Did You Miss These Trades?

Did You Miss These Trades?

Posted On October 11, 2022 3:44 pm

Dear Reader,

It’s been a busy few weeks in my Options360 trading education program.  

This morning, we closed a trade in QQQ for a whopping 42% return in just 7 trading days. Not bad when the market is in trauma, don’t you think?

We also opened a new trade yesterday.   

Here is the alert (I sent minus the exact trade):

Banks are going to kick off earnings season later this week.

Financials have nor performed well this year despite the notion they should benefit from higher rates which usually translates into higher net interest margin (lend long term borrow short term) due to an inversion in the yield curve and worries a slowing economy will squash lending along with other banking activities; mergers, IPOs, bond issuance.

I think they will have a tough time providing positive guidance.

And despite most banks being well capitalized I think there is a real concern regarding what lurks behind the balance sheets regarding leveraged counter party risk ala UKs pension fund debacle.

Let’s establish a small bearish position in the Financial Select SPDR ETF (XLF)

You can see we are maintaining our bearish bias.  

It’s almost certainly too late for you to get in on this trade, however, you can make sure to grab the next profit generating trade. 

Options360 is up over 22% YTD. That’s not a single trade – that’s the entire portfolio including winners and losers.  

With the S&P 500 25% down for the year, that’s almost a 50% swing!

Don’t miss out on the next amazing trade. Click here and claim your trial subscription for only $19 for the first month!

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.