MTM Options Trader Newsletter | Smart Traders Record Their Trades

[image]() [image] This Week in the Market The shortened trading week was another crazy one for stocks as the indexes moved lower until Friday afternoon. Suddenly, buyers stepped in and moved the markets from session and weekly lows to positive territory with the last hour being particularly bullish. The Dow is the only major index that closed below its 50-day moving average. Expect more volatility as traders and investors figure out if the late-week rally was a buying opportunity or just a fluke. Implied volatility and option prices surged higher but retreated on Friday’s rally. It will be a full week of trading once again with plenty of numbers to dissect, especially later in the week. The biggest among them is the May jobs report scheduled before the open Friday. At the time of this writing, there were not many scheduled Fed speakers on the docket. Quarterly earnings remain slow for the time being. Remember, cash is always a position and much better than forcing a trade. Have a safe, healthy and prosperous week! Jun 3: Construction Spending Jun 4: Factory Orders Jun 4: JOLTS Jun 5: U.S. Productivity Jun 5: U.S. Trade Deficit Jun 6: Jobless Claims Jun 7: Unemployment Jun 7: Wholesale Inventories Jun 7: Consumer Credit [Read Our Blog](=) Smart Traders Record Their Trades Option trading is like the game of golf. You can never be perfect at it, but you can always get better. As I like to say, “the one thing I cannot teach as an option trader is experience.” The obvious question, then, is how does one gain that experience. There are two ways, and one is obvious: by trading. The other is by reviewing your trades, and the best way to do that is to record them. Record Your Trades The first thing an option trader needs to do is screen capture the trade at the moment of entry. This includes the stock chart, option chain and maybe even the IV (implied [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 – I cannot take this ETF off our trade list because it does so well. Additional 0-DTE trades and more vertical credits will be identified. PEP – After a big drop to its 200-day moving average, the stock surged higher triggering a bullish reversal. Look for bull call spreads to be modeled out. AMZN – The stock moved lower last week and closed below its 50-day moving average. Consider potential bear call spreads around that moving average. [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