SMB’s Options Tribe-2011-07-26

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SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by outstanding veteran options traders and experts in the world of options trading. Yesterday, tribe member Dave Schram presented his approach … Read More

MCP – Radar Trade Part Deux

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Yesterday MCP flashed to the top of the Price Spike list again (first two arrows) on the SMB Radar. Knowing what happened last time this occurred, it was something that had to be pulled up immediately. Having been prepared since the last alert we see on Friday, support and resistance levels were already noted – we simply had to watch … Read More

SMB Morning Idea

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weak prmkt. below 132.75 not a good sign. main focus is on fresh stuff though so only watching mkt out of the corner of my eye. SPY support around 132-131.80. resistance 132.75 and 133.20ish Morning Idea: LVS long above 48.50