MTM Options Trader Newsletter - Your Trading Business

[image]() [image] This Week in the Market It was a relatively quiet week with lots of wiggling and jiggling, but when the dust settled there was not much movement. Substantially more quarterly earnings will be released this week with several stocks gapping higher or lower. The three major indexes are still trading well above their 50- and 200-day moving averages, so a non-bearish outlook on the market makes sense. Implied volatility levels in general continue to flatline or decrease. As mentioned above, quarterly earnings will accelerate over the next few weeks. META, GOOGL, AMZN and MSFT are just a few expected to announce this week, and clearly those are some big names. In addition, there are several economic reports expected this week, including the latest update to GDP and a couple of consumer numbers. As always, check and confirm the expected release of quarterly earnings before taking any trade. Have a healthy, happy and safe week ahead! Apr 25: New Home Sales Apr 25: Consumer Confidence Apr 26: Durable Goods Apr 26: Trade Balance Apr 27: Jobless Claims Apr 27: GDP Apr 27: Pending Home Sales Apr 28: Personal Income and Spending Apr 28: Consumer Sentiment [Read Our Blog]() Your Trading Business I was asked last week what a trader should look for in selecting an options broker. That really got me thinking about what a trader needs to trade. Here I’ll share my thoughts. Running Your Trading Business Think of your trading as a business. Then think of the different functions that business requires to perform profitably. In a business different functions are performed by different departments. You have: - Administration - Information Technology - Operations - Marketing [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY – After a little pullback last week, the ETF is setting up a potential buy setup. With IV levels low, long calls and bull call spreads will be explored with a bullish trigger. BA – After a gap lower over earnings, the stock was able to rally back to its 50-day moving average. A bullish call calendar did well last week, so more time spreads will be considered. BIDU – The stock closed weak below its 200-day moving average on Friday. Potential bear call and bear put spreads will be options this week. [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