MTM Options Trader Newsletter | Not Trading Is Always an Option

[image]() [image] This Week in the Market The S&P 500 and Nasdaq hit all-time highs as buyers continued to push stocks higher. The Dow struggled in comparison but was still able to post a gain for the week, closing just above its 50-day moving average. The big news this week could be the completion of the 10 for 1 NVIDIA stock split. Excitement over that stock has fueled buyers the past several weeks. As has been the case, a bullish to non-bearish outlook on the market seems warranted with the indexes continuing to hold their own or push higher. Implied volatility and option prices remain relatively low. This week brings another FOMC announcement to the forefront. No rate move is expected, but there should be plenty of talk about what the Federal Reserve will do going forward. Recently, members have discussed dropping rates but not as quickly as earlier forecast. An update on their current stance may trigger some volatility. There are several other numbers expected beginning Wednesday. Quarterly earnings continue to trickle in but are slow overall. Have a safe, healthy and prosperous week! Jun 12: Consumer Price Index Jun 12: FOMC Jun 12: Federal Budget Jun 13: Jobless Claims Jun 13: Producer Price Index Jun 14: Import Price Index Jun 14: Consumer Sentiment [Read Our Blog](=) Not Trading Is Always an Option If you have been monitoring the market over the past several months, you have seen lots of volatility without much implied volatility. That is not a good combo. Not only has there been a lot of slop and chop, as I like to call it, but we’ve also seen many moves that have been extended both ways. In addition, it is anyone’s guess how the market will open the next day to economic reports, Fed talks or quarterly earnings. What is a trader to do? Navigating Tough Conditions I have worked with hundreds of option traders and investors at different stages of their [Continue Reading …](=) MTM Watchlist Here are a few trade ideas we will most likely look at this week in MTM’s group coaching class: SPY – With the FOMC looming, you can bet calendars and double calendars will be discussed extensively. NVDA – After splitting, this stock will be on more people’s watch lists, including ours. Vertical debit and credit spreads will be modeled out. AAPL– If the stock can get above some potential resistance around $196, it may have a chance to run higher. Potential bull call and directional call calendars will 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