MTM Options Trader Newsletter - As Simple as Possible Is Not Always Simple

[image]( [image] This Week in the Market Although last week was another crazy one, when the dust settled and trading stopped the major indexes did not lose much ground overall based on all the gaps and intraday moves. That said, the big three are all well below their 50- and 200-day moving averages with the S&P 500 closest to touching the 200-day. The mighty 200-day can be a significant line in the sand so to speak, so if the indexes can get back above that level -- where they have traded for a long time until recently -- it would be a bullish sign. Implied volatility levels remain quite elevated even with the market leveling off a tad over the past few sessions. Quarterly earnings continue to roll with Amazon, Alphabet and Meta just a few of the well-known stocks expected to announce this week. After this week, the brunt of big-name stocks’ earnings reports will be in the books. As always, be cognizant and check for earnings before entering trades. There are several economic reports on the calendar too with the latest jobs report due out before the open on Friday. Have a safe, fantastic week, and may all your investments gap higher on earnings! Jan 31: Chicago PMI Feb 1: Construction Spending Feb 2: Home Ownership Feb 3: Jobless Claims Feb 3: Factory Orders Feb 4: Unemployment [Read Our Blog](=) As Simple as Possible Is Not Always Simple If you’ve been part of the Market Taker Family for a while, you’ve heard me say, “Keep your trades as simple as possible.” It’s sound advice. I stand by it. But… The simplest possible trade isn’t always a simple trade. I thought it would be fun to dissect a trade I made recently that was a little non-standard and, well, kind of interesting. Let’s dig in… Earnings Trade in AAPL In our Total Earnings Domination (TED) class on Thursday, our system triggered a trade in Apple Inc (AAPL). TED trades are typically time spreads. Our rules are to keep the time [Continue Reading ...]( MTM Watchlist Here are several trade ideas we will most certainly look at in group coaching class this week: TSLA – After getting beaten down by the market and earnings, this monster may be ready to move higher again. Bull put and bull call spreads will be outlined. AAPL – The stock gapped and traded higher on Friday after announcing. It closed right around its 50-day moving average. A move through that level could trigger additional long calls and bull call spreads. MARA – Cryptos still look weak, but that might change if the market rallies. Additional bear calls and bull puts will be considered until the downtrend is broken. [image] We're honored to have Dan's Book Trading Option Greeks listed as one of the [Top 6 Books to Become an Option Trader](=) by Investopedia. [Buy Now on Amazon]( 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