About Jay Soloff
Jay is a former professional market maker who cut his teeth trading on the floor of the CBOE, the world’s largest options trading exchange.
He’s worked with Wall Street firms to help design options market making software for trading on electronic exchanges when those exchanges first came to the U.S. Jay was a senior analyst at a hedge fund, where he worked closely with multiple options trading funds employing some of the most cutting edge strategies in the field. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.
He has a degree in economics from University of Illinois, Champaign and two Masters degrees from Arizona State University: an MBA and Master of Science in Information Management.
With more than 20 years of experience trading and investing, his focus today is on making professional strategies accessible to everyone, which is exactly what does in his highly profitable investment advisory services; POWR Income and POWR Stocks Under $10.
He is also the lead Options Portfolio Manager at Investors Alley, where he edits 48-Hour Income, an investment advisory bringing you professional options trading strategies, with all the bells and whistles of Wall Street, but simplified so all you have to do is enter the trades with your broker.
Recent Articles By Jay Soloff
Income Stock of the Week: Steelcase (SCS)
Welcome to the brand new feature of StockNews.com where investing expert, Jay Soloff, will highlight his Income Stock of the week. To kick things off Jay has selected Steelcase (SCS). Learn why below…
Reading Between the Lines of the Latest FOMC Statement
The big news this week came from the Fed, with a pause in the rate hike cycle along with hawkish language from the FOMC (higher rates to come). However, after a brief pullback in stocks, the S&P 500 (SPY) and other markets have gotten back to their bullish ways. We'll get back to that in a bit, but the good news for us is bullishness can only help our portfolio. Despite the uncorrelated nature of some of our smaller holdings (in terms of market cap), a rising tide tends to lift all boats. Read on for more….
How Lower Volatility and Oil Production Cuts Could Impact the Market…
I'm pleased with how the portfolio has shaped up over the last couple weeks. Of our 8 current positions, 6 are winners, one is breaking even, and one is a small loser. Several of the stocks have been in an uptrend as well. For the time being, we're going to (likely) focus on smaller changes such as trimming or adding to positions. We're at about 70% allocation of our cash, which I think is reasonable in this environment. Things can change in a hurry of course, but I'm content with the mix of stocks we have in the portfolio at this time. Let's take a look at what's going on in the S&P 500 (SPY) week. Read on for more….
Moving on From the Debt Ceiling…
Now that the debt ceiling debate appears to have been resolved, we could see more risk-taking among investors. That's a good thing for smaller stocks, like the ones we buy for our portfolio. Below I take a closer look at what's going on this week in the S&P 500 (SPY) and how this impacts our next move. Read on for more….
Will Resolving the Debt Ceiling Touch Off the Next Market Rally?
We continue to put our idle money to work in our portfolio. For the time being, we'll be focusing on additions rather than deletions (although that could change based on new info). Once the debt ceiling stuff is resolved, I think the market will be in a nice position to rally for the second half of the year. Hopefully, we'll have that purely political headache out of the way by next week. Let's take a look at what's going on this week….
Bulls Back in Charge?
It has been a nice week for stocks, and if the debt ceiling issue gets resolved without too much hassle, we could see further rallying. It goes without saying, but it's a lot easier to make money when the S&P 500 (SPY) is going up, even if our portfolio is less correlated than large caps to the broad market. That said we still made additional changes to the portfolio this week to prepare ourselves for what’s ahead. Read on to get my latest take on the current market conditions and where I think it heads next…
SNAP Stock Price Continues to Outpace the Market Handily
In the midst of a serious economic downturn (due to COVID-19), Snap (SNAP) is experiencing massive growth.
AMD’s Bid To Acquire XLNX Spurs Bullish Activity From Options Traders
One area where we're starting to see a lot of consolidation is in the semiconductor space with stocks like: Advanced Market Devices (AMD) and Xilinx (XLNX).
Is Micron Set For a Big Move?
What can traders do to make money in this high volatility environment with a seemingly total lack of fundamental trading? Consider a straddle in Micron (MU).