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,
Steve
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!