MTM Options Trader Newsletter | Profiting From Uncertain Option Trades

[image]( [image] This Week in the Market Stocks and the major indexes were able to rally this week after initially being pushed lower for a variety of reasons, including the ongoing crisis in the Middle East. Several bullish earnings reports didn’t hurt. The S&P 500 broke its downtrend but may still have to contend with the 50-day moving average. A move above that level again would certainly be a bullish sign. Meanwhile, implied volatility levels and option prices retreated. This week is loaded with economic reports, including the latest jobs report before the market opens Friday. In addition, the Federal Reserve will meet Wednesday afternoon. Although no rate change is expected, the Fed might indicate what it will do with rate decreases going forward. Clearly this could cause some volatility in the market. We are still in the thick of earnings season with Apple and Amazon both expected to announce. As an investor, do not forget to consider a collar to protect your stock position. Have a safe, healthy and prosperous week! Apr 30: Consumer Confidence May 1: Construction Spending May 1: JOLTS May 1: FOMC May 2: Jobless Claims May 2: Trade Deficit May 2: U.S. Productivity May 2: Factory Orders May 3: Unemployment May 3: Consumer Credit [Read Our Blog]( Profiting From Uncertain Option Trades There are a lot of sayings I like when it comes to option trading. Many have been passed on for several decades, and many of them I have come up with on my own as an options instructor. But my latest one may be the most important to adhere to because it can make the difference between being successful as an options trader or not. Let’s take a quick look. Discipline and Risk Management For about six months, I have been telling [Continue Reading …]( MTM Watchlist Here are a few trade ideas we will most likely look at in MTM’s group coaching class this week: SPY – The 0-DTE trade ideas have been doing well, and more will be considered. Double calendars also continue to impress. GS – The stock closed looking to break out from a bullish base. Potential bull call and bull put spreads will be discussed. TSLA – The stock rallied higher after earnings, but it is getting close to its 50-day moving average. Bear call spreads around that level may be explored. [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