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

[image](=) [image] This Week in the Market The major averages were able to hold their own again last week as the S&P 500 traded in a narrow range. Looking ahead to this week, not much has changed with the three major indexes trading between their 50-day and 200-day moving averages. Speaking of not changing, the confrontation in Ukraine continues without any resolution and inflation concerns persist. The market will eventually break out of its tight range with better odds that it keeps moving higher if the past several weeks are any indication. Because of the market holding its own at least for now, a non-bearish bias seems to be warranted as implied volatility levels continue to wane. Quarterly earnings are starting to slow, but by no means are they over. There are still a few well-known companies expected to announce in August. As far as economic reports go this week, there are several, including the latest CPI and PPI figures. At the time of this writing, there were no expected talks this week by any Federal Reserve members. Remember, always know what you will do, no matter what happens, before entering any trade. Have a healthy, safe and extra prosperous week! Aug 9: Productivity and Labor Aug 10: Consumer Price Index Aug 10: Wholesale Inventories Aug 10: Federal Budget Aug 11: Jobless Claims Aug 11: Producer Price Index Aug 12: Import Price Index [Read Our Blog]( Option Trades for a Non-Bullish Outlook Several weeks ago, I looked at option trades for a non-bearish outlook. In this blog, we will look at some non-bullish options so to speak. To [recap from my previous post](), 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 fully 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-bearish is just the opposite as we previously discussed.) Let’s look at non-bullish specifically. [Continue Reading ...]() MTM Watchlist Here are a few trade ideas we will be taking a look at in group coaching class this coming week: SPY – Bull put spreads have been a go-to trade in class at and below potential support levels. With the market holding its own, more will be considered. GLD – The price of gold has shot up recently, but the ETF just reversed lower off its 50-day moving average. Potential bear call spreads around that level may be explored. NFLX – We have been watching this stock like a hawk in class, selling iron condors and bull put spreads. A move over the $230 level would trigger some potential bull call spreads. [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