Steven M. Sears

LATEST ARTICLES

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

Feeling Nervous? How to Hedge This Market.

Feeling Nervous? How to Hedge This Market.

Never buy a single put option. Instead, use a put spread—which entails buying one put and selling another with a lower strike price and similar expiration. We explain.

3 minute read

Fear Is Spreading in the Market. How to Profit From It.

Fear Is Spreading in the Market. How to Profit From It.

When stock prices decline, it is often very profitable to sell puts on stocks you’re willing to own. Here’s how the trade works.

3 minute read

Looking to Lower Your Tax Bill? Consider This Options Strategy.

Looking to Lower Your Tax Bill? Consider This Options Strategy.

Double down on high-conviction stocks that have stumbled, then sell the original shares after 31 days to realize a tax loss.

3 minute read

Consumer Stocks Are Due for a Catch-Up Rally. This ETF Is Your Way In.

Consumer Stocks Are Due for a Catch-Up Rally. This ETF Is Your Way In.

How to use the Consumer Discretionary Select SPDR ETF to place a bet on the underappreciated strength of consumers.

3 minute read

How to Use Put Options to Buy Stocks on the Cheap

How to Use Put Options to Buy Stocks on the Cheap

Rather than allowing yourself to get spooked when volatility spikes, view it as an opportunity to profit from the fear of other investors.

3 minute read

Goldman Gets This Market. Get Goldman.

Goldman Gets This Market. Get Goldman.

Few firms have a better handle on the current scene or a stronger risk-management culture than Goldman Sachs.

3 minute read

Gold Is Headed Higher. There’s a Safer Way to Bet on the Rally.

Gold Is Headed Higher. There’s a Safer Way to Bet on the Rally.

Gold’s special quality as an all-purpose, antianxiety asset for investors is evident in its performance. The metal is up 43% this year alone, compared with 14% for the S&P 500.

3 minute read

Trump Is Bullish. That Means You Should Be, Too.

Trump Is Bullish. That Means You Should Be, Too.

If the president secures a positive outcome to China tariff negotiations, stocks will probably rally. Who knows what else he’s planning?

3 minute read

The Bulls Are Back. This ETF Stands to Gain.

The Bulls Are Back. This ETF Stands to Gain.

We had been measured ahead of the Fed meeting. Now that risks seem to be easing, it makes it easier to have conviction that stocks can advance in a lower-rate environment.

3 minute read

of 132 pages