MTM Options Trader Newsletter - Fighting for a Piece of Cloth

[image]() [image] This Week in the Market It was yet another volatile week, but buyers once again kept the indexes from moving lower. The market still looks resilient in the face of adversity even with concerns of rising rates, inflation and a potential recession looming. The three major indexes continue to reside below their 50-day and 200-day moving averages but have broken some downtrends that have kept them at bay. Implied volatility levels keep sliding lower as optimism remains in place. Consider a neutral to non-bearish outlook on the market provided support levels previously viewed as resistance remain in place. Quarterly earnings will continue to stream in this week with many eyes focused on TSLA and NFLX just to name a few. It’s a slower week as far as economic reports go, but there are several housing numbers expected to be released possibly showing the housing market is cooling down. At the time of this writing, there were no scheduled talks by any Federal Reserve members. Have a healthy, safe and prosperous week, and do not force any trades if you don’t see an advantage. Jul 18: NAHB Index Jul 19: Housing Starts Jul 20: Existing Home Sales Jul 21: Jobless Claims Jul 21: Philadelphia Fed Index Jul 21: Leading Economic Indicators Jul 22: S&P Manufacturing and Services PMI [Read Our Blog]( Fighting for a Piece of Cloth Kathleen, the kids and I recently returned from a really wonderful trip to Italy that we’ve been planning for years. We had a lot of great food. Saw a lot of cool stuff. But the coolest thing I did while I was there was attending what is known as “Il Palio.” If you’ve never heard of this event, it’s a horse race that takes place in the main piazza in Siena every year. And let me tell you… It’s an EVENT. [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we may be talking about in group coaching class this week: SPY – In light of ongoing market resilience, more bull put spreads and iron condors will be modeled out. MSFT – With the stock still in a downtrend, potential bear call spreads for this week’s expiration around the $262.50 level will be considered. DIS – The stock has drifted down to some major potential support around the $90 area. Potential bull call spreads or strangles will be given another look. [image] Veteran Trader Shares His Proprietary Earnings Trading System With You! Learn a year-round, low-risk opportunity that limits your market risk. This Earnings Trading Strategy allows you to: - Gain more confidence in your trades (less worry every day) - Trade "market indifferent" so no matter where the market is headed, you can still log some wins - Minimize your trading risk (SO IMPORTANT!) - And make earnings one of your MOST consistent trades! If that sounds like it would help you in your trading, register now for this upcoming training! [Register 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. 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