Category Archives: February 2013, Issue #2
Ask the Crew:
Crew members tackle questions submitted by readers each month
Q: When you suggest placing a limit order so you get in at a good strike price on a butterfly, what is a good strike? I assume it means as close to the middle leg as possible. Am I correct? A: You want a good fill price. I only do the trades when the stock […]
Coaches Corner:
The Role of Virtual Trading
At this point in your trading career you are probably at one of three levels: beginner, intermediate or advanced. Whatever the level, you’ve probably dabbled in some form of virtual trading, commonly referred to as simulated trading, allowing you to test strategies and track performance in a risk-free environment. There are certainly lots of opinions […]
Musings from the Editor:
Then and Now…
One of life’s great ironies is the fact that we must often look back to move forward. No mystery there, as so doing provides us with perspective. Now that we’ve come through the opening month of the year and find ourselves perched just shy of record levels for the broad indices, it makes sense to […]
Karson’s Insight:
AAPL Short Butterfly
One of my favorite things to trade is pure statistical advantages. A trade I have been doing lately is exactly that. As we outlined in a recent seminar, AAPL moves $10 (two strike prices) every four hours on average. This is a great piece of information that can be used to our advantage. Though several […]
Monster’s Perspective:
Wall Street Bloodsport At Its Best
If you didn’t see the surprise heavyweight bout between Wall Street titans Carl Icahn and Bill Ackman recently on CNBC’s “Fast Money Halftime Report,” you missed one for the ages! As a former floor trader for 25 years on the CBOE, CME, and CBOT, I am used to seeing major players square off. (As they […]
Traders Talk:
TEI’s Louis Horkan Interviews Jon Wirrick
In this month’s Traders Talk we’re chatting with Jon Wirrick, a highly experienced trader who caught the trading bug roughly 25 years ago trading penny stocks while still in high school. A decade later he found his way into the realm of options and has been hooked ever since. His passion for trading is matched […]