64 Hours of Premium On Demand Training
to Help You Master Your Market Neutral Options Trading

•This is 64 Hours of premium continuing education on the Bearish Butterfly, M3, Rock, and M21 

•This is how you get your “graduate degree” in the Locke strategies

•This series uses the best teaching format that has worked for thousands of years – the Mentoring Model

•The series was recorded over a 2 ½ year period to show you how the trades are managed in many different markets

•Suggested pre-requisites for the series are the Bearish Butterfly and the M3

•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.

The Master Class Series Includes ALL of This:

  • Exiting and Entering M3, Rock, and M21 - March 19th, 2015
  • March Rock trade late conversion and exit.
  • April M3 later entry.
  • April Rock trade entry.
  • M21 trade for April.

  • M3 and Rock Trade Reviews - 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 Conditions - 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 - September 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

  • Steps 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 John Locke Options Trading 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 Maximum Run in the Indices - June 5th, 2014
  • Calculating targets and maximum run in the indices
  • Considerations 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

  • Incorporating the M21 Strategy Into This Series - May 1st, 2014
  • How the M21 will be incorporated into the sessions
  • Current market conditions
  • Adapting 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 position into expiration

  • Update on Current Market - March 6th, 2014
  • Update on current 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, 2014
  • 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

  • Goal Setting, Market Conditions, and Trade Entry and Management - 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
  • Presentaion 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 of 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 Bearish 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 Butterfly 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 Fedor 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

  • Trading close to expiration / using experation guidelines earlier than normal - April 18th, 2013
  • April 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
  • Trading the M3 in low volatility grinding markets
  • Profits targets in the Bearish Butterfly in low volatility markets
  • Trade planning
  • Questions to ask yourself in trade planning
  • Planning around your answers

  • 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

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

  • Options Analysis Software Comparison - 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 dividend problem
  • Butterfly pricing abnormalities
  • 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 Completed 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 Options Trading/November M3 Recap - Nov 1st 2013
  • Becoming an expert
  • Profitability 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 entries with technical analysis
  • Hedging modifications
  • Bearish Butterfly exits

  • M3 Entries with Multiple Examples - 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 Environment - September 6th, 2012
  • Introduction, expectations and goals
  • M3 and Bearish Butterfly in a low volatility environment
  • Problem with Think or Swim Greeks