Steven M. Sears

LATEST ARTICLES

Think the War Is Over? Consider This Trade.

Think the War Is Over? Consider This Trade.

The environment is simply too uncertain for anyone to conclude that they must buy stocks based on fear of missing out.

3 minute read

Is the War Still On? This Strategy Offers Some Upside.

Is the War Still On? This Strategy Offers Some Upside.

President Trump posted on Monday that his representatives were negotiating to end the war. Iran posted back that it was a lie. What should investors do?

3 minute read

Investors Should Position for a Longer Iran War. What to Do Now.

Investors Should Position for a Longer Iran War. What to Do Now.

The risk is that the war lasts longer than expected and the shipping industry takes even longer to recover. The recent weakness in financial markets could be an amuse-bouche before a bearish feast.

3 minute read

The VIX Isn’t What It Used to Be. How to Get an Investing Edge Now.

The VIX Isn’t What It Used to Be. How to Get an Investing Edge Now.

Rather than trying to buy stocks at the apex of fear based off volatility signals, consider integrating gasoline prices into your decision-making.

3 minute read

3 Ways to Profit From the Iran Crisis With Options

3 Ways to Profit From the Iran Crisis With Options

Aggressive investors who can handle extreme uncertainty can establish exposure to whatever rally erupts should a detente emerge.

3 minute read

It’s a Chaotic Market. Take the Long-Term View.

It’s a Chaotic Market. Take the Long-Term View.

Our “time arbitrage” strategy, which monetizes short-term volatility for long-term gain, provides a simple framework for making decisions amid uncertainty.

3 minute read

The Wrong Way—and Right Way—to Hedge This Volatile Stock Market

The Wrong Way—and Right Way—to Hedge This Volatile Stock Market

Most investors stink at hedging—even the pros. They mostly buy puts near a stock’s current price, thinking they will make lots of money if it declines even more.

3 minute read

Don’t Chase Momentum. There’s a Better Way to Invest.

Don’t Chase Momentum. There’s a Better Way to Invest.

Options trading is a way of thinking and acting that provides a solid framework for decision-making.

3 minute read

Will the S&P 500 Hit 8000? A Smart Way to Play It.

Will the S&P 500 Hit 8000? A Smart Way to Play It.

Anyone who agrees the S&P 500 could cross that landmark can mimic the private-market trades by trading call options on the State Street SPDR S&P 500 ETF.

3 minute read

Can Silver Go Higher Still? How to Play It Safer.

Can Silver Go Higher Still? How to Play It Safer.

Financial markets have a new attitude, exemplified by innovations like prediction markets and zero-dated options. Many people view the markets as a casino.

3 minute read

What Berkshire’s Greg Abel Should Do With All That Cash

What Berkshire’s Greg Abel Should Do With All That Cash

The new CEO could enhance the company’s returns on its massive cash position with a simple options strategy: cash-secured put sales.

3 minute read

How to Take a Stock-First Approach to Options

How to Take a Stock-First Approach to Options

Few people can trade options for the sake of options, but anyone can use options to be a better stock investor.

3 minute read

Silver Exhibits Rare Trading Phenomenon. How to Play It.

Silver Exhibits Rare Trading Phenomenon. How to Play It.

By selling a bearish put to buy a bullish call option on a silver exchange-traded fund, investors can edge into one of the hottest trades in global markets.

3 minute read

It’s Earnings Warning Season. How to Profit From Others’ Misery.

It’s Earnings Warning Season. How to Profit From Others’ Misery.

Lululemon’s management is under pressure. It is reasonable to expect they will use January to tidy up their affairs and reset investor expectations.

3 minute read

It’s a Wonderful Market—if You Know How to Play It

It’s a Wonderful Market—if You Know How to Play It

The Cboe Volatility Index’s long-term average is around 19, so the present level of 14 suggests peace in markets and goodwill toward investors. At least for a month.

3 minute read

Stop and Think. Why You Shouldn’t Make Big Moves Right Now.

Stop and Think. Why You Shouldn’t Make Big Moves Right Now.

There is nothing wrong with big banks stuffing marketing channels with 2026 predictions—it’s a fun, useful exercise—but there is little reason to do much more than read and reflect.

3 minute read

This Question Looms Large Over the 2026 Stock Market

This Question Looms Large Over the 2026 Stock Market

The expected appointment of a Trump-friendly Federal Reserve chair in May could drive stocks higher—but it could also introduce some nasty risks.

3 minute read

Crypto Is Weak. 2 Ways to Play It.

Crypto Is Weak. 2 Ways to Play It.

Aggressive investors who want to wager that fear turns to greed can focus on Strategy and Coinbase Global, either by buying the stocks or turning to the options market.

3 minute read

Don’t Just Trade Something, Sit There

Don’t Just Trade Something, Sit There

Let overconfident investors make hasty decisions. Let them wager on a day’s move with short-dated options—Wall Street’s equivalent of scratch-off lottery tickets.

3 minute read

Will the Fed Cut, or Won’t It? This ETF Move Works Either Way.

Will the Fed Cut, or Won’t It? This ETF Move Works Either Way.

Investors concerned about volatility tied to the Dec. 10 Fed rate-cut decision can stake out a position with options on the small-cap iShares Russell 2000 ETF.

3 minute read

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