy: Strangle. Stock: Ticker Symbol (UA) Expiration Month: APR2. April 2nd weekly options. Strikes: 80 Naked Call & 66 Naked Put Price: Paid (Debit) of $13 per Strangle

20 Short Straddle Opening Opening = SOLD -1 STRADDLE GLD DEC 114 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (GLD) Expiration Month: DEC. December monthly options Strikes: Naked 114 Call & Naked 114 Put Price: Received (Credit) of $591 per Straddle

21 Short Straddle Opening Opening = SOLD -1 STRADDLE WAG AUG 80 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (WAG) Expiration Month: AUG. August monthly options Strikes: Naked 80 Call & Naked 80 Put Price: Received (Credit) of $327 per Straddle

22 Short Straddle Opening Opening = SOLD -1 STRADDLE XLU FEB 47 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (XLU) Expiration Month: FEB. February monthly options Strikes: Naked 47 Call & Naked 47 Put Price: Received (Credit) of $190 per Straddle

23 Short Straddle Closing Closing = BOT +1 STRADDLE GLD DEC 114 CALL/ Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (GLD) Expiration Month: DEC. December monthly options. Strikes: 114 Naked Call & 114 Naked Put Price: Paid (Debit) of $430 per Straddle

24 Short Straddle Closing Closing = BOT +1 STRADDLE WAG AUG 80 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (WAG) Expiration Month: AUG. August monthly options. Strikes: 80 Naked Call & 80 Naked Put Price: Paid (Debit) of $215 per Straddle

25 Short Straddle Opening Earnings Opening/Earnings = SOLD -1 STRADDLE MCD JUN2 95 Credit Type: Opening an earnings trade. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (MCD) Expiration Month: JUN2. June 2nd weekly options. Strikes: Naked 95 Call & Naked 95 Put Price: Received (Credit) of $277 per Straddle

26 Short Straddle Closing Earnings Closing = BOT +1 STRADDLE MCD JUN2 95 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete straddle. Strategy: Straddle. Stock: Ticker Symbol (MCD) Expiration Month: JUN2. June 2nd weekly options. Strikes: 95 Naked Call & 95 Naked Put Price: Paid (Debit) of $72 per Straddle

27 Call Credit Spread Opening Opening = SOLD -2 VERTICAL WFM FEB 55/57.5 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (WFM) Expiration Month: FEB. February monthly options. Strikes: 55/57.5 Call Spread Price: Received (Credit) of $67 per Spread

28 Call Credit Spread Opening Opening = SOLD -3 VERTICAL ANF DEC 40/41 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -3. We sold 3 complete credit spreads. Strategy: Credit Spread. Stock: Ticker Symbol (ANF) Expiration Month: DEC. December monthly options. Strikes: 40/41 Call Spread Price: Received (Credit) of $30 per Spread

29 Call Credit Spread Opening Opening = SOLD -5 VERTICAL F FEB 16/17 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -5. We sold 5 complete credit spreads. Strategy: Credit Spread. Stock: Ticker Symbol (F) Expiration Month: FEB. February monthly options. Strikes: 16/17 Call Spread Price: Received (Credit) of $25 per Spread

30 Call Credit Spread Closing Closing = BOT +4 VERTICAL MSFT JAN 40/42 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +4. We bought 4 complete credit spreads. Strategy: Credit Spread. Stock: Ticker Symbol (MSFT) Expiration Month: JAN. January monthly options. Strikes: 40/42 Call Spread Price: Paid (Debit) of $7 per Spread

31 Call Credit Spread Closing Closing = BOT +2 VERTICAL QCOM MAY 80/82.5 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +2. We bought 2 complete credit spreads. Strategy: Credit Spread. Stock: Ticker Symbol (QCOM) Expiration Month: MAY. May monthly options. Strikes: 80/80.5 Call Spread Price: Paid (Debit) of $25 per Spread

32 Put Credit Spread Opening Opening = SOLD -1 VERTICAL CMG JAN 535/530 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (CMG) Expiration Month: JAN. January monthly options. Strikes: 535/530 Put Spread Price: Received (Credit) of $95 per Spread

33 Put Credit Spread Opening Opening = SOLD -1 VERTICAL HLF APR 50/45 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (HLF) Expiration Month: APR. April monthly options. Strikes: 50/45 Put Spread Price: Received (Credit) of $145 per Spread

34 Put Credit Spread Opening Opening = SOLD -1 VERTICAL CRM SEP 50/45 Credit Type: Opening. New trade entry we are making. Side: SOLD. This means we Sold-to-Open this strategy. #Contracts: -1. We sold 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (CRM) Expiration Month: SEP. September monthly options. Strikes: 50/45 Put Spread Price: Received (Credit) of $80 per Spread

35 Put Credit Spread Closing Closing = BOT +1 VERTICAL BIDU NOV 135/130 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (BIDU) Expiration Month: NOV. November monthly options. Strikes: 135/130 Put Spread Price: Paid (Debit) of $8 per Spread

