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• Introducing EarningsTrades.com
  stevenplace, August 16th, 2010 at 11:32 am, Comments: 0

  About every other email I get is from a new trader looking for the best book or site or product that will teach them how to trade options–clearly this is a pain point for many new traders. After many months of toying with the idea, I’m proud to announce my new product EarningsTrades. ET is [...]

  
  

• The Hindenburg Omen and Bad Statistics
  stevenplace, August 16th, 2010 at 10:31 am, Comments: 0

  If I hear one more thing about the Hindenburg, I might explode (too soon?).
  The purpose of this post is to show that while this technical pontification is fun to read about, there are many, many logical and statistical errors related to the Hindenburg Omen. Where to begin?
  Let’s start with the definition and a little history [...]

  
  

• Review of One Good Trade, Win the Book With Your WTF Trade
  stevenplace, August 10th, 2010 at 7:54 am, Comments: 0

  Yes, there is a contest at the end of the page, but my review is definitely worth a read.
  I first met Mike Bellafiore at the Nasdaq OMX in Times Square. He seemed like a nice guy– firm handshake, clean cut. But I’m convinced that this book was the worst decision he’s made in a long [...]

  
  

• Binary Forex Options and Alternatives
  stevenplace, August 4th, 2010 at 10:38 am, Comments: 0

  I generally don’t consider myself a forex degenerate. Staying up all night on a stream of coffee and cigarettes staring at central bank manipulations is just not my thing — at least not yet.
  But I do tend to have intermarket theses, and I would like to use options to structure risk around my thesis every [...]

  
  

• Weekly Options and Pinning Effects
  stevenplace, August 2nd, 2010 at 10:58 am, Comments: 0

  If you haven’t yet noticed, weekly options have been released on a bucket of names, and it’s changing how the stocks trade at the end of the week as well as the options expiration cycle. My dream (see here) was fulfilled when weeklies were opened up for a variety of names, and it appears that [...]

  
  

• Stocktwits Brunch, 8-1
  stevenplace, August 1st, 2010 at 5:10 pm, Comments: 0

  
  

• Do This to Become a Better Trader
  stevenplace, July 30th, 2010 at 4:50 pm, Comments: 0

  Developing a physical fluency will help you to become a better trader. Whether it be ballet, martial arts, or in my case– powerlifting.

  
  

• How Option Orders Can Mislead You – A Case Study with SYMC
  stevenplace, July 29th, 2010 at 11:18 am, Comments: 0

  SYMC reported earnings yesterday, and the Street did not like what they had to say. The stock currently is trading down about 9%, and the options market was pricing in a move of about 5%.
  The options activity, taken in a vacuum, was very bullish yesterday. The SYMC board saw calls being bot on the ask. [...]

  
  

• Gold is Not Inflationary
  stevenplace, July 28th, 2010 at 10:43 am, Comments: 0

  At least not right now.
  The demand for GLD as a portfolio hedge can bet split into two sets of “crazies” — the risk aversion crowd and the hyperinflation crowd. The assumption gold bugs make is that at some point these two crowds will converge and GLD will be at some ridiculous number. But for the [...]