The Market to the Moon Today? Don’t Miss This Trade…

The Market to the Moon Today? Don’t Miss This Trade…

Posted On May 23, 2022 2:50 pm

As I write this the S&P is up 1.8% and the Dow has put on 634 points.  

But don’t be lulled into being too relaxed about your trading.  Over the last few weeks, this market has made huge reversals intraday…

And the reversals happen seemingly out of nowhere, so we need to keep our eyes open and guard up!

I sent a trading alert this afternoon to Options360 subscribers.  Here’s the rationale behind the trade. 


 Mr. Market is trying to take an innocent drinking walk down Wall Street.

But old guard rails of speed limits, margin calls, and common sense have been replaced with algo/quant race bots flued by overlords of our overlords.

Let’s try to get this pair of trades on.

Separate Orders.

Buy one after the other.

Don’t worry about a nickel aside.

SPY: Want to establish a modest style bullish calendar spread

I will benefit from a lift in SPY price. It will be cushioned by a decline as IV goes up.

But it also won’t get too bad if it sinks, thanks to what is sure to cause a lift in implied Volatility.

Let’s see if we can take advantage of an orderly bounce with a bull calendar spread in the SPY


<Edit out for nonmembers>

  1. VIX has become under relative pressure of late despite the recent sell-off.

My quick take on TWTR last week was this:

twitter tweet steve smith


You can get the full trades when you take a test drive of Options360.  

Either I impress the heck out of you, or you leave.  It’s that simple – and it’s only $19!

If you decide to stay, which you will, you’ll never be under any long-term contract or obligation.  Either I keep impressing you or cancel.  

It’s literally a no-lose situation for you.  

Frankly, I’m not sure why you haven’t taken me up on this yet…

But now is the time.  

To Your Success,


PS. I promise you, this will be the most productive, best $19 you’ve ever spent!

Click here and accept my invitation right now

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.