Market Madness and Money Magic…

Market Madness and Money Magic…

Posted On February 27, 2021 10:00 am

If you have been reading my emails very long, you know I have been in and around the markets all my life. 

From 12 years old running for my father’s brokerage summers to one of the youngest members of the American Stock Exchange to being a market maker on the CBOE…

I’ve been doing this all my life.  

And as a result, I have seen just about everything there is to see in the markets.  Not everything mind you, but just about everything.  

When I think that I was on the CBOE while KKR and Ross Johnson’s group had a very public battle over the RJR Nabisco LBO, which was the biggest in history at the time…

A whopping $25 billion.  That’s small potatoes today, but at the time it was HUGE!

I’ve seen options start as the wild west, with prices all over the place.  

Many times prices that didn’t represent the value of the contract at all.  They were either way overpriced or way underpriced. 

That’s how my father – wildman that he was – could make a lot of money on highly speculative trades.  He was better at pricing options contracts than a vast majority of the market.

Later pricing became more systematic and rational – so learning how to spot small advantages, then manage those trades more effectively. 

There just aren’t any huge discrepancies between price and value in the options market anymore. 

That’s why I constantly beat the “manage your trades” drum. Recently in Options360, we were able to take a trade in FB – that went really bad at first and turn it into a 35% winner.  

That wasn’t because we got lucky.  It’s because we made adjustments and managed the position properly.   

From losing money to a 35% winner in just under 3 weeks…

THAT is the power of Options360!

If you have not already, make sure you grab your $19 trial subscription right now. It’ll be the best money you ever spent!

To Your Success,


PS.  The trial subscription is just $19 and the training webinars you will get are worth more than that.  It’s as if you get the trade recommendations for FREE!

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.