Today, SMB Co-Founder and noted author Mike Bellafiore returns to the Options Tribe to share his observations about the habits that sustainably great traders develop as they progress in their trading careers on a proprietary trading desk.
Decoding the Secrets: What Do Options Traders Know That Others Don’t?
Options traders like you have been telling us for years what they want to achieve in their trading. Strangely enough, they don’t ask us to show them trades that make bigger profits. Nor do they ask for risk-free trades. The word we hear most from options traders is consistency. Who wouldn’t want to be more consistent, right? However, we believe … Read More
SMBU’s Options Tribe Webinar: Seth Freudberg to present a weird version of the Weirdor
Today, Seth Freudberg will be presenting a modified version of the iron condor trade known as “the weirdor”. This will be the first time that this particular version of the Weirdor has been presented on the Options Tribe
A Safer Way to Be Long at the “Top”
When I start getting signals to be long at the upper end of the range, it can be a psychological challenge. Traders don’t want to be “late”. It may seem like the move already happened and the risk/reward is not favorable to have a long bias. Here’s the reality. Market neutral, positive Theta options traders don’t have to make that distinction. … Read More
Broken Wing Butterfly Trade Example on LNKD
For decades, expert options traders have been relying on a variation of the ever popular butterfly trade to enhance their monthly income and allow them to safely include a directional bias to their trading. The Broken Wing Butterfly (BWB) is a more advanced trade, not because it is difficult to understand – but because there are more nuances that require … Read More
Unleashing the Long-Term Key to Thriving as an Options Income Trader
Having run our options trading desk at SMB for over two years now and having traded options income strategies as a retail options trader for close to ten years I can tell you this… The data is in and the record is clear: Income traders who control the size of their losing trades are the long term winners. That’s … Read More
Handling Short Term Noise
The S&P 500 is knocking at the door of the highest close in over a month. The path to this point was not straight. 7 of the past 12 sessions saw the index down significantly at some point during the day or pre-market. Do you get trapped into this noise and make adjustments based on the current tape rather than … Read More
John Locke’s Super Simple Spreads Course to be Available Later this Month
We’re excited to announce our upcoming options trading course that teaches: FOUR systematic strategies that options traders can use to trade high probability spreads that actually have a high probability of success… WITHOUT taking excessive risk. John Locke is one of SMB’s top options traders — and our firm backs several traders that use John’s strategies. We put our money where … Read More