MTM Options Trader Newsletter - Who Are Traders?

[image](=) [image] This Week in the Market Stocks traded fairly sideways till Friday’s action pushed them to much lower levels for the week with the three major indexes all closing below their 200-day moving averages again. This coming week the market will try again to dig out of that moving average hole and move higher. With chances increasing that the Federal Reserve may boost rates 50 basis points soon, and at the time of this writing concerns that Russia will move into Ukraine, it may be tough sledding ahead for bullish traders. That said, the market has been resilient in the past, so a move higher would not and should never be out of the question. Implied volatility levels and option prices took a pretty good spike higher on Friday on concerns Russia may have already started its invasion. Earnings calls continue to slow, but there are several big-name companies expected to announce this week, including Alibaba, Baidu and NVDIA. As far as economic reports go, several are on tap, including the notes from the Fed’s last meeting. It’s unclear whether there will be any more insight to how the Fed is leaning before the next meeting, but it might be worthwhile to keep an eye on the market Wednesday afternoon. Better to be out of the market wishing you were in than in wishing you were out. Have a happy, healthy and prosperous week! Feb 15: Producer Price Index Feb 16: Retail Sales Feb 16: Import Price Index Feb 16: Business Inventories Feb 16: FOMC Minutes Feb 17: Jobless Claims Feb 17: Housing Starts Feb 18: Existing Home Sales Feb 18: Leading Economic Indicators [Read Our Blog](=) Who Are Traders? I like writing. I like giving options training presentations. I like talking to traders. I think what I like most about it is the connection. This kindred spirit connection we traders all have. And I was thinking about this last night. Well, this morning, I guess. (I was actually thinking about this around 4 am and couldn’t sleep.) Because, if I’m communicating with my fellow traders, and want to do the most good I can for the trading community, I need to really deeply understand the answer to… Who Are Traders? Option Trader Demographics In the 29 years I’ve enjoyed being part of this industry, I’ve seen lots of formal studies, as well as anecdotal trader statistics. The one most thrown around (in both circles) goes [Continue Reading ...](=) MTM Watchlist Here are several trade ideas we will be considering in group coaching class this coming week: GLD – With gold spiking higher on Friday and just over a resistance level, potential bear call and bear put spreads will be explored. SPY – The market moved precipitously lower on Friday, and the $430 level has acted as support several times for the ETF. Potential bull put spreads will be examined. DIS – After gapping higher on earnings and then moving lower on Thursday and Friday, the stock is currently sitting at its 50-day moving average. A move higher on Monday could trigger consideration for bull call spreads. [image] MTM Options Training Retreat This is the 3-Day In-Person Training Session where you'll gain new skills and techniques, greater confidence, and a solid plan to help you be a more consistent trader. Have you signed up yet? If not, don't worry. We had a few folks who needed to check with a family member or their boss first, so we extended our Super Early Bird Special by 1 week. You can still join us in Sonoma for just $997! Sign up today! Offer ends Monday, Feb. 14, at midnight Central. [Grab Your EARLY BIRD Ticket 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 - 2022. All rights reserved. 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