Should Companies Report Earnings 2 Times Per Year?

Should Companies Report Earnings 2 Times Per Year?

Posted On February 20, 2019 2:42 pm

CNBC commentator Jim Cramer has made the term “Stop Trading!” well known through his various segments. As much as he uses it for dramatic flair, there is some good sense to the notion of taking a step back and simply doing nothing in the market.

From the time I first became a market maker on the Chicago Board of Options Exchange (CBOE) in 1988, I always wondered why the market needed open for 6.5 hours a day.  The reality is that with post and pre-market and overseas, it’s open 24 hours.

Most days, brokers spent a good portion just standing around. Couldn’t, especially with new technology making instantaneous order execution, price…

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About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.