SMB’s Options Tribe 7 19 2011

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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. Last week, Steve Lentz of Optionvue returned to … Read More

SMB Morning Rundown for July 25, 2011

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Some weakness overnight with congress failure to come up with agreement to raise debt ceiling. strong backdrop still exists overall and the market is well above overnight lows. SPY levels to watch 133.15-133.25 support. 133.90-134 resistance. 134.80 resistance. 132.75 support. Best Am Idea: Long ETFC above 16.50 level

Patience Pays – $MCP

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A lot of the work in trading is just sitting and watching. Yesterday the market was absolutely dead into the close. The S&P futures sat tightly in a 3 handle range. At 3:45 EST, $MCP appeared towards the bottom of the Price Spike list of the SMB Radar. This was unusual because it hadn’t been on the list the entire … Read More

SMB Morning Rundown for July 21, 2011

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Yesterday earning season continued as stocks reacted in a mixed manner. Looking for market to hold the 133.00 key support level for a push higher for the follow-through from the action on yesterday and Tuesday. Our attention will be focused on PEP, LVS, STX, and RVBD. Our morning idea is RVBD as we’re looking for a continuation as it needs … Read More