MTM Options Trader Newsletter - Get Friendly in Your Trading

[image]() [image] This Week in the Market The market made some additional strides higher this past week as the Federal Reserve kept rates the same but said several more hikes this year were not out of the question. Stocks seemed a little winded on Friday as profit taking ruled the day. Looking ahead to this week, it is hard to think bullish with the market extended to the upside, but how can you think bearish after the past several weeks? That said, the market is due for a little pullback at some point. A non-bearish outlook makes sense as implied volatility levels continue to decrease with the rise in stocks. It will be a short week for traders and investors as the market is closed on Monday in honor of Juneteenth. As far as economic reports go, the week will be rather slow with the brunt of them released on Thursday. Federal Reserve Chair Powell will testify in front of the House and Senate panels this week with a few other Fed talks scattered throughout the week. As you might have guessed, quarterly earnings are pretty much dead for now. Enjoy the day off, but remember it is also a good time to review those trading plans. Have a safe and healthy week! Jun 20: Housing Starts Jun 22: Jobless Claims Jun 22: Current Account Jun 22: Leading Economic Indicators [Read Our Blog](=) Get Friendly in Your Trading Trading can be a very lonely undertaking. As a retail trader, you may sometimes feel like you are on an island because you have to make all the decisions yourself. Obviously, there are good things about that too. You are your own boss…hooray! But this mentality feeds into why extracting money from the market can be so difficult. When you are on your own with trading, and with anything in life actually, the psychological aspects can rear their ugly head. There is a simple solution that cannot guarantee your success but can definitely help: Find a friend. That’s What Friends Are For These song lyrics ring true, and I don’t believe [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: GOOGL – Even though the stock has moved a little higher, it has not broken a neutral cycle. Additional bear call spreads and short iron condors will be explored at just above and below pivot levels. TSLA – The stock remains a bullish powerhouse, and bull call and bull put spreads have been money makers for us in the past. We’ll consider more this coming week. INTC – The stock is really extended to the upside and so far shows no signs of slowing down. Potential long straddles will be examined with lots of room to move higher or lower. [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