MTM Options Trader Newsletter - A Call Credit Spread on AMZN

[image]() [image] This Week in the Market The market maintained its volatile personality with intraday moves that could make a day trader smile and give a swing trader a migraine. Since the beginning of December, the S&P 500 has found support from an upward sloping trendline that is currently located right around where the index closed on Friday. As in the past, the better odds dictate the index should hold that level and move higher (non-bearish), but we will have to see. Growth stocks along with Nasdaq continue to lose more ground than the Dow and S&P 500. Implied volatility levels spiked up a tad but generally remain fairly low. Speaking of volatility, quarterly earnings will further accelerate this week with NFLX the marquee name announcing this week. As always, check the expected earnings date before taking any trade. Stocks take a breather on Monday as the markets are closed in observance of Martin Luther King Jr. I am sure more than a few of you could use a breather as well. There are a few economic reports expected this week, including several housing reports, which could give an indication of how the economy is doing. Enjoy some time off and have a healthy and prosperous week! Jan 19: Housing Starts Jan 20: Jobless Claims Jan 20: Existing Home Sales Jan 21: Leading Economic Indicators [Read Our Blog](=) Lessons Learned for 2023 Yes. I know. But it’s not a typo. As of this year, I’ve been in options for 29 years. And do you know what my objective is for 2022? It’s to get better at trading. You’d think I’d be over that, seeing as it’s been my objective every year for, well, 29 years. But I’m not. Once you get to the point you think you know everything you’ve won lost. One of my favorite quotes of all time is by a scholar and gentleman (and a guy who looked great in a toga) by the name of Socrates, and it goes something like this, “The only thing I know, is I know nothing.” [Continue Reading ...]() MTM Watchlist Here are several trade ideas we may be watching in group coaching class this week: JPM – After getting hammered lower following earnings last week, the stock may be oversold. There is some potential support from previous pivot levels at $155, which may make bull put spreads an inviting possibility. NVDA – The stock has been in a downtrend since the beginning of December. With earnings still a month away, more bear call spreads will be explored. SPY – The S&P 500 ETF has been resilient moving down to some support from an upward trendline and then rallying off it. More potential bull put spreads will be considered if that trend continues. [image] Every year, the traders in Dan's pit held a contest to guess the price the S&P500 would close on Dec. 31. Well, we want to know your answer for 2022! Click the link below to join in the fun. Prizes will be awarded to the three closest guesses. [What's Your Guess?]( 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 - 2022. 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