A Well Deserved Mai Tai…

A Well Deserved Mai Tai…

Posted On March 6, 2021 10:00 am

It was a wild week on Wall Street last week.

It’s the kind of week that can get you crushed if you have any naked positions.  

That’s why we only take positions with a well-defined and limited downside in Options360.  

Some of our trades are feeling a little pressure, so we are reducing our cost basis and managing them.

I’m still enthusiastic about those trades because remember – the Fed is still very accommodative, and the government is approving more stimulus.  That doesn’t guarantee a rising market, but it doesn’t hurt!

On the bright side, we closed 2 trades this week for substantial gains:

  • 56% ROI in MS, and

  • 47% ROI in IWM

Even better, our Options360 model portfolio is up a whopping 12.2% for the year.  

I knew this year was going to be great.  

I hope you are having a wonderful Saturday.  I am headed to the tiki bar for a well-deserved Mai Tai and a few hours of R&R with my nose deep inside a detective novel.  

And on Monday I will be back, rested and rejuvenated, to help my Options360 subscribers have a banner year.  

You can join us for just $19!

To Your Success,



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.