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SMB CAPITAL OPTIONS TRAINING PROGRAM

SMB CAPITAL OPTIONS TRAINING PROGRAM. SESSION SIX. Online Broker Platform Training. Retail options traders typically utilize a small universe of online brokers. Think or Swim Interactive Brokers Trade King Trade Monster Options Express

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SMB CAPITAL OPTIONS TRAINING PROGRAM

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  1. SMB CAPITAL OPTIONS TRAINING PROGRAM

  2. SESSION SIX Online Broker Platform Training

  3. Retail options traders typically utilize a small universe of online brokers • Think or Swim • Interactive Brokers • Trade King • Trade Monster • Options Express The purpose of Session Six is to expose you to five major online broker platforms so that you can make your selection among them.

  4. THINK OR SWIM TUTORIAL • To Watch this demonstration, download the Dropboxsoftware onto your PC and then click on the following link: • https://dl-web.dropbox.com/get/Seth%27s%20Videos/TOS.wmv?w=209a6f45

  5. Interactive Brokers Platform • To watch this demonstration, cut and paste the following link into your web browser. You will be instructed to download the Webex “ARF” player first. The recording can then be saved to your desktop and played by double clicking on the saved recording, which will activate your newly downloaded ARF player. • https://interactivebrokers.webex.com/interactivebrokers/ldr.php?AT=pb&SP=MC&rID=46428562&rKey=dfeacd05efc4d8a6

  6. Trade King Tutorial • To watch this demonstration pleaseclick on this link: https://tradeking.webex.com/tradeking/lsr.php?AT=pb&SP=EC&rID=2587607&rKey=a0c8539cbcc752a7

  7. Trade Monster Tutorial • To watch this demonstration, please cut and paste the link below into your web browser: https://trademonster.webex.com/trademonster/lsr.php?AT=pb&SP=EC&rID=49160857&rKey=6a2bf4dcde51586b

  8. OptionsXpress • Some information is provided by OptionsXpress through these links. • Features of the trading platform and various tools: http://www.optionsxpress.com/free_education/xpressmethod.aspx • Comparisons to other brokers: http://www.optionsxpress.com/about_us/broker_comparison.aspx • Overview of competitive advantages: http://www.optionsxpress.com/why_ox/?said=TopNav_WhyOX_Top1

  9. Homework • If you have not already done so, select your online broker platform and download the necessary software onto your desktop. • Fund your account with at least $10,000. • Arrange for a paper trading account with your broker (if available). • Use the same vehicles as mentioned in the homework exercise in session 6, and during the trading day, execute a credit spread, debit spread, a double diagonal, an iron condor and a butterfly, a calendar spread at least 30 days out from a monthly expiration. • Important: Become familiar with your broker’s “contingent order” procedures and place a contingent order on each trade, such that if a particular underlying price is reached, the trade will be closed. Choose any price you wish, but once hit, the broker platform should be set to automatically close the trade at MARKET (to keep things simple).

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