In yesterday’s Options Tribe meeting, tribe member Craig Wassenberg made an excellent presentation of his expiration Friday “pinning” trades. (For those of you who aren’t familiar with the term, a pinning trade is a trade that takes advantage of the tendency of certain stocks that become anchored to a particular options strike price on options expiration day.) It was an outstanding … Read More
SMB Morning Rundown – June 22, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
Trading Thought of the Day – June 22, 2011
Trading confidence is resiliency in the face of disappointment. – Dr. Andrew Menaker
Man v Machine—(Spencer v SMB Algo)
SMB has been working on building out a systems trading desk for about a year. At the heart of this effort is a series of algorithms that detect changes in momentum and trend. From these algos we have developed various strategies. One of the cool byproducts of this process will be the creation of some pretty awesome tools to enhance … Read More
Katz’s Korner: Do Traders Need More Testosterone?
I received this email from a new trader: You’re probably already aware of this correlation between testosterone and performance as it relates to trading. It’s interesting to consider though as direct empirical evidence for the notion that Division I athletes have a proclivity to be good traders, e.g., Adam Guren. It’s something I tried to keep in mind when I … Read More
Trading Thought of the day – June 21, 2011
Trading is looking into the mirror on steroids. – Dr. Andrew Menaker
SMB Morning Rundown – June 21, 2011
The SMB Morning Rundown highlights the key levels in the Market and the best trading setup that we have identified for the Open.
PNC – SMB Radar Trade
Without much going on with earnings plays lately, I have been using the Radar a lot more on the open than usual. Typically I wait until my ideas for the open have played out, then I’ll scan through the Radar around 10:45 – 11:00 am. Recently a lot of my ideas don’t really move on the open, so if I … Read More