MTM Options Trader Newsletter - Have You Written Your Trading Plan?

[image](=) [image] This Week in the Market Stocks slipped lower this holiday-shortened week, but not by much as buyers keep pushing them higher after gaps lower. The market is still resilient, although plenty of negative talk about it moving lower in the near future has resurfaced. That remains to be seen. Traders and investors should stay vigilant and focus on support levels that so far have held for the most part. Implied volatility levels have crept lower, although there are some skews out there this week especially on the SPY. We are back to a full week of trading, and it is packed with volatility events. There are Federal Reserve speakers every day except for Thursday, and multiple economic reports are due out this week, including the notes from the last Fed meeting on Wednesday afternoon. Adding to the mix, several banks are set to release their latest quarterly numbers late in the week. Have a healthy, safe and prosperous week of trading and investing! Apr 10: Wholesale Inventories Apr 12: Consumer Price Index Apr 12: Treasury Budget Apr 12: FOMC Minutes Apr 13: Producer Price Index Apr 13: Jobless Claims Apr 14: Retail Sales Apr 14: Import Price Index Apr 14: Industrial Production Apr 14: Business Inventories Apr 14: Consumer Sentiment [Read Our Blog](=) Have You Written Your Trading Plan? Stocks slipped lower this holiday-shortened week, but not by much as buyers keep pushing them higher after gaps lower. The market is still resilient, although plenty of negative talk about it moving lower in the near future has resurfaced. That remains to be seen. Traders and investors should stay vigilant and focus on support levels that so far have held for the most part. Implied volatility levels have crept lower, although there are some skews out there this week especially on the SPY. We are back to a full week of trading, and it is [Continue Reading ...]( MTM Watchlist Here are a few trade ideas we will look at in group coaching class this coming week: SPY – Another double calendar worked well last week, so why stop trading them? There are lots of potential volatility events this week, so more doubles will be warranted. AMZN – The stock closed between its 50- and 200-day moving averages. If the market holds, bull put spreads below the 50-day will be considered. CRM – After moving higher for several months, the stock just recently broke its uptrend. A bear call spread worked well last week and will be an option once again. [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