I’d Rather Make Money Than Be Right

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Technical Plays12 Comments

Those who follow SMB closely know that our AM Meeting divides trading ideas into three sections.  Fresh, Second Day Plays, and Technical Plays.  On Friday during we discussed YUM that recently had been trending higher and was especially strong on Thursday.  With this particular scenario we highlight “prices of interest” where we would look to play YUM on the long … Read More

The Options Tribe – Free Webinar

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Wednesday, May 25, 2011 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 we’ll be demonstrating the “Heart Friendly”  butterfly trade. Title: The Options Tribe … Read More

SMB Radar Update for May 20, 2011

Joe PalauGeneral CommentsLeave a Comment

With plenty of fresh news in the market, here are today’s top 10 stocks on the In Play column on the SMB Radar. This is the most important function of the scanner. The Radar uses a number of proprietary algorithms on a prescreened universe of stocks and processes every tick in search of finding stocks that are In Play. These … Read More

Traders Ask: What Do I Do About An Obnoxious Bid Ask Spread on a Butterfly Trade?

Seth FreudbergGeneral Comments, Options Education, Seth Freudberg's Blogs, Traders Ask5 Comments

An Options Tribe Member  asks: Given that we’re about 55 days out from the  July monthly options expiration,  I was playing with a July 770-820-870 put butterfly on the RUT (when it was trading around 840).  Usually the bid/ask spread for ATM and OTM puts on the RUT is narrow enough, but the spread on the 870 put ($51.80 by … Read More