A bearish trade on the SPY from Steve

Some of the biggest and quickest rallies occur during corrections or bear markets. This makes selling or getting short a treacherous prospect.  One approach I’m using is to sell out-of-the money call spreads for credit.  By waiting until a stock or index has...

Week of March 17th: Unusual Options Alert

Last unusual options newsletter, Tim Biggam recommended selling puts on the QQQs.  And the QQQs went sideways for the week making it a profitable trade.  I actually sold 3 different trades on the QQQs that all expired and made money for us.  Now, with...

Steve Smith’s Butterfly Trade for the SPY

This Friday morning Steve issued an Alert recommending a butterfly spread in the SPY that only cost $100 per contract and can deliver a $500 or 500% profit SPY in a matter of days A butterfly spread is a great low cost strategy with a defined risk; and while it has a...