John Locke Master Class Series

jlmaster

64 Hours of Premium Master Class Training

 - Master your market neutral options trading game with 64 hours of on-demand training sessions that were recorded over the course of 2 ½ years.

- Take your knowledge of John Locke’s trades to a new level by seeing how the trades were implemented month after month through a variety of market conditions.

- Hear John's answers to questions from options traders like you.

- Learn additional lessons about execution, psychology, and trade planning that you can apply to your trading.

Bonus: Your purchase of the John Locke Master Class Series gives you 30 days to purchase any of the remaining John Locke strategy series for 10% off.


  • Options John Locke Group Mentoring March 19th, 2015
  • March Rock trade late conversion and exit.
  • April M3 later entry.
  • April Rock trade entry.
  • M21 trade for April.

  • Options John L. Group Mentoring March 5th, 2015.
  • Review of student March M3.
  • March Rock trade Update

  • The End Game in the M3 - February 19th, 2015
  • The end game in the M3
  • February M3 examples
  • Taking an unorthodox M3 position into expiration

  • Replay of March M3 to date - February 5th, 2015
  • Replay of March M3 to date
  • Review of January Bearish Butterfly
  • Conversion of Bearish Butterfly to M3 or Rock trade configurations
  • When to roll up an M3 with February example

  • Tuning to the Market - January 22nd, 2015
  • Tuning to the market
  • Review of January Rock trade

  • Current Market Condition - January 8th, 2015
  • Current market conditions
  • Review of January trade results
  • M3 Gama trend
  • January M3 with advanced techniques

  • M3 Hedging Choices - December 18th, 2014
  • M3 Hedging Choices
  • Over trading
  • January M3 example

  • Trade Execution - December 4th, 2014
  • Trade execution
  • How to price options and spreads
  • How market conditions affect execution

  • Planning for the January M21 - November 20th, 2014
  • Planning for the January M21 trade

  • Deltas in TOS vs. OptionVue - November 6th, 2014
  • Deltas in TOS vs OptionsVue
  • November M3 review
  • Executing adjustments
  • November Bearish Butterfly update with variations

  • Contingent Orders - October 30th, 2014
  • Contingent orders
  • Catastrophe protection
  • Controlling Vega in grinding up markets
  • November M3 examples

  • Exiting Complex Positions - October 16th, 2014
  • Exiting complex positions
  • Behavior or Vega in Calendars, Double Diagonals and Butteflies
  • Settings in OptionsVue
  • November M3 in the SPX
  • Using SPY or IWM in small index options positions
  • Best conditions for components of the M21 System
  • Presentation File - October 16th, 2014

  • Stages of Mastery in Options Income Trading - October 2nd, 2014
  • Stages of mastery in options income trading
  • Moving beyond the basic M3
  • October advanced M3 example
  • Options John L Group Mentoring October 2nd, 2014

  • Advanced Capital Control - September 18th 2014
  • Advanced capital control in the M3
  • Presentation File - September 18th

  • Trading Psychology - Spetember 4th, 2014
  • Trading Psychology
  • How the mind works
  • Achieving success in trading
  • Review of current markets
  • Presentation File - September 4th, 2014

  • How to Adapt M3 and Bearish Butterfly to other instruments with SPX - August 21st, 2014
  • How to adapt the M3 and Bearish Butterfly to other instruments with SPX examples
  • Presentation file - August 21st, 2014

  • Step in Trade Planning - August 7th, 2014
  • Steps in trade planning
  • Using a summary document
  • Creating and ranking market scenarios
  • What-if tactics for the plan
  • Presentation file

  • Small Positions in the M3 and Rock Trades - July 24th, 2014
  • Small positions in the M3 and Rock trades

  • Watching and Applying the Components of the M21 Program - July 10th, 2014
  • Watching and applying the components of the M21 program
  • Creating an M21 trade plan for August
  • A shorter term M21 plan for July
  • Presentation File

  • The Correct Order to Buy and Implement the Programs - June 19th, 2014
  • The correct order to buy and implement the programs
  • Comparison of option analysis software
  • how to setup OptionVue
  • Review of current market and the plan for the August Bearish Butterfly
  • Entering the Rock trade in high volatility conditions
  • Adjusting the M3 to control the T+0 line
  • Range for the Bearish Butterfly and Rock trade based on entry price and Delta

  • Calculating Targets and Maximun Run in the Indices - June 5th, 2014
  • Calculating targets and maximun run in the indices
  • Coniderations for planning an M21 trade here
  • Entry test for the Rock trade
  • June Rock trade example
  • Adapting the Bearish Butterfly to a big move up

