Tim: Hello everybody and welcome back to TraderInterviews.com. Thanks very much for joining me for another episode.
Today, my guest is John -- John Locke, and we're going to talk to him about his strategies, his overall approach to the market, how he finds good opportunities. The guys over at SMB Trading referred me to him so I know he's going to be a good interviewee. I don?t mean to put pressure on there, but I'm sure it's going to be great. As always, the idea of all of these interviews just to give you something to think about, some ways maybe to approach the markets or look at the markets that you haven?t considered in the past by listening to another trader talk about what he does. So first of all, John, thanks very much for joining me on the phone today.

John: Hey, thanks for having me. I appreciate it and hi, everybody.

Tim: All right. Great. So let's talk about the type of trader you are. I always jump into that first. Are you a day trader, a swing trader, and then what markets do you trade?

John: Okay. Well, technically, what I do is I'm a market neutral options trader, and I trade anywhere from one to two months at a time, and I trade in every kind of up or down market. It doesn?t really matter, and as far as the underlying I like to use, I like to use the Russell 2000, and I like to trade butterflies in the Russell 2000.

Tim: All right. Great. Well, let's talk about that market neutral options strategies. I think that's appealing to a lot of people especially these days and especially when volatility is high because I think most traders feel like they have to set themselves on a direction in the market, and options allows you to profit either way but not have to be perfectly right. You can kind of be sort of right and still make money. Is that a good way to...

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