MTM Options Trader Newsletter - Stressing Out as an Option Trader?

[image]() [image] This Week in the Market It was a fairly quiet week as far as the S&P 500 goes. The index traded sideways for most of the week holding a bullish base after gapping higher the previous week. On Friday, the market gapped higher again but struggled to hold the highs. Nonetheless, it did manage to hold its own. Looking ahead to this week, the S&P 500 is sitting just above that base, which is a bullish sign. Based on that premise, a non-bearish bias on the overall market makes sense until proven otherwise. Implied volatility, as you might guess, continues to wane with the mostly steady market. IV levels will be raised at least a tad this week, however, as the Federal Reserve holds another meeting with a rate announcement coming Wednesday afternoon. The consensus at the time of this writing (about 75%) is that the Fed will keep rates where they are for the time being. In addition, several other economic reports are expected, especially later in the week. Remember to consider removing risk as volatility events approach. Have a healthy, safe and prosperous week! Jun 13: Consumer Price Index Jun 14: Producer Price Index Jun 14: FOMC Jun 15: Jobless Claims Jun 15: Retail Sales Jun 15: Import Price Index Jun 15: Industrial Production Jun 15: Business Inventories Jun 16: Consumer Sentiment [Read Our Blog](=) Stressing Out as an Option Trader? Have you ever heard that stressing out is not good? Of course, you have! There are numerous emotional and physical disorders that have been linked to stress, including depression, strokes and heart attacks to name a few. While stress can be a motivator, it can obviously also be very harmful. It’s important to recognize the stressful nature of trading and consider things you can do to avoid unnecessary stress. Let’s take a look at a few stress-relieving measures you can use as a trader. Do Not Trade The first is the easiest of them all. When there [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: IWM – We implemented a killer double calendar on the ETF last week and will be looking for another selling Friday’s expiration and buying Tuesday the following week. TSLA – The stock has absolutely been on fire to the upside even gapping higher on Friday. Additional bull call spreads will be considered this week as well. HD – The 200-day moving average has acted as a beautiful resistance level keeping the stock at bay and allowing bear call spreads above that level to profit. More bear calls will be considered again this week too. [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