Market Rundown: Some big names took the stage this week

[image] Hey MTM Fam, Dan here with a weekly rundown of the market and some of the plays we looked at this week inside our [live training sessions.]( There was a lot of choppiness in the markets this week starting right off the bat on Monday, but hopefully you still prevailed. Let's take a look at the week and see how things went. We had a sloppy start to the week as stocks gapped higher and then moved lower throughout class. A couple of popular big-name stocks took centerstage including NFLX, TSLA & AAPL to name just a few. TSLA continued to move higher this week making it possible to look at placing a bull put for a credit of .50. We saw AAPL continuing to look weak with a potential resistance at $145 and a bear call credit of .24 was considered.. The Dow was down Wednesday, but Nasdaq was climbing higher. We went through trades from Tuesday that were doing well and talked about moving mental stops higher to potentially remove risk. We also looked at another bull put spread on AMZN with great potential support at $3,200 still there. We looked at Oct-22 3165/3175 for a credit of 1.50. On Thursday the market gapped up big to start which made it difficult to navigate with the extended market. Several earnings scenarios were looked at for investors using options. An AMC long call was looked at for 0.78 after heavy buying call buying was noticed. With two potential resistance levels (50-day and 200-day moving averages) above AMZN, a bear call for a credit of 1.40 was modeled out. We wrapped up the week by going over a couple of trade ideas from earlier in the week including those big-name stocks that took center stage, taking them to the bank. TSLA bull call spread was trading close to max profit which was 5.70 ($570) on 4.30 risk. NFLX iron condor for a credit of 1.50 looked like it would expire worthless for a $150 gain. BABA bear call for a credit of 0.42 looked like it would be the same for a profit of $42. Despite all the rocking and rolling of the markets this week, I’d say that there were some quality moves modeled out and for many they were executed. This is just a fraction of the opportunities that our students have a chance to see play out every day and take their own action on. If you’re wanting what feels like live alerts coming to you from an elite trading veteran every day… [Then click here and get access to the MTM Group Coaching trial for just 99 Cents for your first 30 days!]( You get to dive into the markets live Monday through Friday with our team of coaches and test drive this opportunity for LESS THAN ONE DOLLAR. It would take 5X that just to pay for a cup of coffee. Would you spare $1 for over 20 hours every month to navigate the markets with your own trading veteran? Join us, we start again fresh this Monday! [I WANT A COACH]() [Profile Image] Dan Passarelli Market Taker Mentoring dan@markettaker.com (779) 324-2110 - Work Any trading strategies discussed in this email are for educational and informative purposes only. All information disclosed in this email 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 calling (888) OPTIONS; or from The Options Clearing Corp., 125 S. Franklin St., Suite 1200, Chicago, IL 60606. No statement 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. Market Taker Mentoring makes no guarantees of trading results. Results may vary. Past performance does not indicate future results. Copyright Market Taker Mentoring, Inc. 2008 - 2020. All rights reserved. Reproducing or redistributing this content is a violation of federal law. [Unsubscribe]( Market Taker Mentoring, Inc. PO Box 117 Frankfort, Illinois 60423 United States