36 Put Credit Spread Closing Closing = BOT +1 VERTICAL IBM APR 175/170 Debit Type: Closing. Exiting a current trade. Side: BOT. This means we Bought-to-Close this strategy. #Contracts: +1. We bought 1 complete credit spread. Strategy: Credit Spread. Stock: Ticker Symbol (IBM) Expiration Month: APR. April monthly options. Strikes: 175/170 Put Spread Price: Paid (Debit) of $40 per Spread

37 Call Debit Spread Opening Opening = BOT +1 VERTICAL GS MAR 165/175 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +1. We bought 1 complete debit spread. Strategy: Debit Spread. Stock: Ticker Symbol (GS) Expiration Month: MAR. March monthly options. Strikes: 165/175 Call Spread Price: Paid (Debit) of $543 per Spread

38 Call Debit Spread Opening Opening = BOT +3 VERTICAL POT JUN 34/36 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +3. We bought 3 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (POT) Expiration Month: JUN. June monthly options. Strikes: 34/36 Call Spread Price: Paid (Debit) of $97 per Spread

39 Call Debit Spread Opening Opening = BOT +2 VERTICAL GOOG AUG 525/530 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +2. We bought 2 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (GOOG) Expiration Month: AUG. August monthly options. Strikes: 525/530 Call Spread Price: Paid (Debit) of $260 per Spread

40 Call Debit Spread Closing Closing = SOLD -2 VERTICAL TWTR MAR 45/46 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -2. We sold 2 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (TWTR) Expiration Month: MAR. March monthly options. Strikes: 45/46 Call Spread Price: Received (Credit) of $77 per Spread

41 Call Debit Spread Closing Closing = SOLD -1 VERTICAL SBUX MAR 65/75 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -1. We sold 1 complete debit spread. Strategy: Debit Spread. Stock: Ticker Symbol (SBUX) Expiration Month: MAR. March monthly options. Strikes: 65/75 Call Spread Price: Received (Credit) of $700 per Spread

42 Put Debit Spread Opening Opening = BOT +5 VERTICAL ORCL MAY 42/41 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +5. We bought 5 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (ORCL) Expiration Month: MAY. May monthly options. Strikes: 42/41 Put Spread Price: Paid (Debit) of $49 per Spread

43 Put Debit Spread Opening Opening = BOT +8 VERTICAL IWM APR 117/116 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +8. We bought 8 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (IWM) Expiration Month: APR. April monthly options. Strikes: 117/116 Put Spread Price: Paid (Debit) of $45 per Spread

44 Put Debit Spread Opening Opening = BOT +3 VERTICAL AOL DEC 43/41 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +3. We bought 3 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (AOL) Expiration Month: DEC. December monthly options. Strikes: 43/41 Put Spread Price: Paid (Debit) of $100 per Spread

45 Put Debit Spread Closing Closing = SOLD -3 VERTICAL X MAR 28/25 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -3. We sold 3 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (X) Expiration Month: MAR. March monthly options. Strikes: 28/25 Put Spread Price: Received (Credit) of $190 per Spread

46 Put Debit Spread Closing Closing = SOLD -4 VERTICAL XLF APR 23/22 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -4. We sold 4 complete debit spreads. Strategy: Debit Spread. Stock: Ticker Symbol (XLF) Expiration Month: APR. April monthly options. Strikes: 23/22 Put Spread Price: Received (Credit) of $72 per Spread

47 Call Calendar Opening Opening = BOT +2 CALENDAR FXI SEP/AUG 41 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +2. We bought 2 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (FXI) Expiration Month: SEP & AUG monthly options. Strikes: Long 41 SEP Call & Short 41 AUG Call Price: Paid (Debit) of $42 per Calendar

48 Call Calendar Opening Opening = BOT +2 CALENDAR CVS JUL/JUN 80 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +2. We bought 2 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (CVS) Expiration Month: JUL & JUN monthly options. Strikes: Long 80 JUL Call & Short 80 JUN Call Price: Paid (Debit) of $44 per Calendar

49 Call Calendar Opening Opening = BOT +4 CALENDAR HPQ JUN/MAY 35 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +4. We bought 4 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (HPQ) Expiration Month: JUN & MAY monthly options. Strikes: Long 35 JUN Call & Short 35 MAY Call Price: Paid (Debit) of $60 per Calendar

50 Call Calendar Closing Closing = SOLD -1 CALENDAR NKE NOV/OCT 90 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -1. We sold 1 complete calendar. Strategy: Calendar. Stock: Ticker Symbol (NKE) Expiration Month: NOV & OCT monthly options. Strikes: Long 90 NOV Call & Short 90 OCT Call Price: Received (Credit) of $109 per Calendar

51 Call Calendar Closing Closing = SOLD -3 CALENDAR INTC OCT/SEP 36 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -3. We sold 3 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (INTC) Expiration Month: OCT & SEP monthly options. Strikes: Long 36 OCT Call & Short 36 SEP Call Price: Received (Credit) of $50 per Calendar

