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SMB TRAINING OPTIONS TRAINING PROGRAM Presents:

SMB TRAINING OPTIONS TRAINING PROGRAM Presents:. Disclaimer.

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SMB TRAINING OPTIONS TRAINING PROGRAM Presents:

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  1. SMB TRAINING OPTIONS TRAINING PROGRAM Presents:

  2. Disclaimer • 1.       SMB TRAINING is NOT a Broker Dealer.  SMB TRAINING engages in trader education and training.  SMB TRAINING offers a number of products and services, both electronically (over the internet through Smbtraining.com) and in person.  Through Smbtraining.com, SMB TRAINING offers the “Virtual Trading Floor”, a community through which independent traders (subscribers), as well as T3 Trading Group, LLC traders, observe a virtual trading floor environment (as described below) for educational purposes.  SMB TRAINING also offers web-based, interactive training courses on demand. • 2.       The seminars given by SMB TRAINING are for educational purposes only. This information neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decisions you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs. • 3.       This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs. • 4.       SMB Training and SMB Capital Management, LLC are separate but affiliated companies. • 5.       T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange (CBSX www.CBOE.com). All trading conducted by contributors on Virtual Trading Floor is done through T3 Trading Group, LLC.6. Any information contained in this presentation is for educational purposes ONLY. Neither Locke In Your Success, LLC, John Locke nor it’s subsidiaries nor any of their respective officers, employees, representatives, agents or independent contractors are, in such capacities, licensed financial advisors, registered investment advisors or registered broker dealers. Neither do they provide investment nor financial advice nor make investment recommendations, nor are they in the business of transacting trades. Nothing in this communication constitutes a solicitation, recommendation, promotion, endorsement or offer (buy or sell) by Locke In Your Success, LLC, or others described above, of any particular security, transaction or investment. • 7. The risk of loss in trading securities, options, futures and forex can be substantial. Customers must consider all relevant risk factors, including their own personal financial situation, before trading. Options involve risk and are not suitable for all investors. See the Options Disclosure Document: Characteristics and Risks of Standardized Options. Trading foreign exchange on margin carries a high level of risk, as well as its own unique risk factors. Please read the following risk disclosure before considering the trading of this product: Forex Risk Disclosure. Futures and forex accounts are not protected by the Securities Investor Protection Corporation (SIPC). • 8. No relevant positions.

  3. Hypothetical Trades Disclaimer • Please note: Hypothetical computer simulated performance results are believed to be accurately presented. However, they are not guaranteed as to accuracy or completeness and are subject to change without any notice. Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Since, also, the trades have not actually been executed; the results may have been under or over compensated for the impact, if any, of certain market factors such as liquidity, slippage and commisions. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any portfolio will, or is likely to achieve profits or losses similar to those shown. All investments and trades carry risks.

  4. The ROCK Trading SystemPart 5 March 2010 Expiration Example • Brought to you bySMB Training A World Leader in Options Education Created and taught by John Locke Locke in Your Success, LLC. “Know what you want, make it happen!”

  5. John Locke • President of Locke In Your Success, LLC • Options Trader • Success Coach • Options Trading Mentor

  6. March 2010 ExpirationRisk Management and Profit Targets • Planned Capital - $50,000 • Profit Target - $10,000 • Max Loss - $10,000 • Profit Target may be adjusted up or down as trade progresses • Max Loss may be adjusted down but will not be increased

  7. February 17, 2010 – March ExpirationEntry Test

  8. Normal ROCK Entry

  9. Entry Position

  10. February 22 (5 days) – 25 DTERUT at 633, up 10 points

  11. Current Position

  12. Buy 3 - 650 Butterflies

  13. New Position

  14. March 1(7 days later) – 18 DTERUT at 640, up 7 points

  15. Current Position

  16. Buy 1 650 ButterflyBuy 3 670 Butterflies

  17. New Position

  18. March 2 (next day) – 17 DTERUT at 647, up 7 points

  19. Current Position

  20. Buy 4 – 670 Butterflies

  21. New Position

  22. March 4 (2 days later) – 15 DTERUT at 651, up 4 points

  23. Current Position

  24. Buy 3 – 670 Butterflies

  25. New PositionWe are now fully scaled in

  26. March 5 (next day) – 14 DTERUT at 658, up 7 points

  27. Current Position

  28. Now that the position is fully scaled in, we will now begin to scale back out of the 610 butterflies with the continued up move

  29. New Position

  30. ½ Hour Later…RUT 661, up another 3 points

  31. Current Position

  32. Continue to scale down by selling remaining 4 – 610 put butterflies

  33. New Position

  34. Same day!!RUT 664, up another 2 points

  35. Not exactly a neutral market

  36. Current Position

  37. With the continued up move, start to scale into a Bearish Butterfly posture

  38. New PositionWe need to loosen up our Delta limits up a little with a position this large and this tight, otherwise the market will likely chop us back forth

  39. March 9 (4 days later) – 10 DTERUT at 669, up 5 points

  40. Current Position

  41. For adjustments we will continue to scale into the Bearish Butterfly position

  42. New Position

  43. 2 hours later!!!RUT at 673, up 4 points

  44. Current Position

  45. The market just keeps going up and we pushed right through our Bearish Butterfly position

  46. The Bearish Butterfly approach has failed. The market is way over bought yet continues to climb. To deal with this we go back to a ROCK position and widen the trade by rolling out the upper butterflies which reduces both Delta and Gamma and gives up more upside range.

  47. Up, up and away and we are only 10 DTE

  48. New Position

  49. March 11(2 days later) – 8 DTERUT continues to rise

  50. Current Position

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