Yesterday was a really interesting day. Since we launched the options training program, I’ve been driving up to SMB from my home in Philadelphia almost every Wednesday. I certainly have valid business reasons to be up there each week but honestly, my main motivation, is that I just love the environment. I really enjoy hanging out with other traders and … Read More
Free Options Webinar: SMB’s Options Tribe: Tuesday, September 20, 2011 at 5pm EDT: Earnings Plays Using Calendar Spreads
Tuesday September 20, 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
Free Options Webinar Today at 5PM EDT. The Options Tribe: Iron Condors using SPX Index Options
September 6, 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 options … Read More
Options Tribe 2011-07-12: High Probability Income Positions
Options Tribe – July 12, 2011 Tuesday July 12, 2011 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 … Read More
Expiration Friday Pinning Trades in GOOG and AAPL
The great thing about options is that they can be played in so many different interesting and creative ways. A case in point: There is a cult of options traders who focus on the last two days of the monthly options expiration cycle. These traders focus, separately, on expiration Thursday trades and expiration Friday “pinning” trades. The premise for each … Read More
Finding Yourself as a Trader
One of our options trainees recently asked me if I thought it was wise for him to model his trading style after my own personal trading approach. It was a legitimate and intelligent question and it deserved a thoughtful reply. I recently tweeted a great article by Charles Kirk, which is exactly on point to this question. In the article … Read More
Introducing the SMB Options Training Program and the SMB Options Tribe (Video)
Introducing the SMB Options Training Program and the SMB Options Tribe Our webinar will introduce SMB’s brand new Options Training Program-a 12 month program designed for novice and intermediate level options traders who are seeking an intensive training process to learn how to trade options spreads for monthly income. Then we will launch SMB’s Options Tribe– an online community of … Read More
“Milking” an Options Trade
Every properly designed income options strategy should have both a target profit and a maximum loss. Both are extremely important in order to maintain a realistic annual return target for a particular strategy. The skilled income trader is both disciplined at exiting when a trade has hit the maximum loss threshold and skilled at what we alluded to in my last … Read More