MTM Options Trader Newsletter - Get to Know Your Options Trading Platforms

[image]() [image] This Week in the Market With Monday’s bearish session too much for bulls to overcome, the indexes again closed lower than the previous week. Heading into this week, nothing has really changed from a technical perspective. The major indexes are all trading well below their 50- and 200-day moving averages. A continued non-bullish bias needs to be respected until some resistance levels have been broken, starting with the 4,300 level for the S&P 500. Implied volatility levels have eased a bit, although the market has not been able to push any higher over the past couple of weeks. It is Fed week as the Federal Reserve is set to gather on Tuesday and announce if there will be a rate hike on Wednesday. A month earlier, it looked as if it might have been a tossup whether members were going to add 25 or 50 basis points. But since then, the odds have been heavily on the side of a 25-basis-point hike. In addition, several economic reports are expected, including a couple of housing reports and the latest retail sales figure. Quarterly earnings remain slow. Be careful on Wednesday with the Fed announcement, and have a safe, happy and healthy week! Mar 15: Producer Price Index Mar 16: Retail Sales Mar 16: FOMC Announcement Mar 17: Jobless Claims Mar 17: Housing Starts Mar 18: Existing Home Sales Mar 18: Leading Economic Indicators [Read Our Blog]( Get to Know Your Options Trading Platforms “I’m a carpenter but I don’t know how to use any of my tools.” … Said no one, ever. If you work in any field, knowing how to use the tools of your trade is, legit, one of the most important things you can put your efforts toward. It goes the same for trading. Options Trading Platforms Options trading platforms can be complicated. Some are not entirely intuitive. Some require work-a-rounds to get the info you need. Some [Continue Reading ...]( MTM Watchlist Here are some trade ideas we may look at in group coaching class this week: IWM – With the ETF trading in a channel, additional short iron condors will be considered around levels of support and resistance. XOM – Oil stocks have taken a breather, but they may be ready to make another charge higher. Potential bull call spreads will be explored with a bullish opening to the week. BA – Like most stocks, BA has been on the weak side of things. Bear call spreads will be examined at the $185 or even more cautious $190 level. [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