MTM Options Trader Newsletter - Take a Trading Break for the Holidays

[image]() [image] This Week in the Market The market is still giving many traders and investors heart palpitations as volatility kept up before and after last week’s FOMC announcement. Stocks sank after gapping higher on Tuesday at the open with the S&P 500 closing below its 50-day moving average again. However, the Dow was still able to close above its 50-day and 200-day moving averages. A non-bullish bias on the overall market seems to make sense after the drop this past week, but that can change in a hurry, as we have seen. Implied volatility levels moved higher but remain relatively low with not as any IV skews between expirations as there were the previous week. This week will most likely not match last week as far as volatility and economic announcements that can move the market, but the latest update to the GDP and a couple of consumer reports are expected. Market volume should begin to taper off as we move closer to Christmas next weekend. Have a safe, healthy and prosperous week, and Happy Holidays to all! Dec 20: Housing Starts Dec 21: Current Account Deficit Dec 21: Consumer Confidence Dec 21: Existing Home Sales Dec 22: Jobless Claims Dec 22: GDP Dec 22: Leading Economic Indicators Dec 22: Consumer Income and Spending Dec 22: Durable Goods Dec 22: New Home Sales [Read Our Blog](=) Take a Trading Break for the Holidays The holidays are crazy for most people, and some might say the market is crazy right now as well. Whether or not you think the latter is true, the one thing that is for sure is you sometimes need to take a break from trading. The holidays are a perfect time. I have written several posts at various times of year on the importance of taking time off as a trader or investor. Trading can be very stressful, and anything we do in life that is stressful cannot be sustained in a proper way without time away. In addition, time off gives traders and investors a chance to review [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY – Double calendars did extremely well again with one returning well over 300%. Why look elsewhere? More doubles and more vertical credits will be explored. META – The stock continues to trade in a relatively tight channel. Short iron condors around potential support and resistance levels and long calendars will be considered. TSLA – We did several bear call spreads on the stock as it moved lower this past week. It may be ready for an additional move lower, and bear put spreads will be a likely option. [image]( 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 emailing investorservices@theocc.com; 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