SMBU’s Options Tribe Webinar: Robert Chastain of Monarch Capital Group: Practical Options Tactics

June 23rd, 2016 This week, Robert Chastain debuts on the Options Tribe to discuss practical options tactics that he has developed over his long career as an options trader. Read more [...]

A Trading System for Volatility

June 22nd, 2016 Andrew reviews a VXX strategy to see how it would have handled several high volatility events over the past several years. Read more [...]

Why did LVS trade through 44 if that was support?

June 21st, 2016 LVS hit our radar for a Spencer (my trading partner) 2nd Day play.  There was not much a news catalyst in LVS, but yesterday it traded a higher RVOL, finished near the bottom of its range, and traded significantly weaker than the market.  We walk onto our trading floor today wondering if there will be follow through or a bounce from support at 44. Where is support?  We look to our longer term technicals for this answer. On a Daily chart, we find 44 as a support level in LVS.  We think: could it drop on the open to there and bounce off of support?  We overlay a trading pattern from our PlayBook for such a trade.  We do Read more [...]

Underperformance and Your Beliefs

June 20th, 2016 We covered several interesting topics during our weekly Trading Conversations webinar last Friday. As usual, we covered a wide range of things such as using context, randomness, risk/reward, knowing your market with statistics, and more! Not a bad way to wrap up your trading week with some open trading conversation. One topic we covered in particular stood out to me, and I wanted to share it with you here today. The thought is that not all trading sessions provide equal opportunity. That may sound obvious to you at first, but do you really live by that belief? Do you know what types of environments you outperform in? Do you Read more [...]

How do I use previous support and resistance levels?

June 20th, 2016 Hi Bella, I have been learning a ton from One Good Trade, The Playbook, and all the online educational content you have. Thank you! When you are analyzing a stock “in Play” and looking at previous support/resistance levels, how much weight do you give them going forward with that days trading? After all, we would be trading this stock in play BECAUSE it is acting unusual, which might make those prior levels less meaningful on this day. How should I think about this when analyzing a stock in play? Thanks so much for being one of the TRUE educators in this space! Best, Ben @MikeBellafiore Whenever we make Read more [...]

FED Day Trading

June 17th, 2016 In this video, Steve discusses how short term traders trade index ETFs on a "FED Day." Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 19 years. His email address is: [email protected] Read more [...]

Great Options Traders Learn From Each Other

June 16th, 2016 In this video, Seth Freudberg talks about how options traders learn from each other. Communication is one of SMB's Fundamental Principles--the critical nature of traders sharing information with each other for mutual growth. One of our traders came up with a unique concept to salvage a trade this week and shared that. Another trader on our desk adopted that concept and successfully navigated a difficult options trading situation. *no relevant positions Read more [...]

AM Meeting Replay 06/15/2016

June 15th, 2016 Each morning, SMB co-founder, Steve Spencer shares key ideas that the desk is watching for the open. Here is an example of this morning's meeting. To attend this meeting each day, subscribe to one of the packages here   Important Disclosures Read more [...]