MTM Options Trader Newsletter - Option Trades for a Non-Bearish Outlook

[image](=) [image] This Week in the Market The market seems to like short weeks of trading as stocks moved considerably higher again last week, much like they did after the Juneteenth holiday. Several levels of resistance were broken by the three major indexes with Nasdaq coming close to its 50-day moving average. Is the bottom in despite many still looking for a recession, or will doubts remain and take the market lower? For now, the downtrend has been broken and this week may prove to be the deciding factor as to whether buyers keep showing up. Implied volatility levels and option prices have continued to drop over the past few weeks. They fell even more this past week. The next round of earnings quietly begins this week as several financial institutions are expected to release their numbers toward the end of the week. The reaction to these releases may play a big role in determining whether the market bottom is in as well. In addition, several economic reports are due out this week, including the latest retail sales number and CPI and PPI. At the time of this writing, no Fed members were expected to give any speeches this week. Have a healthy, safe and profitable week! Jul 13: Consumer Price Index Jul 13: Beige Book Jul 14: Producer Price Index Jul 14: Jobless Claims Jul 15: Retail Sales Jul 15: Import Price Index Jul 15: Industrial Production Jul 15: Business Inventories [Read Our Blog]() Option Trades for a Non-Bearish Outlook I often break down the market or individual equities into five separate categories: bullish, bearish, neutral, non-bullish and non-bearish. The first three are most likely understandable, but non-bullish and non-bearish might need a little explanation. To me, non-bullish is when you are fully bearish on the market or individual equity but believe resistance levels will hold if tested. Non-bullish is just the opposite. You are not exactly bullish but believe support levels will hold if tested. Let’s take a closer look at non-bearish specifically. Non-Bearish Generally, when the market and stocks are... [Continue Reading ...]() MTM Watchlist Here are a few trade ideas we may consider in group coaching class this week: NVDA – Despite last week’s rally, NVDA remains in a downtrend with potential resistance being a downward sloping trendline. Potential bear call spreads around that level will be looked at. AAPL – After a big move over the past several sessions, the stock may take a breather. But a strong close through its 50-day moving average is a potentially bullish sign. More bull call spreads will be explored this week. GLD – Gold has taken a big drop over the past several weeks. Either long straddles or additional bear put spreads will be examined. [image]( We're honored to have Dan's Book Trading Option Greeks listed as one of the [Best Options Trading Books]() by New Trader U. [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