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

Shorted HPQ But Not For Size

BellaMike Bellafiore's (Bella's) Blogs1 Comment

I shorted HPQ on the Open at 43.70 but no for size. It is more than a point lower and I am reviewing whether I was a wuss, my intuition not to short with size was appropriate, or something else. At SMB we make trading decisions based upon three factors: Reading the Tape, Intraday Fundamentals, and Technical Analysis. HPQ had … Read More

3…2…1…Live

BellaMike Bellafiore's (Bella's) Blogs4 Comments

I know of no more encouraging fact than the unquestioned ability of a man to elevate his life by conscious endeavor. — Henry David Thoreau Our June class will go live on Tuesday. Home of an interesting cast of characters like: 100 Push Ups, Everyone’s Best Friend, Iron Mike Mike, Trend Line, the Air Canada boys featuring 1000 Questions, The Staten Island … Read More

Scenes from an Italian Restaurant

BellaMike Bellafiore's (Bella's) Blogs4 Comments

A bottle of red, a bottle of white, Whatever kind of mood you’re in tonight I’ll meet you anytime you want In our Italian Restaurant. Billy Joel A twenty something professional trader enters Zagat’s highest rated Italian restaurant in Soho for a free dinner with a founding partner of his firm. It’s Soho so all this was preceded by four … Read More