After the close one day this week I encouraged our traders to CALL OUT awesome potential trading opportunities. Shark called out SXCI into one close and the firm and individual traders caught a very profitable trade. I got our Floor Manager into ILMN for an opening drive play at the start of the week. He sent me an email of … Read More
Chill!
Here are two comments made from two SMB traders in their daily review sent to me after the close. Both harm their results by trying too hard. Do you do this? I am slowly becoming less and less content with just making $$$$ (note: SMB cannot talk our PnL because of compliance reasons) and calling it a decent day. I … Read More
A Different Look at AAPL Credit Spreads
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. A week doesn’t go by when I’m not asked a question about selling a put spread (credit spread) on a particular stock, especially before earnings when the implied … Read More
The SPX fly makes it 5 for 5.
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. Over the past several weeks I’ve been selecting broken wing butterfly trades on AAPL and the SPX using weekly options and then tracking the hypothetical P/L of those … Read More
Learning Some More–Day 2 SXCI
I spent some time yesterday writing how exciting it was to see some traders on the desk add to their game a new trade. Instead of only looking for the quick profit taking a scalp short in a stock gapping higher they looked to capture the larger move to the upside. Here is what I wrote: We urge our desk … Read More
Learning
This morning it was announced that SXCI was buying CHSI in a cash and stock deal (story from Benzinga). Both stocks were gapping up significantly. It is unusual for the acquirer to gap higher in a merger that involves stock as a major component of the transaction. There is usually a huge amount of selling pressure from the “merger arb” … Read More
The Trading Elite: Discussions With Top Financial Traders
What do professional traders do day-in and day-out to beat the markets? What separates the amateur from the professional? Why is it that some traders make millions while others can’t even get their account into the green? Those are the questions I set out to answer when I decided to get in touch with several of the top financial traders … Read More
What a difference 83 minutes can make.
This post is another in a series that we will be publishing over the next month , tracking the hypothetical performance of broken wing butterfly trades selected by Greg Loehr of Optionsbuzz.com. If you were following along last week with the hypothetical AAPL 610-605-595 put broken wing butterfly, then you saw how that example returned a profit of 31% (calculated … Read More