Options Trade of the Week

smbcapitalMike Bellafiore's (Bella's) BlogsLeave a Comment

  Trade: 8/10/2010 WHR $86.07 Buy 2 August 85/90 call spread limit price $ 1.65 target 3.00/ by August 17th stop 1.10/or a stock close below 83 Reasoning: WHR- looks like it found some support in the 85 level the past few weeks. A move above the 87.31 level should see the $90 level quickly (same day or with a … Read More

A ? 4 the Trading Community- Specialize or Well-Rounded

BellaGeneral Comments, Mike Bellafiore's (Bella's) Blogs8 Comments

Dr. Steenbarger helped SMB recognize one of the improvements we could make at our firm awhile ago. The partners and Senior Traders must be responsible for a great deal of teaching and mentoring. But if traders are not leveraging the talent of all firm members then that firm is not offering the best learning environment. Traders learn from other traders … Read More

One Good Trade Hits the Shelves

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In One Good Trade: Inside the Highly Competitive World of Proprietary Trading, author Mike Bellafiore shares the principles and techniques that have enabled him to navigate the most challenging of markets over the past twelve years