The Iron Condor is a popular options trade … and often one of the first trades that options spread traders learn about. Options traders are excited to learn that they can make money when the market goes up, make money when the market goes sideways…. and even make money when the market goes down! As long as the market doesn’t … Read More
Members Only Options Webinar: Alex Porcaro: Trading Iron Condors on Equities
Your Option for a better trading life…together (SMBU Options Tribe) SMBU’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each Tuesday, SMBU hosts an options webinar—the Options Tribe—during which veteran options traders and experts in the world of options trading share live presentations. This week, options … Read More
Avoiding Pitfalls: Safeguard Your Options Trading Journey
In a speech delivered to the American Enterprise Institute in late 1996—in the middle of the formation of the dotcom bubble of the 1990s—then Federal Reserve Board Chairman Alan Greenspan coined the term “irrational exuberance” to describe an illogical optimism about the economy that was pumping up stock prices well beyond any reasonable level. History shows that he was correct, … Read More
“Going to School” on Experienced Options Traders
This blog entry is the introduction to a series of posts about common mistakes made by options traders and how to avoid them.