MTM Options Trader Newsletter - Double Calendars Still the Ticket

[image](=) [image] This Week in the Market The market continued its bullish surge as all the major indexes closed higher with Nasdaq leading the way. The FOMC announcement and several big-name stocks provided plenty of volatility throughout the week, but buyers did not shy away. The S&P 500 has room to run higher if it can get through some resistance around the 4,810 area. In and around that level has acted as support and resistance several times over the past year. A bullish to non-bearish outlook seems warranted on the over market with this continued move higher. Implied volatility levels are still waning. Expected volatility events are much lower compared with last week. But who knows? Something can always pop up unexpectedly. That said, expected economic reports are fairly slow this week. As far as quarterly earnings, there are plenty yet to come, but a majority of the real big-name stocks have already released their numbers. As always, remember to check and confirm the earnings date before taking any trade. Have a happy, healthy and prosperous week ahead! Feb 7: International Trade Feb 7: Consumer Credit Feb 8: Wholesale Inventories Feb 9: Jobless Claims Feb 10: Federal Budget [Read Our Blog](=) Double Calendars Still the Ticket If you have been in MTM’s Group Coaching class over the past several months, you have seen me model out several long double calendars…mostly on the SPY but on various other stocks and ETFs too. Some have done better than others, but overall double calendars have been profitable more often than not. The times they have worked best have been during volatile events. FOMC’s Expected Rate Hike Just recently, there was another rate hike expected to be announced on Wednesday afternoon. In class on Tuesday, we looked at a [Continue Reading ...]( MTM Watchlist Here are a few trade ideas we will consider in group coaching class this coming week: SPY – Calendars, double calendars and credit spreads are still doing extremely well. We’ll look at more this week too. AAPL – After moving higher on Thursday and Friday, the stock is now trading above its 200-day moving average. Potential bull put spreads around the moving average will be explored. PG – The stock has been trading relatively sideways and below its 200-day moving average. Additional bear call spreads will be modeled out. [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