Advantages of Trading Weekly Short Butterflies

Over the past several years, options trading has evolved along two basic directions. The first involves structuring trades that are designed to profit from a particular view of the market. In most cases these positions serve as a proxy for stock ownership: they allow an investor to be long or short in a specific time frame with a certain amount … Read More

Recording: Greg Loehr: Trading Broken Wing Butterflies When the $VIX is in the Basement

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 trading. In this presentation, Greg Loehr of Optionsbuzz.com discussed the … Read More

Broken Wing Butterflies Are Back

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. After taking a break from blogging, I’m now back to continue contributing to the understanding of what I believe is among the best strategies that a trader can have in his (or … Read More

AAPL Skew is Reverting

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. Last week I asked if Apple can really keep going up forever, and at least for another week it did.  And the hypothetical put broken wing butterfly I … Read More

Free Options Webinar: SMB’s Options Tribe: Tuesday, September 27, 2011 at 5pm EDT: Butterflies and Long Stock Positions

Tuesday  September 27, 2011 at 5:00 pm Eastern Daylight 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 outstanding veteran options traders and experts in the world of … Read More

Options Trade Initiation: Why Patience Pays Off

When   developing   traders  enter into  income options strategies,  there is   a   tendency to  become  impatient  when   executing the opening trade.   The    trader   will   typically  put  an  order  in at  or around the mid-price but  often finds that the market  is  not  biting on that   price immediately.   This can create anxiety and a feeling of impatience in the trader,   arising   from the belief that,   since  almost … Read More