A Trade Idea for the Remainder of 2019

Posted On September 6, 2019 2:47 pm
By: Steve Smith

In gambling, it’s known that the house has the best odds. The Chicago Mercantile Exchange (CME) acts as the largest casino for trading in bonds, currencies and stock index futures. This is the products in which the ‘whales’ of global finance move billions of dollars each day as they adjust their portfolios. And the CME takes a fee with every transaction.

Earlier this week, the CME released trading volume numbers for August and they were the second-highest monthly on record despite August being a traditionally slow month.

The numbers were up across the board led by… Continue reading at StockNews.com

Tagged with: stock market

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.