MTM Options Trader Newsletter - A Big Thing That Helped My Option Trading

[image]() [image] This Week in the Market It was a crazy week of trading with major indexes closing lower. Intraday moves were all over the place with the majority of them ending lower. This sets up another potentially volatile week as the Omicron variant continues to wreak havoc with stocks and the world. The market has been pretty resilient except for September’s sell-off, which has a chance of being duplicated if the market keeps sliding lower. The Dow is testing its 200-day moving average, and Nasdaq and the S&P 500 are still attempting to hold their 50-day moving averages. Implied volatility levels have shot up in relation to the added volatility with many bid/ask spreads turning wider than usual. A non-bearish bias may make sense until some critical resistance levels are retaken. With the November jobs report behind us, market participants will have fewer economic numbers to digest this week. However, there are several consumer-related reports to keep an eye on. That might not make a difference, though, as the Omicron variant may override other variables. Quarterly earnings remain slow, but there are a couple of retailers to consider. More than a few traders may be watching GameStop, which is expected to release its latest numbers on Wednesday. As always, there is no shame in sitting on your hands at times. Have a safe, healthy and positive holiday weekend! Dec 7: Trade Deficit Dec 7: Productivity and Labor Dec 7: Consumer Credit Dec 8: JOLTS Dec 9: Jobless Claims Dec 9: Wholesale Inventories Dec 10: Consumer Price Index Dec 10: Federal Budget [Read Our Blog](=) A Big Thing That Helped My Option Trading If you have traded, and traded options specifically, you know how difficult it can be. You have probably heard statistics about how most traders never make money on a consistent basis. It can be a daunting task, for sure. Many option traders who have not been able to make money consistently come up with a lot of excuses as to why. They might blame the market, their broker or their system, just to name a few. But the real issue is right there in the mirror. [Continue Reading ...](=) MTM Watchlist Here are several trade ideas we will look at in group coaching class this week: AAPL – Despite the recent sell-off, this stock has held its own. With IV elevated, bull put spreads around the $155 or $160 level will be considered. PTON – The stock has appeared weak and held a bearish base for more than a week. Look for potential bear call and bear puts spreads with a lower start to the week. TSLA – If the market does not drop profoundly lower, potential support at $1,000 should hold which in turn could ignite bull call spreads. [image] Expand Your Options Knowledge The more you learn, the more you earn. Any seasoned trader knows truer words were never spoken. Read up on Put-Call Parity and Synthetics in this excerpt from Dan's top-selling book Trading Option Greeks. [Read Now](=) 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 calling (888) OPTIONS; 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 - 2021. 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