Another Tough Reversal Today…

Another Tough Reversal Today…

Posted On May 2, 2022 2:40 pm

We have a short – but extremely important – email today.  The market is moving and I need to keep an eye on things for my subscribers…

Take a $19 Test Drive to Options360 and Let Me Help You Find Trading Success

Still, I’d never want to miss my chance to speak to you.

As I write this the Dow is down 342 pts (a little over 1%) on the day so far.  

We were up a little over 100 points around 10:30…

 But it’s been selling off since then.

And the VIX (Volatility Index – otherwise known as the “Fear Index”) has shot up to over 35! 

For a frame of reference, in 2017 the VIX hovered below 10, and before Covid, it ran around 12.  At the beginning of the year, it was around 17 or 18.  

So it’s historically very high, and it’s doubled since the beginning of the year.  

Here’s the point, right now it’s more important than ever to keep HIMI (Happy I Missed It) in mind as you trade.

You need to keep your trades tight and grab profits when you can

Trying to ride manias right now MIGHT make you a few bucks – but more likely will get you crushed like a small-time surfer trying to ride big Hawaiin waves.  

I want to help you stay safe while finding solid trades that can pay off for you

I know it’s boring, but I’ve been doing this for 40 years because I know when to play it safe and grind it out.  

Let me help you survive and thrive in this market.  

It just takes $19.  It’ll be the best money you ever spent.  

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.