52 Put Calendar Opening Opening = BOT +1 CALENDAR SCTY APR/MAR 50 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +2. We bought 2 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (SCTY) Expiration Month: APR & MAY monthly options. Strikes: Long 50 APR Put & Short 50 MAY Put Price: Paid (Debit) of $42 per Calendar

53 Put Calendar Opening Opening = BOT +4 CALENDAR FXE SEP/AUG 132 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +4. We bought 4 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (FXE) Expiration Month: SEP & AUG monthly options. Strikes: Long 132 SEP Put & Short 132 AUG Put Price: Paid (Debit) of $48 per Calendar

54 Put Calendar Opening Opening = BOT +3 CALENDAR INTC OCT/SEP 36 Debit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +3. We bought 3 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (INTC) Expiration Month: OCT & SEP monthly options. Strikes: Long 36 OCT Put & Short 36 SEP Put Price: Paid (Debit) of $34 per Calendar

55 Put Calendar Closing Closing = SOLD -1 CALENDAR FB OCT/SEP 77.5 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -1. We sold 1 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (FB) Expiration Month: OCT & SEP monthly options. Strikes: Long 77.5 OCT Put & Short 77.5 SEP Put Price: Received (Credit) of $140 per Calendar

56 Put Calendar Closing Closing = SOLD -3 CALENDAR CAT JUL/JUN 100 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -3. We sold 3 complete calendars. Strategy: Calendar. Stock: Ticker Symbol (CAT) Expiration Month: JUL & JUN monthly options. Strikes: Long 100 JUL Put & Short 100 JUN Put Price: Received (Credit) of $32 per Calendar

57 Put Broken-Wing Butterfly Opening Opening = BOT +3 BUTTERFLY EFA SEP 66/65/63 Credit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +3. We bought 3 complete butterflies. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (EFA) Expiration Month: SEP. September monthly options. Strikes: 66 Puts, 65 Puts (SKIP OVER 64), 63 Puts Price: Received (Credit) of $8 (Yes bought for credit!)

58 Put Broken-Wing Butterfly Opening Opening = BOT +3 BUTTERFLY DOW FEB 46/45/43 Credit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +3. We bought 3 complete butterflies. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (DOW) Expiration Month: FEB. February monthly options. Strikes: 46 Puts, 45 Puts (SKIP OVER 44), 43 Puts Price: Received (Credit) of $44 (Yes bought for credit!)

59 Put Broken-Wing Butterfly Closing Closing = SOLD -2 BUTTERFLY XLU APR 40/39/37 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -2. We sold 2 complete butterflies. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (XLU) Expiration Month: APR. April monthly options. Strikes: 40 Puts, 39 Puts (SKIP OVER 38), 37 Puts Price: Received (Credit) of $76 (Yes sold for credit too!)

60 Call Broken-Wing Butterfly Opening Opening = BOT +1 BUTTERFLY CMG JUL 540/555/575 Credit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +1. We bought 1 complete butterfly. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (CMG) Expiration Month: JUL. July monthly options. Strikes: 540 Calls, 555 Calls (SKIP OVER 570), 575 Calls Price: Received (Credit) of $15 (Yes bought for credit!)

61 Call Broken-Wing Butterfly Opening Opening = BOT +1 BUTTERFLY AMZN JUL 340/345/355 Credit Type: Opening. New trade entry we are making. Side: BOT. This means we Bought-to-Open this strategy. #Contracts: +1. We bought 1 complete butterfly. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (AMZN) Expiration Month: JUL. July monthly options. Strikes: 340 Calls, 345 Calls (SKIP OVER 350), 355 Calls Price: Received (Credit) of $60 (Yes bought for credit!)

62 Call Broken-Wing Butterfly Closing Closing = SOLD -2 BUTTERFLY FXI APR 33/34/36 Credit Type: Closing. Exiting a current trade. Side: SOLD. This means we Sold-to-Close this strategy. #Contracts: -2. We sold 2 complete butterflies. Strategy: Broken-Wing Butterfly. Stock: Ticker Symbol (FXI) Expiration Month: APR. April monthly options. Strikes: 33 Calls, 34 Calls (SKIP OVER 35), 36 Calls Price: Received (Credit) of $82 (Yes sold for credit too!)

63 Tasdfasdf We help you make smarter more profitable trades We help educate and coach options traders on all levels: from people just starting out to advanced traders with multi-million dollar portfolios (and everyone in between). Since 2007 more than 2.3 million people have trusted OptionAlpha.com to bring them the most amazing training on options trading, making us a clear leader in this market. We believe that there is a huge lack of financial literacy and a gap that we aim to close by delivering the best possible content in multiple formats for you to consume: blog posts, video tutorials, webinars, podcasts, case studies, live events, etc. Our goal is to pull back the curtain and give you the best online courses and training possible in all the right areas so that you can learn to make decisions for yourself. Because at the end of the day, making smarter trades isn't just our tagline - it's our mission for you.

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