Nice trade. Beauty when those otm's workout as timing is key. Not often does IV pop on the upside so double positive whammy with the delta n vega gain. Well done n thks.
General question: are prop traders subject to wash sales rules on stock trades? (not interested in becoming a prop trader at this stage in my life, just curious). Also, are options on index futures subject to the same tax advantages as the underlying futures contracts? Thanks again for all that you guys do -- probably the only active trading channel on YT worth following...
Amazing trade Max especially directionally! This is also my style of options trading at the moment and I have been learning more complex option strategies with Seth as well. I would have liked to see the executions of his call contract versus the underlying. Was this Max's most profitable trade from a pnl standpoint or highest return? Just curious, again amazing trade!
@@mbellafiore19 it's still great to think I had the opportunity to meet you both. I'm glad Max is doing so well at the firm, takes alot of work to develop as quickly as he is. I am still making my own strides and working hard to emulate SMBs template. Hope you're doing well Mike!
@@smbcapital I definently did. I have one question in regards to ATR, when a stock shows shows its ATR as 10 does that meana 100$ stock can range up to 102.5 and down to 97.5 in the giving day. Or does it mean it can go up to 105 just as much as it can go to 95 considering the stock is 100$ in price. Than you so much!
If you make one more video explaining what options are I will stop watching your videos. Why not give them a link to a different video explaining what an option contract is. So annoying
SMB Options Workshop: bit.ly/3lZMoGv
You don't have to be a rocket scientist to trade you have to be willing to put the work in. Good job Max!
I absolutely love this video and how it was structured. Great intro, overview, deep dive and summary. Thanks so much! 😁✌🏻
Glad you liked it Jay!
Nice trade. Beauty when those otm's workout as timing is key. Not often does IV pop on the upside so double positive whammy with the delta n vega gain. Well done n thks.
Yes Max played this perfectly. He had been talking about setting up this trade for a few days before it played out.
@@smbcapital For sure. I am sure he had an extra spring in his step after that trade:) Awesome...
General question: are prop traders subject to wash sales rules on stock trades? (not interested in becoming a prop trader at this stage in my life, just curious). Also, are options on index futures subject to the same tax advantages as the underlying futures contracts?
Thanks again for all that you guys do -- probably the only active trading channel on YT worth following...
Yes they are
Could there be a Put Debit Spread to make the trade of limited risk ?
Amazing trade Max especially directionally! This is also my style of options trading at the moment and I have been learning more complex option strategies with Seth as well. I would have liked to see the executions of his call contract versus the underlying. Was this Max's most profitable trade from a pnl standpoint or highest return? Just curious, again amazing trade!
Not sure. But one if his better ones. Great to build on what we do best by reviewing our better trades.
@@mbellafiore19 it's still great to think I had the opportunity to meet you both. I'm glad Max is doing so well at the firm, takes alot of work to develop as quickly as he is. I am still making my own strides and working hard to emulate SMBs template. Hope you're doing well Mike!
i would like to use options with your prop firm - how do i get started?
Amazing video, cant wait for the options workshop video i scheduled for tommorow!
enjoy it!
@@smbcapital I definently did. I have one question in regards to ATR, when a stock shows shows its ATR as 10 does that meana 100$ stock can range up to 102.5 and down to 97.5 in the giving day. Or does it mean it can go up to 105 just as much as it can go to 95 considering the stock is 100$ in price. Than you so much!
nice video. it'd be helpful to note the date of the trade in the beginning of the video.
Max mentions when he starts talking. It was July 2nd
Always enjoy your videos Seth !!!!
Awesome trade here !!!!
Glad you like them Jim!
Thank you for the great content.
You are welcome
Our pleasure!
How does this only have 380 likes?
Nice breakdown too Seth n Matt, thks.
you're welcome Kirby!
@@smbcapital I really enjoy your clips Gents. I was rereading some of Mike's book OGT last nite b4 bed. Thks n great stuff!
Thanks Seth! Another good video.
thx Ron!
Max made a brilliant trade and it worked out brilliantly!
Dynamic leverage of OTM options
Nice work
Thanks
@@mbellafiore19 We are happy to serve helps. Have a great day
@@mbellafiore19 Hi, I am interesting and how to be a SMB Capital Stock Exchange Market?
If you make one more video explaining what options are I will stop watching your videos. Why not give them a link to a different video explaining what an option contract is. So annoying
Pro traders use options because they trade with OTM (Other People Money 💰) and they dont care if they lose.
OPM isn't the same as OTM 🤔
@@chairman6652 you are right. Sorry, my mistake, but you get the general idea.
They lose their seat if they are not responsible with firm capital.
Their name and reputation are on the line.