This coming Tuesday — April 8th — I’m going to speak to members of the SMB Options Tribe about the importance of having a pre-determined reason to reduce or remove risk from positive theta positions. In the heat of the moment, its hard to concentrate and make objective decisions. Having 50 years of market statistics behind your decision process makes … Read More
Free Options Webinar: Craig Hilsenrath of Optionworkbench.com: Improving Options Portfolio Returns Using Probabilities and Statistics
Tuesday January 7, 2014 at 5pm ET Each Tuesday, SMB hosts an Options Tribe meeting where veteran traders and experts in the world of options trading share live presentations. This meeting is free to the public on the first Tuesday of each month. All other meetings require an annual membership to OptionsTribe.com. To register or join, please use the invitation … Read More
The March Bearish Butterfly Trade
This post is the first in a series that we will be publishing over the next several weeks, tracking the hypothetical performance of the bearish butterfly trade as it would have been handled according to our guidelines contained in SMB’s Bearish Butterfly Video Series. On Friday, we initiated the March bearish butterfly trade in the $RUT. If this was an … Read More
SMB’s Options Tribe: Free Webinar Today at 5pm: Butterflies With Weekly Options
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. This week, Mike Adam, who works with Charlie … Read More
Free Options Webinar: SMB’s Options Tribe: Today at 5pm EDT: Short Term Calendar Spreads
Today at 5:00 pm Eastern Daylight Time 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. This … Read More
How Great Ideas Can Emerge From Trading Communities
I was on the phone over the last couple of days with two of our active Options Tribe members–Nagaraj Ramakrishna, who has developed an outstanding butterfly trade in the $RUT index and Charlie Ferguson–a remarkable weekly credit spread trader. They are each active members of our Options Tribe community, having both presented their trades recently on tribe meetings over the … Read More
Free Options Webinar Today at 5PM EDT. The Options Tribe: Iron Condors using SPX Index Options
September 6, 2011 at 5:00 pm Eastern Daylight Time 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 … Read More
Expiration Friday: Unveiling the Dramatic Conclusion of Pinning Trades in GOOG and AAPL
On Friday we followed Options Tribe member Craig Wasserman’s thought processes and analysis as expiration Friday proceeded. Craig had been watching AAPL and had become convinced that it was going to pin to 320. He reached this conclusion around 12:30 PM EDT. Craig entered an AAPL 320 iron butterfly trade shortly after making his call on the pinning strike of … Read More