  • Entry Considerations for the M3 and Bearish Butterfly - May 15th, 2014
  • Entry considerations for the M3 and Bearish Butterfly
  • Analyzing expected market range
  • Taking the Bearish Butterfly into experation
  • May Bearish Butterfly example when 1/3 scaled in

  • How the M21 will be Incorporated into the Sessions - May 1st, 2014
  • How the M21 will be incroporated into the sessions
  • Current market conditions
  • Adaptin the June Bearish Butterfly to a strong upside market
  • Entry for the June M3
  • Managing the M3
  • October M3 example

  • Discussion of Current Markets - April 17th 2014
  • Discussion of current markets
  • Adapting the Bearish Butterfly to very choppy markets
  • Protecting profits late in the Bearish Butterfly when 1/3 entered
  • March Bearish Butterfly variations example
  • Comments on V-Condor in current market conditions

  • Note on Current RUT Volatility - April 3rd, 2014
  • Note on current RUT volatility
  • M3 adjustments variations in strong bull markets
  • Review of current market conditions

  • Managing an M3 Type Position into Expiration - March 20th, 2014
  • Managing an M3 type postiion into expiration

  • Update on Current Market - March 6th, 2014
  • Update on curernt market
  • Review of the Feb M3
  • Review of modified April Bearish Butterfly

  • Review of Current Market Situation - Feb 27th, 2014
  • Review of current market situation
  • Alternative strategy for the March Bearish Butterfly
  • Update on the April Bearish Butterfly

  • The M21 System - Feb 6th, 2104
  • The M21 System
  • Current market conditions
  • Getting the best trade execution
  • February M3 adjustments in a large move down

  • The CAT Position as a stand-alone Trade - Jan 16h, 2014
  • The CAT Position as a stand-alone trade
  • Update on current market conditions

  • Review of Group Results - January 2nd, 2014
  • Review of group results
  • Setting goals
  • Review of February Bearish Butterfly and M3 entry and management
  • Discussion of January Rock trade variations
  • Review of market conditions

  • Presentation by Mike Schwartz on Using Weekly Options to Hedge Delta risk in the Bearish Butterfly - Dec 19, 2013
  • Presenation by Mike Schwartz
  • Update on the December Rock trade and the January Bearish Butterfly

  • Review of the Long Term RUT Chart - December 5th, 2013
  • Review fo the long term RT chart
  • Trading the M3 in a low volatility strong bull market

  • Presentation by David Thomas on the June and November Rock Trades - Nov 21st, 2013
  • Presentation by David Thomas on the June and November Rock trades
  • Discussion on the January Bearish Butterfly entry

  • Comparison of the M3 with and without Calls - Nov 7th, 2013
  • Comparison of the M3 with and without calls
  • Cat position
  • Current market conditions
  • December Bearish Butterfly downside plan

  • December Bearish Butterfly Entry and Trade Plan - Oct 24th, 2013
  • December Bearish Butterfly entry and trade plan
  • Short term market internals
  • Option pricing and trade execution
  • Pricing of equivalent option positions
  • Timing adjustments to market conditions
  • Update on November M3

  • Current Market Conditions - The M3 in the SPX - October 10th, 2013
  • Current market conditions
  • The M3 in the SPX
  • June SPX M3 example

  • Current Market Conditions -  The October Bearish Butterfly Update - Sep 19th 2013
  • Current market conditions
  • October Bearish Butterfly update
  • October M3 update with adjustment variations
  • October planned trade review
  • november bearish butterfly entry

  • Questions on Rolling Back the M3 - Sep 5th, 2013
  • Question on rolling back the M3
  • Current market conditions
  • September Planned trade update
  • Cat position and M3 in the Rock trade
  • September Rock trade example
  • October Bearish Butterfly update
  • October Rock trade considerations

  • August Trade Results - August 15th, 2013
  • August trade results
  • Current market conditions
  • September Bearish Butterfly update with downside adjustments variations

  • August and September Planned Trade Update - M3 Tactics - Aug 1st, 2013
  • Current market conditions
  • August Planned trade update
  • September planned trade update
  • M3 tactics: entry and adjustments
  • July M3 example

  • July Trade Results - Aug Planned Trade Update - July 22nd, 2013
  • Current market conditions
  • July trade results
  • August Planned trade update
  • August Rock trade entry
  • September Bearish Butterfly entry considerations
  • Limited Delta Bearish Butterfly variations
  • August trade example

  • July Bearish Butterfly Variation with Conversion to Rock Trade and Back - July 11 2013
  • Current market conditions
  • July Bearish Butterfly variation with conversion to Rock trade and back
  • Psychological issues with July Bearish Butterfly
  • August Bearsih Butterfly with market considerations

