MTM Options Trader Newsletter - It's Like Wordle, Only Better

[image](=) [image] This Week in the Market If you were in the camp that could not understand why the market wasn’t selling off in a bigger fashion, your thoughts were confirmed, at least for a couple of days, as the market plummeted to close out last week. All three of the major indexes closed below their 50-day and 200-day moving averages with Nasdaq taking the biggest hit. With the bearish move last week, a non-bullish bias makes sense until the markets regain their moving averages. That said, the markets may be a tad extended to the downside, so a bounce next week would not be out of the question. Naturally, implied volatility levels and option prices have increased, and bid/ask spreads have widened as well. The earnings announcements continue to roll with more big-name stocks expected this week, including Apple, Meta Platforms, Alphabet, Microsoft and Amazon. Several economic reports are also on tap, including the latest GDP update and a couple of consumer numbers. The Ukraine invasion has intensified with seemingly no end in sight at present, which only adds to the market volatility. As always, better to be out of the market wishing you were in than in the market wishing you were out. Have a healthy, safe and enjoyable weekend! Apr 26: Durable Goods Apr 26: Consumer Confidence Apr 26: New Home Sales Apr 27: International Trade Apr 27: Pending Home Sales Apr 28: Jobless Claims Apr 28: GDP Apr 29: Personal Income and Spending [Read Our Blog]( It's Like Wordle, Only Better Routine is important. Admittedly, I don’t always have the strictest regimen by any means (I’m working on it, OK?). But one thing I do religiously is my daily Wordle. If you’re not familiar with this little cultural phenomenon, Wordle is the latest wordy brain game that seemingly everyone and their brother plays. (Which is why The New York Times bought it from its creator for something along the lines of seven figures. #cha-ching!) As you get older, it’s good to keep your mind working. So, I play Wordle every day. It just takes a few minutes, and I guess it gets my mind working in the morning. But really I play it [Continue Reading ...](=) MTM Watchlist Here are several trade ideas we will most likely be watching in group coaching class this week: SPY – After a brutal sell-off to end the week, a bounce higher might be in the ETF’s future. Potential bull put spreads will be looked at especially with IV elevated. TSLA – The stock gapped up after earnings but moved lower the rest of the session and traded flat on Friday. A move higher over some potential resistance around $1,030 could trigger some bull call spreads. ZM – The stock continues to slide lower and its next target may be its next pivot level at $95. Additional bear put spreads will be considered. [image] Dominate the Market This Earnings Season Are you ready to learn to spot bankable earnings trades, set them up with our easy-to-follow process and know exactly when to take them off to maximize your returns? Imagine... - No more missing out on $1,000s of revenue - No more sleepless nights worrying about "what you could have done" - No more grasping at straws, "trying stuff" to see what works If you want to finally have control, even in the craziest markets, this is the first step! You'll have everything you need and be fully supported throughout this program to take advantage of this complete Earnings Trading training package. Join today and get the Total Earnings Domination package for 93% off the regular price! [Start Now](=) Last chance! This offer expires at 12 p.m. Central, Monday, April 25. 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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