MTM Options Trader Newsletter - Option Management Is Key

[image](=) [image] This Week in the Market It was another bullish week as the major indexes all closed higher but still below their 200-day moving averages. Ever so slowly they are getting closer to reaching that potential resistance level with the Dow being the closest currently. The CBOE Volatility Index (VIX) has kept moving lower with this surge higher and is trading at levels not seen since April. The next stop could be levels last seen at the beginning of the year. There is still rampant talk about inflation with practically no one agreeing on what the future looks like and if early efforts to curb it are working. Only time will tell, but a non-bearish outlook should still be considered on the overall market. Quarterly earnings remain slow, but many retailers are expected to announce in the coming weeks. It is a fairly heavy week as far as economic reports go including the latest retail sales figure and a couple of housing reports. The next FOMC meeting is still about five weeks out. Have a safe, healthy and fun week, and do not forget to take some time off when needed! Aug 15: Empire State Manufacturing Index Aug 16: Housing Starts Aug 16: Industrial Production Aug 17: Retail Sales Aug 17: Business Inventories Aug 18: Jobless Claims Aug 18: Existing Home Sales Aug 18: Leading Economic Indicators [Read Our Blog](=) Option Management Is Key Consider this a friendly reminder about managing your option trades. With the craziness and the volatility of the market over the past few months, I have gotten multiple questions during MTM’s group coaching class and especially through email about managing trades. For the most part, the trades in question are losing ones. I always tell these traders the same thing: Know exactly what you will do, no matter what happens, before entering any trade. What I mean by that is to have every conceptual twist and turn... [Continue Reading ...]( MTM Watchlist Here are a few trade ideas we may look at in group coaching class this coming week: SPY – If it’s not broken, don’t fix it. We have been modeling out bull put spreads at various potential support levels, and the trades have worked beautifully. Why stop now? AMZN – Despite the market moving higher, AMZN has been chopping around below its 200-day moving average. Additional bear call spreads will be explored after successfully executing them in class last week. BABA – The stock has been trading in a fairly tight range over the past several sessions. Iron condors may be considered with a quiet open on Monday. [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