  • Transitioning the Bearish Butterfly to a Rock Trade - July 27th, 2013
  • June trade results
  • July M3 and Bearish Butterfly to an M3
  • Transitioning the Bearish Buttefly to a Rock trade
  • July Rock trade update
  • August Bearish Butterfly entry
  • July planned trade
  • August planned trade

  • Technical Analysis Primer/Trade Planning Based on Market Conditions - June 6th, 2013
  • Technical analysis primer
  • Trade planning based on market conditions
  • July bearish butterfly example

  • Presentation by Andrej Fredor on the April M3 - May 30th, 2013
  • Presentation by Andrej Fedor on the April M3
  • Plan for future meetings
  • May trade results
  • June trades update

  • Purpose of M3 and Rock Trades - May 16th, 2013
  • Making money in the markets
  • Purpose of M3 and Rock trades
  • May Rock trade example

  • Static and Dynamic Trade Planning - May 2nd 2013
  • Static and dynamic trade planning
  • May bearish butterfly example

  • Trade close to expiration / using guidelines early - april 18th, 2013
  • Apri trade results
  • Trading close to expiration
  • April Bearish Butterfly example
  • Using expiration guidelines early
  • conversion to M3 or Rock trade
  • June M3 entry

  • Considerations in using IWM Options - April 3rd, 2013
  • Considerations in using IWM options
  • The M3 by concept
  • April M3 example
  • April Rock trade example
  • May Bearish Butterfly discussion

  • Adapting the M3 and Bearish Butterfly to Market Considerations - March 19th, 2013
  • Adapting the M3 and Bearish Butterfly to market conditions
  • February M3 example

  • Trading the M3 in Low Volatility Grinding Markets - March 7th, 2013
  • How the M3, Rock and Bearish Butterfly programs fit together
  • Tradin the M3 in low volatility griding markets
  • Profits targets in the Bearish Butterfly in low volatility markets
  • Trade planning
  • Questions to ask yourself in trade planning
  • Planning around your anwers

  • Presentation by Lynne O'Hara on the M3 in the SPX - Feb 21st, 2013
  • Feb results
  • March M3 and Bearish Butterfly Updates
  • Presentation by Lynne O'Hara on the M3 in the SPX

  • Incrementally Adjusting Small Positions - Feb 7th, 2013
  • Review of current markets conditions
  • Discussion of the M3 trade
  • Feb M3 review
  • Feb Bearish butterfly update
  • Feb Rock Trade and V Condor update
  • Incrementally adjusting small positions

  • Feb Bearish Butterfly Discussion - Jan 17th, 2013
  • Review of Feb positions
  • Jan trades recap
  • Feb Bearish Butterfly discussion

  • Option analysis Software Comparision - Jan 3rd, 2013
  • Discussion on recent extreme market move
  • January Bearish Butterfly review
  • Jan M3 update
  • Option analysis software comparison
  • bearish butterfly entry timing
  • Dealing with runaway upside markets
  • January M3 example
  • When to close and move on.

  • Butterfly Pricing Abnormalities - Dec 20th, 2012
  • IWM devided problem
  • Butterfly pricing abnoramlities
  • deviating from your plan
  • Review of current market's technical situation
  • Adapting the Bearish Butterfly to high risk conditions
  • December Bearish Butterfly examples
  • Jan Bearish Butterfly review

  • December Bearish Butterfly Review - December 6th, 2012
  • Website trade performance review and expectations for next year
  • December Bearish Butterfly review

  • Exiting a Comple M3 Position - November 15th, 2012
  • Trade execution
  • How butterflies respond to price movement
  • timing your trades
  • Exiting a complex M3 position
  • November M3 example
  • December Bearish Butterfly management

  • Long Term Success in Option Trading/November M3 Recap - Nov 1st 2013
  • Becoming an expert
  • Profibility of retail traders
  • Long term success in option trading
  • November M3 recap

  • Bearish Butterfly Delta/Theta Rolls - October 18th, 2012
  • How to ask John mentoring questions
  • Trade modifications
  • Bearish Butterfly Delta/Theta rolls
  • November Bearish Butterfly example
  • Timing entires with technical analysis
  • Hedging modifications
  • Bearish Butterfly exits

  • M3 Entries with Multiple Example - Oct 4th, 2012
  • M3 entries with multiple examples

  • Low Volatility Considerations/October Bearish Butterfly Example - September 20th, 2012
  • The learning process
  • Low volatility considerations
  • October Bearish Butterfly example

  • M3 and Bearish Butterfly in a Low Volatility Enviornment - September 6th, 2012
  • Introduction, expectations and goals
  • M3 and Bearish Butterfly in a low volatility enivornment
  • Problem with Think or Swim Greeks