1. TRADING COURSE – SESSION 8
© Copyright Options Trading IQ. All Rights reserved.

2. DISCLAIMER
Any information contained in this presentation is for educational purposes only. Neither IQ Financial Services, LLC or Gavin McMaster are licensed financial advisors, registered investment advisors, or registered broker dealers. Neither do they provide investment advice, financial advice or make investment recommendations and they are not in the business of transacting trades. Nothing in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer to buy or sell by IQ Financial Services, LLC or Gavin McMaster of any particular security, transaction or investment.
Any trades and / or results covered in this presentation may or may not be live trades.
All trades and trading results are believed to be accurately presented. However, since the trades may not have been executed in the market, the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commissions. Therefore there can be no guarantee of accuracy or completeness.
No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown.
The risk of loss in trading securities and options in particular can be substantial. Customers must consider all relevant risk factors, including their own personal financial circumstances, before making any financial transaction. Options involve risk and are not suitable for all investors. See the Options Disclosure Document: Characteristics and Risks of Standardized Options, available from
© Copyright Options Trading IQ. All Rights reserved.

3. OUTLINE Position Update Trade Review Final Thoughts 3
© Copyright Options Trading IQ. All Rights reserved. 3

4. RUT Bearish Butterfly Really nice trade
P&L anywhere from $650 to $1200
Didn’t need to scale in
Low stress 4
© Copyright Options Trading IQ. All Rights reserved. 4

5. 5

6. 6

7. 7

8. July 19th - RUT Closes at 1200 8
© Copyright Options Trading IQ. All Rights reserved. 8

9. August 2nd - RUT Closes at 12029

10. August 4th - RUT Closes at 1213
© Copyright Options Trading IQ. All Rights reserved. 10

11. August 4th - RUT Closes at 121311

12. 12

13. RUT Bearish Butterfly – When to Use?
When the markets have had an extended run up
When indicators are overbought
When you expect the market to head a little higher (2-3%) then pull back 13
© Copyright Options Trading IQ. All Rights reserved. 13

14. RUT Diagonal Call Spread
Another nice trade
Worked exactly as we hoped
$200 profit. +2% capital at risk 14
© Copyright Options Trading IQ. All Rights reserved. 14

15. RUT Diagonal Call Spread15

16. RUT Diagonal Call Spread16

17. RUT Diagonal Call Spread17
© Copyright Options Trading IQ. All Rights reserved. 17

18. 18

19. RUT Diagonal Call Spread19
© Copyright Options Trading IQ. All Rights reserved. 19

20. RUT Diagonal Call Spread20

21. RUT Diagonal Call Spread21
© Copyright Options Trading IQ. All Rights reserved. 21

22. Weekly Diagonals – When To Use?
After a Big Move Up, Where You Expect Maybe Another 1-2% Rise
When Overbought Conditions Are Reached on a Daily and 30min Timeframe
Try to Enter For a Credit or Small Debit 22
© Copyright Options Trading IQ. All Rights reserved. 22

23. SPX Weekly Double Butterfly
Trade didn’t work
Wasn’t a good entry point
Full loss of $390 23
© Copyright Options Trading IQ. All Rights reserved. 23

24. SPX Weekly Double Butterfly24
© Copyright Options Trading IQ. All Rights reserved. 24

25. SPX Weekly Double Butterfly
© Copyright Options Trading IQ. All Rights reserved. 25

26. 26

27. Double Butterfly – When To Use?
When You Expect a Big Move
After a Period of Consolidation
Every Week? 27
© Copyright Options Trading IQ. All Rights reserved. 27

28. RUT Iron Trapdoor Trade has worked well so far Profit around $620
Looking perfectly fine. Can leave it open 28
© Copyright Options Trading IQ. All Rights reserved. 28

29. RUT Iron Trapdoor 29

30. © Copyright 2016. Options Trading IQ. All Rights reserved.30

31. RUT Iron Trapdoor 31
© Copyright Options Trading IQ. All Rights reserved. 31

32. August 2nd RUT Closes at 1202 32

33. August 4th RUT Closes at 1213 33

34. RUT Trapdoor – When To Use?
Standard Monthly Trade
Try to Enter When Implied Volatility Is High
Enter With Around 3-4 Weeks to Expiry
Don’t enter when extreme overbought or oversold 34
© Copyright Options Trading IQ. All Rights reserved. 34

35. RUT Monthly Condor Current profit of $710 Surprising trade?
Didn’t seem like a good entry
Flat markets have really helped this trade 35
© Copyright Options Trading IQ. All Rights reserved. 35

36. RUT Monthly Condor 36
© Copyright Options Trading IQ. All Rights reserved. 36

37. 37

38. August 2nd - RUT Closes at 120238
© Copyright Options Trading IQ. All Rights reserved. 38

39. August 2nd - RUT Closes at 120239

40. August 4th RUT Closes at 1213 40
© Copyright Options Trading IQ. All Rights reserved. 40

41. Iron Condor – When to Use?
When Implied Volatility Is High
When You Expect Sideways Movement
Standard Monthly Trade?
Remember the Adjustment Guidelines
Don’t enter when extreme overbought or oversold 41
© Copyright Options Trading IQ. All Rights reserved. 41

42. RUT 80 Day Condor Slower moving trade Nice profit so far +$900
No adjustments needed yet
Less change in Delta 42
© Copyright Options Trading IQ. All Rights reserved. 42

43. RUT 80 Day Condor 43
© Copyright Options Trading IQ. All Rights reserved. 43

44. RUT 80 Day Condor 44

45. August 2nd RUT Closes at 1202
© Copyright Options Trading IQ. All Rights reserved. 45

46. August 2nd RUT Closes at 1202
© Copyright Options Trading IQ. All Rights reserved. 46

47. August 4th RUT Closes at 1213
© Copyright Options Trading IQ. All Rights reserved. 47

48. August 4th RUT Closes at 1213 48

49. AMZN Diagonal Call Spread49

50. AMZN Diagonal Call Spread50

51. AMZN Diagonal Call Spread51

52. August 4th AMZN +0.88% 52

53. FINAL THOUGHTS Keep An Eye On Risk Watch Correlations Trade Small
Keep Learning, Keep Logging Trades 53
© Copyright Options Trading IQ. All Rights reserved. 53

54. THANK YOU! www.optionstradingiq.com
© Copyright Options Trading IQ. All Rights reserved.