Why It’s Time to Ride the Undercurrents to Profits

Why It’s Time to Ride the Undercurrents to Profits

Posted On July 1, 2021 2:17 pm

Dear Reader,

Quick update today.  

It’s been a slow few weeks in Options360, but as always patience is paying off. 

We have some signs of life in 2 of our positions, WMT and ABNB, which seem to be proving my bullish thesis on the stocks.  

We just rolled these 2 positions up earlier today for a net credit to subscribers and a better position going forward.  

We also closed a trade in SKX for a small win.  

In all, I am glad we stuck to our guns rather than jumping on the meme stonk bandwagon.  Doing the right thing can be hard sometimes…

But it pays off!!

To Your Success,


PS.  Now that things are moving, don’t miss out on the next great trade.  You’ve already missed too many!

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.