Revealed: How I Easily Locked in a 68% Gain

Revealed: How I Easily Locked in a 68% Gain

Posted On December 17, 2021 2:37 pm

Goodbye, bored apes. Welcome to my wheelhouse. 

Intraday price swings of 3% in the indices and 15%-plus ranges on individual names are my safe space.

This heightened volatility of large daily price swings, ubiquitous availability of intra-weekly option expirations, makes me a pig in crap.  It’s truly the most wonderful time of the year. 

Let’s just hope I can avoid mucking it up.

The Options360 Concierge Trading Service is up 63% year to date!  My 7th consecutive year of 47%-plus returns. Claim your spot now for just $19!  

Options360 Concierge Service members are already benefiting by leveraging the recent SPY and CBOE Volatility (VIX) setups and built positions, as mentioned in yesterday’s article.  Today, we made a quick 1 contract adjustment by locking in $350 (68% profit) if we were to do NOTHING for the next two weeks.   

Let me back up and give the links to these recent articles regarding the Santa Claus Rally and how Options360 has been positioning in the SPY and VIX to close out the year. 

Essentially, the heightened volatility and use of multistrike strategies, which are interconnected, can seem confusing. But, it presents a great opportunity to build a position that can be traded against, and lock in profits along the way — with no jaws (or draws) dropped in a panic.

Today, we executed two small (2 contracts for a credit) adjustments, providing us the 68% profit mentioned above. 

[Special Offer] Claim Your Spot into the Options360 Concierge Trade Service for exclusive access to my live weekly web calls.  All Alerts come in real-time via text and email for just $19 per month!

Here comes the hard part. Now that we have the upper hand, do I coast through this safe space for the next two weeks?  Or dig, while under no pressure, for fresh opportunities? 

You know the answer.  Click HERE to get on board.  It’s gonna be a good year.

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.