[image]( [image] This Week in the Market The S&P 500âs 50-day moving average was no match for the index, which blew through it and did not stop moving lower to close out the week. Nasdaq did the same, and all three major indexes are below that level now. A non-bullish (expecting resistance levels to hold) outlook seems to make sense as several support levels have now been breached. Implied volatility levels and option prices have moved considerably higher over the past couple of weeks with the VIX trading close to its six-month high. This week is not as loaded with economic reports as the last one, but there are still several worth noting. The latest GDP update and personal spending are just a couple we will be following. In addition, with mortgage rates on the rise, the housing numbers this week may come in as a surprise. Quarterly earnings continue to accelerate with many big-name stocks, including Meta, expected to announce. As always, remember to check the expected earnings date before placing your trade. Have a safe, healthy and prosperous week! Apr 23: New Home Sales
Apr 24: Durable Goods
Apr 25: Jobless Claims
Apr 25: GDP
Apr 25: Pending Home Sales
Apr 26: Personal Income and Spending
Apr 26: Consumer Sentiment [Read Our Blog]() Option Trading Is âAlmostâ Always a Trade-Off When I talk about options, which is quite often, I like to say that everything in options is a trade-off. As I tell my students, if you give up this, you get that in return and vice versa. If you have a better risk/reward trade, the probability of a profit is lessened and vice versa. But lately I have found an exception or two, especially when it comes to time spreads. Different Ways to Profit Synthetically, vertical debit and credit spreads are the same. Many traders sell out-of-the- [Continue Reading â¦](=) MTM Watchlist Here are a few trade ideas we will most likely consider in MTMâs group coaching class this week: SPY â More 0-DTE trade ideas will be explored, with vertical credits and double calendars worth a look too. We need to keep this profit train rolling. NVDA â After getting hammered lower last week, the stock may be looking to rebound a tad. Potential directional call butterflies will be modeled out with nice risk/reward scenarios. VLO â The stock gapped and moved lower on Friday after earnings. Potential bear put and directional put calendars will be examined. [image]( The strategies in this newsletter are for educational and informative purposes only. All information disclosed in this newsletter should not be considered complete in its entirety. Market Taker Mentoring, Inc. will not be held responsible for changes, oversights, errors or omissions. Dates, prices, news and other information may not be accurate. Please verify all information before trading. You alone are responsible for your own investment decisions. Options involve risk and are not suitable for all investors. Before trading options, please read Characteristics and Risks of Standardized Option (ODD), which can be obtained from your broker; by emailing investorservices@theocc .com; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement in this newsletter is intended to be a recommendation or solicitation to buy or sell any security or to provide investment or trading advice. Traders and investors considering options should consult a professional tax advisor as to how taxes may affect the outcome of contemplated options transactions. Copyright Market Taker Mentoring, Inc. 2008 - 2024. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [image] If you do not wish to be contacted via email, you can unsubscribe using this link: [Unsubscribe]( Unsubscribing from email notifications DOES NOT cancel your class, subscription or recurring payments. We recommend that current students do not unsubscribe from email notifications. If you unsubscribe from email notifications, you will not be notified on how to access the classes or subscriptions in which you are enrolled. Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States