MTM Options Trader Newsletter | An Option Watchlist Is Critical

[image]( [image] This Week in the Market Stocks took a hit Thursday as confidence that the Federal Reserve would lower rates sooner rather than later waned. Despite the drop, stocks rallied back Friday with only the Dow closing a fair amount lower for the week. The Dow is sitting just above its 50-day moving average, while Nasdaq and the S&P 500 are still trading comfortably above theirs. It will be interesting to see if the market can shrug off concerns and keep rallying or at least maintain a non-bearish bias. Generally, that has been the recipe for this market over the past several months. Implied volatility and option prices ticked up a tad to end the week. Traders and investors will enjoy some time off Monday with the market closed in honor of Memorial Day. A day off may be much needed for market participants. When the market opens Tuesday, we will have plenty of economic reports to digest, including the latest updated GDP figure. In addition, at least one Federal Reserve speaker is scheduled Tuesday through Thursday. Quarterly earnings continue to slow. Have a safe, healthy and happy Memorial Day weekend, and remember those who served and died for our country! May 28: Consumer Confidence May 29: Beige Book May 30: Jobless Claims May 30: GDP May 30: Trade Balance May 30: Pending Home Sales May 31: Personal Income and Spending [Read Our Blog]() An Option Watchlist Is Critical So many of the option traders I work with ask me how to find the best trading opportunities. Without an options watchlist, I believe many traders are just searching aimlessly for opportunities. The key is to keep the list active and updated without letting it get so big that it does not help anymore. Having a watchlist that is fluid gives you the best chance. Finding Trading Opportunities As traders we have so many different scans and services at our disposal it could make your head spin. The thought of having the best candidates at your fingertips can be quite [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 – 0-DTE trade ideas have worked well, especially iron condors. In addition, bull put spreads will be considered expecting a bounce back higher in stocks. META – Long calendars continue to extract money from the market for us on this stock, and this coming week, we hope, will be no different. Expect more of them. FDX – The stock slid lower again last week, and we will see if that trend continues. Bearish vertical spreads 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