MTM Options Trader Newsletter - 3 Things Traders Who Know Everything Don’t Know

[image]() [image] This Week in the Market For the first time in a little while, the three major indexes are all trading above their 50-day and 200-day moving averages. The S&P 500 is bumping up against some potential resistance around the 4,100 level, although it has failed to move through that level a couple of times over the past month. A move through that resistance could make traders and investors question if the bear market is over. We will have to wait and see, but there is a lot going on this week that could change that thought process in a hurry. As the market keeps rising, or at least not falling, implied volatility levels and option prices continue to regress. If there were ever a week with a lot of volatility events, this is it. The bulk of quarterly earnings are set for release this week, including Apple, Meta, Alphabet and Amazon. If that weren’t enough, the latest FOMC announcement comes Wednesday with a quarter of a point hike expected at the time of this writing. The latest jobs report before the open on Friday is the cherry on top with several other reports sprinkled in for good measure. Take a deep breath, have a healthy and safe week, and good luck! Jan 31: Consumer Confidence Feb 1: JOLTS Feb 1: Construction Spending Feb 1: FOMC Feb 2: Jobless Claims Feb 2: Factory Orders Feb 3: Unemployment [Read Our Blog](=) 3 Things Traders Who Know Everything Don’t Know Have you ever met a trader who “knows everything”? Of course you have. Every now and then, you come across them on TikTok or YouTube. If you can’t already tell just from looking at them that they know everything there is about trading, don’t worry: They’ll tell you. Well, I’d like to share three things they (apparently) don’t know (and I bet there’s a good chance you know some of them already). [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will consider in group coaching class this week: SPY – You should not be surprised by this selection. More double calendars, especially with expected IV skews from the Fed meeting, will be modeled out. JPM – The stock had been on a huge run higher since earnings before the past couple of sessions. If a reversal and buy setup trigger, more bull call spreads will be looked at. BA – After a major run higher, the stock has taken a breather. More potential short iron condors will be explored if the stock continues to trade in its fairly tight range. [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 - 2023. 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