MTM Options Trader Newsletter - Successful Option Trading Is Not Easy

[image]() [image] This Week in the Market As has been the case, the market did a lot of gyrating throughout the week, but when the dust settled there was very little movement. Implied volatility levels spiked as the market surged lower and because of the FOMC announcement but calmed down again as stocks rallied to close out the week on Friday. A non-bearish outlook continues to be the way to go as support levels have bended at times but have not been broken recently. IV skews barring a selloff should be less prevalent this coming week. As far as economic reports go, this week should be much less hectic than last week. PPI and CPI numbers are expected, and as of this writing only one Federal Reserve member is slated to speak and that will be on Tuesday. Quarterly earnings are starting to slow with a bulk of companies having released their numbers already. However, many retailers have yet to report. Have a healthy, happy and prosperous week ahead! May 8: Wholesale Inventories May 10: Consumer Price Index May 11: Jobless Claims May 11: Producer Price Index May 12: Import Price Index May 12: Consumer Sentiment [Read Our Blog]() Successful Option Trading Is Not Easy As a young retail option trader, one of the first things I did was buy an options program called “Options Made Easy.” Some of you may remember it from back in the day. It had three sets of red, yellow and green lights to guide you as an option trader. On the surface, it seemed easy. But in reality, option trading is far from easy. It Takes Work It takes a lot of work and patience to be a profitable option trader. Getting started by [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely consider in group coaching this week: SPY – Vertical credit spreads around support and resistance levels have done well, so why stop now? We won’t! BA – With potential support just below where the stock is trading, it only makes sense to look at bull put spreads this week. SBUX – After gapping lower on earnings, the stock reversed higher at its 50-day moving average. Potential bull call spreads will be explored this coming 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