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.
Steve Smith's Latest Posts
Understanding A Covered Call Strategy
The other day, I wrote about how people are piling into funds, then employ option premium-selling strategies, particularly covered calls or buy-writes. I figure it’s a good time to drill down into exactly what these strategies entail and highlight both the pros and cons. The covered call strategy is one of the most popular options strategies especially among investors that […]
3 Steps For Using Options To Protect Your Portfolio
With the stock market having a sizzling run to new all-time highs, investors are rightfully asking how they can protect their gains while still retaining upside exposure. This is where options trading can be extremely helpful. The most straight forward and simplest form of hedging or limiting downside risk is buying put options. While it is essentially true […]
The Complex Truth About Trading In A Bull Market
We’re back in a bull market, with many of the major indices tipping all-time highs. We all know that during such periods, everyone can look smart. But, after last fall’s swoon, many are treading carefully wondering if it is safe to join the party, or does prudence take precedence and suggest it’s time to take […]
Options: 3 Approaches To A Double-Edged Sword
Anyone that buys (or sells) an option contract is by definition employing leverage. I think too many people get enamored by the notion that an option allows one to “control” or confers the rights (or obligation) to 100 shares for a fraction of the price of owning the underlying security. The first thing to remember […]
Options Trading: How To Read Unusual Activity
Using options trading activity as an indicator for impending price moves is difficult, subjective, and unreliable. That said, it can help confirm other indicators, and increase the probability of a profitable trade. Indeed, there have been many situations in which activity in the options pits accurately predicts or presages an impending price move. There are 2 […]
