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
Win a Signed Copy of One Good Trade
Monday, June 20th, 2011 Today through the market close on Friday, visit SMB Capital’s Facebook page and “Like Us” to be entered into a drawing to win a signed copy of Mike Bellafiore’sOne Good Trade.
Trading Thought of the Day – June 20, 2011
You are trading well when you wish it were Monday on a Friday
Trading Thought of the Day – June 17, 2011
Trading would be a great business if our stops were never hit 🙂 – Corey Rosenbloom of afraidtotrade.com
Expiration Friday Pinning Trades in GOOG and AAPL
The great thing about options is that they can be played in so many different interesting and creative ways. A case in point: There is a cult of options traders who focus on the last two days of the monthly options expiration cycle. These traders focus, separately, on expiration Thursday trades and expiration Friday “pinning” trades. The premise for each … Read More
SMB Radar Update for June 17, 2011
The Strong/Weak Today column ranks stocks based on the price change relative to the stock’s opening price. These stocks tend to have strong/weak opening drives and continuation moves. The idea here is to find opportunity in the strongest/weakest stocks in the market. When looking through the column, we always take note at how In Play the stock is to gauge … Read More
Trading Thought of the Day – June 16, 2011
Risking the same amount of money on every trade is mistake. Know your best trades and allocate 30 percent of your intraday stop loss for them.
SMB Radar Update for June 14, 2011
These are today’s top 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 stocks have unusually high order flow that indicates heavy … Read More