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

Using Your Strengths To Improve Your Trading Results

sspencerGeneral Comments, Steven Spencer (Steve's) Blogs, Trader Development3 Comments

I had an interesting conversation after the close today with a newb trader who is attempting to become consistently profitable.  I asked this very intelligent and competitive young woman what were her strongest qualities as a trader. The first thing out of her mouth was she was not afraid to let her winners run.  She then added that she felt … Read More