Thoughts, experiences, or opinions re SMB Capital?
- Thread starter klinker4321
- Start date
Res ipsa loquitur. Pax tecum. Bonum trading.
Or, you can carefully review destriero's posts, save the $3,000, and go get a real proprietary trading gig at a renowned options group like DRW or Peak6. 
SMB isn't exactly renowned for their options trading acumen.
That's the thing about options - there's a ton of very good texts, computer programs, and even free info out there.
SMB isn't exactly renowned for their options trading acumen.
That's the thing about options - there's a ton of very good texts, computer programs, and even free info out there.
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Let's make this simple...
How many billionaires has SMB under their alumni to date? And by that I mean graduates, not the one collecting 3K fees.
How many billionaires has SMB under their alumni to date? And by that I mean graduates, not the one collecting 3K fees.
Here is the results of the first year of SMB's 'Weekly Option Income Machine' which is based on signals from Investiquant. The signal (SPX strike and type) is sent shortly after 9:30 EST on a monday, wednesday or friday, and one is expected to execute a spread at the strike and your desired protection, and hold till expiration at end of same day.
The program promised 85% win rate, but only achieved 72%. They need 22 straight wins to reach 85% and we know that is not going to happen. They also promised 3 signal a month, but slightly less than 2 actually happened. The 'win rate' column shows the win rate if you started on that date. The later you started, the worse the outcome.
The premiums are averages of the prices at the time the signal was sent.
The program costs $3k for a year of signals.
The program promised 85% win rate, but only achieved 72%. They need 22 straight wins to reach 85% and we know that is not going to happen. They also promised 3 signal a month, but slightly less than 2 actually happened. The 'win rate' column shows the win rate if you started on that date. The later you started, the worse the outcome.
The premiums are averages of the prices at the time the signal was sent.
The program costs $3k for a year of signals.
Code:
date strike type open close win 5 10 15 20 win rate
1/20/2021 3820 put 3821.4 3851.9 1.92 3.12 4.22 5.20 72.0
2/1/2021 3740 put 3752.2 3773.8 1.92 3.12 4.22 5.20 70.8
2/12/2021 3900 put 3909.5 3935.0 1.92 3.12 4.22 5.20 69.6
3/1/2021 3860 put 3869.2 3901.8 1.92 3.12 4.22 5.20 68.2
3/5/2021 3800 put 3802.6 3841.8 1.92 3.12 4.22 5.20 66.7
4/9/2021 4090 put 4097.3 4128.8 1.92 3.12 4.22 5.20 65.0
5/5/2021 4180 put 4182.9 4167.6 loss -3.08 -6.88 -8.18 -7.20 63.2
5/14/2021 4140 put 4145.1 4173.7 1.92 3.12 4.22 5.20 66.7
6/4/2021 4210 put 4214.4 4230.0 1.92 3.12 4.22 5.20 64.7
6/21/2021 4180 put 4182.4 4224.0 1.92 3.12 4.22 5.20 62.5
7/9/2021 4330 put 4342.0 4369.5 1.92 3.12 4.22 5.20 60.0
8/2/2021 4410 put 4419.3 4387.1 loss -3.08 -6.88 -10.78 -14.80 57.1
8/4/2021 4400 put 4408.4 4402.7 1.92 3.12 4.22 5.20 61.5
8/23/2021 4460 put 4462.5 4479.5 1.92 3.12 4.22 5.20 58.3
9/10/2021 4510 put 4506.92 4496.0 loss -3.08 -6.88 -9.78 -8.80 54.5
9/13/2021 4490 put 4474.81 4468.73 loss -3.08 -6.88 -10.78 -14.80 60.0
9/17/2021 4470 call 4469.74 4432.7 1.92 3.12 4.22 5.20 66.7
9/22/2021 4370 put 4374.6 4395.6 1.92 3.12 4.22 5.20 62.5
10/22/2021 4540 put 4540.2 4545.1 1.92 3.12 4.22 5.20 57.1
11/10/2021 4660 put 4668.7 4646.56 loss -3.08 -6.88 -9.22 -8.24 50.0
11/29/2021 4640 put 4651.0 4655.0 1.92 3.12 4.22 5.20 60.0
12/1/2021 4620 put 4603.0 4513.0 loss -3.08 -6.88 -10.78 -14.80 50.0
12/10/2021 4690 put 4687.64 4712.0 1.92 3.12 4.22 5.20 66.7
1/26/2022 4415 put 4408.0 4349.92 loss -3.08 -6.88 -10.78 -14.80 50.0
2/9/2022 4565 put 4547.0 4587.18 1.92 3.12 4.22 5.20 100.0
13.00 8.00 5.66 10.16
+---------+-------+--------------------------+
| width | pnl | contracts to breakeven |
|---------+-------+--------------------------|
| 5 | 1300 | 2.31 |
| 10 | 800 | 3.75 |
| 15 | 566 | 5.3 |
| 20 | 1016 | 2.95 |
+---------+-------+--------------------------+
ratio of premium to width
5 0.38
10 0.31
15 0.28
20 0.26
losses: 7
wins: 18
win rate: 0.72
consecutive wins needed for 85%: 22Bone is correct, you'll do much better going with ppl like DRW or Peak6....more robust at options trading concepts and implementation... 
And don't forget to go thru some of Destriero's threads on options trading... you'll pick up a few things that will last and help you for future success...
And don't forget to go thru some of Destriero's threads on options trading... you'll pick up a few things that will last and help you for future success...
In my opinion just another well polished professional video production selling the “dream” of easy (or steady) money by just following an “Algorithm”
my advice - keep your $3,000
usually all these types of deals are door openers
After you buy they will give you the info but also give you an enticing reason to spend even more money and then if you buy that 2nd thing the cycle starts over and repeats as you will be presented with an even bigger and more profitable opportunity if you will just given even more of your money and the only time the deals end is they wan you to buy a recurring subscription that will give you all the answers and info you need to make trading so easy…..
my advice - keep your $3,000
usually all these types of deals are door openers
After you buy they will give you the info but also give you an enticing reason to spend even more money and then if you buy that 2nd thing the cycle starts over and repeats as you will be presented with an even bigger and more profitable opportunity if you will just given even more of your money and the only time the deals end is they wan you to buy a recurring subscription that will give you all the answers and info you need to make trading so easy…..
The program promised 85% win rate,
Are such signal / educators sellers allowed to make such promises? Even Regulated CTAs never do that? so how come these "get reach easy" schemes are allowed? In USA it must be a free for all unregulated business!
Recently it came down in price to $1,400, and you now buy it directly from Investiquant. I thought - what the heck - will give it a go. Even though, as a first test, I sold at ten delta it lost - the market was crazy yesterday. It was doing fine until the last 2 hours. I have, however, dealt with SMB before and have had positive experiences. So for me, I am inclined to believe their marketing speil.
