MTM Options Trader Newsletter - Take Nothing for Granted When Trading Options

[image]() [image] This Week in the Market The market continues to hold its own despite plenty of negative talk about the economy, financial institutions and our foreign relationships. Those stocks can be resilient little buggers! The Nasdaq easily outperformed the two other main indexes as the Dow and S&P 500 closed below their 200-day moving averages once again. Because of the resiliency of stocks, a long-term non-bearish bias seems to make sense until major support levels have been violated. Implied volatility levels have risen, and IV skews are abundant for longtime spread option traders. Speaking of IV skews, there will be an extraordinary amount of them over the next few expirations because of the FOMC announcement coming Wednesday afternoon. Currently, the odds are the Federal Reserve will boost the rate 25 basis points, but no rate hike is still a possibility. As always, the language of the Fed will be dissected with expected volatility coming afterward. Remember, cash is always a position, and many times it’s the best one to be in. Have a safe, healthy and spirited week! Mar 21: Existing Home Sales Mar 22: FOMC Mar 23: Jobless Claims Mar 23: Current Account Mar 23: New Home Sales Mar 24: Durable Goods [Read Our Blog]( Take Nothing for Granted When Trading Options As market volatility continues, here is a quick reminder to be cognizant about removing risk. If you know me, you have probably heard me say (at least a thousand times) to think of yourself as a risk manager first. But many times we take that for granted, especially when it comes to options. Let me explain. What’s the Use? The way the market has been behaving lately, [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will look at in group coaching class this coming week: IWM – A very nice double calendar on the ETF this past week warrants another look, especially with the FOMC on Wednesday. AAPL – Here is another trade idea that worked out well this past week and is worth a second look: a long calendar around the 200-day moving average. TSLA – The stock continues to hold its own, so short iron condors and vertical credits will once again be explored. [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