Tuesday November 20, 2012 at 5:00 PM Eastern Standard 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 veteran options traders and experts in the world of options … Read More
Spencer Trade Review–$GILD $DHI
Steve Spencer reviews trading opportunities in GILD and DHI from November 12th 2012. Steven Spencer is the co-founder of SMB Capital and SMB University and has traded professionally for 16 years. His email is [email protected]. No relevant positions
Why Choose Just One Pair?
A very frequent question I get from traders starting out is, “Which pairs are the best ones to trade?”. Another subtle example of the conditioning people have accepted from equities trading. Modern Portfolio Theory along with just about every personal finance book and blog has pushed the idea of “diversification”. This means don’t bet on just one instrument, spread your … Read More
Broken wing butterfly nearly maxes out
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Every now and then in trading, you hit a home run. You may not expect it and you certainly can’t count on it. But it definitely won’t happen unless you give yourself … Read More
Coming in to the final hour for the SPX ‘fly
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. There’s only a little more than an hour left in the trading day and the expiration of the SPX weekly options, but there’s still plenty of action left in the hypothetical broken … Read More
Losing Trades Are Good For Your Trading Plan?
One of the most overlooked opportunities in the speculative world of trading is the valuable information hidden within trading losses. Less experienced traders usually have a hate/hate relationship with losing trades and don’t want to spend much time thinking about them. We are conditioned to be winners! Losing trades are part of doing business, a necessary expense or as many … Read More
ESRX Crescendo
Sorry for the delay on this post. A few had asked about the message I shared on StockTwits Tuesday morning regarding ESRX putting in a bottom. Tuesday morning ESRX was on the top of our list of In Play stocks. Was gapping down and set up for a nice short right on the Open. Our “best case” scenario for downside … Read More
Post-Election Effects: Unraveling the Broken Wing Butterfly Strategy
This post is another in a series that we will be publishing which track the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. For those that are watching this hypothetical SPX broken wing butterfly, you saw that even yesterday’s big sell off wasn’t enough to bring the trade even close to a loss exit. The … Read More