Hey Mr. Bellafiore, I hope all is well with you since we last spoke in the middle of the summer. I have two quick questions for you, that I hope you can answer when you have a spare moment. These questions are both based on your personal trading style. 1.) Is there ever a point in the day where you … Read More
AUDUSD Bearish But Where To Short?
Recently AUDUSD has presented a bearish condition, but shorting lows is risky. — Marc, Principato Risk Disclaimer *No Relevant Positions
Recording: Noted Author Jeff Augen Introduces the Weekly Short Butterfly Trade
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 veteran options traders and experts in the world of options trading. On August 20 renowned options educator Jeffrey Augen introduced … Read More
Advantages of Trading Weekly Short Butterflies
Over the past several years, options trading has evolved along two basic directions. The first involves structuring trades that are designed to profit from a particular view of the market. In most cases these positions serve as a proxy for stock ownership: they allow an investor to be long or short in a specific time frame with a certain amount … Read More
Why I was leaning short (RVBD)
RVBD opened and held the 32 bid after gapping down miserably on the open. It popped almost two points from 32 and then was dominated by an aggressive seller(s). As RVBD made a pass at the 32 level from where it popped on the Open I got long again. This is one of our favorite technical set ups. But when … Read More
How We Found an Important Level (LVS)
We have identified 47.50 as an important level in LVS. Yesterday it leaked below this level and had a serious intraday downmove. Chop! SuperChop? Today 47.50 was again an important level. How did we find this level? On December 2 there was this news from briefing.com: Las Vegas Sands in 8-K filing discloses that Sands China’s application for a land … Read More
A Turning Point?
There is no doubt with earnings season over there will be very little in the way of news flow for the bulls to hang their hats on for quite some time. With seemingly negative news out of Europe every day and instability in the Middle East and the Korean Peninsula there are opportunities for sellers to hammer the market on … Read More
A ?4 the Trading Community- Should I Short?
Dr. Steenbarger helped me recognize one of the improvements we could make at SMB 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 and … Read More