SMB’s Options Tribe is an online community of options traders dedicated to sharing successful options trading ideas with all of our members worldwide. Each week the community will meet online for the primary purpose of watching live presentations made by veteran options traders and experts in the world of options trading. In this presentation, Jeff Augen, author of the options trading classic, “Trading Options At Expiration: Strategies and Models for Winning the Endgame”, discussed how to capitalize on price distortions in weekly options.

1. August 14,
2012

2. 1. SMB TRAINING is NOT a Broker Dealer. SMB TRAINING engages in trader education and
training. SMB TRAINING offers a number of products and services, both electronically
(over the internet through Smbtraining.com) and in person. Through Smbtraining.com,
SMB TRAINING offers the “Virtual Trading Floor”, a community through which independent
traders (subscribers), as well as T3 Trading Group, LLC traders, observe a virtual trading floor
environment (as described below) for educational purposes. SMB TRAINING also offers web-based,
interactive training courses on demand.
2. The seminars given by SMB TRAINING are for educational purposes only. This information neither
is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities.
You shall be fully responsible for any investment decisions you make, and such decisions will be
based solely on your evaluation of your financial circumstances, investment objectives, risk
tolerance, and liquidity needs.
3. This material is being provided to you for educational purposes only. No information presented
constitutes a recommendation by SMB TRAINING or its affiliates to buy, sell or hold any security,
financial product or instrument discussed therein or to engage in any specific investment strategy.
The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy,
sell, or hold any securities. You are fully responsible for any investment decisions you make. Such
decisions should be based solely on your evaluation of your financial circumstances, investment
objectives, risk tolerance and liquidity needs.
4. SMB Training and SMB Capital Management, LLC are separate but affiliated companies.
5. T3 Trading Group, LLC is a Registered SEC Broker-Dealer and Member of the CBOE Stock Exchange
(CBSX www.CBOE.com). All trading conducted by contributors on Virtual Trading Floor is done
through T3 Trading Group, LLC. 7. The risk of loss in trading securities, options, futures and
forex can be substantial. Customers must consider all relevant risk factors, including
their own personal financial situation, before trading. Options involve risk and are not suitable
for all investors.
See the Options Disclosure Document: Characteristics and Risks of Standardized Options. Trading
foreign exchange on margin carries a high level of risk, as well as its own unique risk factors.
Please read the following risk disclosure before considering the trading of this product:
Forex Risk Disclosure. Futures and forex accounts are not protected by the Securities
Investor Protection Corporation (SIPC).
6. No Relevant Positions

3.  Please note: Hypothetical computer simulated performance
results are believed to be accurately presented.
However, they are not guaranteed as to accuracy or
completeness and are subject to change without any
notice. Hypothetical or simulated performance results have
certain inherent limitations. Unlike an actual performance
record, simulated results do not represent actual trading.
Since, also, the trades have not actually been executed;
the results may have been under or over compensated for
the impact, if any, of certain market factors such as
liquidity, slippage and commissions. Simulated trading
programs in general are also subject to the fact that they
are designed with the benefit of hindsight. No
representation is being made that any portfolio will, or is
likely to achieve profits or losses similar to those shown.
All investments and trades carry risks.”

4. Capitalizing on
Weekly Option Price
Distortions

5.  Go to Optionstribe.com right now and click on: “Join the Options
Tribe”
 Then, join the Optionstribe chat group  (takes about an hour)
 Post an idea in the forum for a future options tribe meeting topic 
 Buy one of SMB’s options training products and receive a 5%
discount 
 Find out what trade adjustments were made by our options experts
on popular options trading strategies 
 Peruse our ever growing archive of previous Options Tribe Meetings
(past recordings now only available to paid members)
 Register for next week’s Options Tribe meeting 
 Offer to make a presentation on the Options Tribe, become an active
blogger, offer up an Options Tool, or become actively involved in
some other substantial way and get a free annual membership 
 All archived material is BACK! Thanks for your patience.

7.  If you’d like to take a deep dive into this
strategy and learn how to find BWB trading
opportunities in virtually any kind of market
then you should…..
 Order the Broken Wing Butterfly Video
Course—four extensive videos detailing how
to trade this strategy in every market for
our special introductory price of $495.

8.  Ifyou order now, you will receive
one FREE hour of mentoring from
Greg Loehr after you’ve gotten an
opportunity to review all of the
videos.
 That’s a $350 value that we are
adding to the offering for free.

9.  If you are interested in the “trade that
teaches you how to trade options”…….?
 Order the M3 Options Trading System Video
Course—four extensive videos plus a
detailed power point summary detailing
how to trade this strategy for $795.

10. Go to our new SMB Options Training Page at:
www.smbtraining.com/overview/smb-options-
training
 Click
on the M3 Options
System “slice” in the pie at
the bottom of the page.

11.  If you would like to learn to become an expert
in this strategy---Bullish markets
---Bearish markets
---Channeling markets
 Order the Bearish Butterfly Video Course—
four extensive videos detailing how to trade
this strategy in every market for our special
introductory price of $495. This price may
not last !

13.  John has graciously agreed to
make his personal mentoring
services available to SMB Options
Tribe attendees on a first
come, first serve basis, once you
have studied the M3 video course
or the Bearish Butterfly video
course.
 So ORDER now !

14.  Check out SMB’s Options Training Program-to
launch your options training career:
 www.smbtraining.com/overview/smb-options-
training
 Consider a mentoring-only relationship with
SMB, for the struggling options trader who is
seeking a trading plan to get you back on track.
 And how would I check out those enticing
offers, you may ask?: Go to
Smbtraining.com, click on the “Programs”
tab, select “SMB Options” and you’ll see this:

16.  John Locke: Bearish
Butterfly and M3 Trade
Review

17.  Email: sfreudberg@smbcap.com
 Twitter: SethF _ SMB
 Blog: smbtraining.com/blog