MTM Options Trader Newsletter - Structuring Your Option Trading Day

[image]() [image] This Week in the Market After moving higher the previous few weeks, the market tried to keep its momentum but fell flat toward the end of this week. Despite the pullback Thursday and Friday, a non-bearish outlook might still be in the cards. Even with some arguably bearish employment data, stocks were pretty resilient. If implied volatility levels are any indication, the market may hold up. Many IV levels on the SPY (S&P 500 ETF) remain in the single digits. Selling premium continues to be tough sledding. It is a pretty heavy week as far as economic reports go with a couple of inflation numbers slated for release this week. There are several Federal Reserve speakers on the schedule too, with three expected to talk on Monday alone. Quarterly earnings are slow right now, but the next round is expected in only a couple of weeks. Have a safe, healthy and prosperous week! Jul 10: Wholesale Inventories Jul 10: Consumer Credit Jul 12: Consumer Price Index Jul 12: Beige Book Jul 13: Jobless Claims Jul 13: Producer Price Index Jul 13: Federal Budget Jul 14: Import Price Index Jul 14: Consumer Sentiment [Read Our Blog]( Structuring Your Option Trading Day It seems like I always get asked about how I conduct my trading day. Clearly, a lot of factors go into that decision, but there are more than just a few constants. Here are several in an abbreviated form to give you something to chew on for your trading plan. General Market Conditions Take into account what the general market is doing as a whole. I would rather be on the right side of the market more times than not. If the market is bullish, maybe look for more bullish trades. Then scan for opportunities based on charts using several different time frames. I like to break down the market by [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this coming week: CRM – The stock continues to trade in a very tight range with its 50-day moving average acting as potential support. Calendar spreads will be considered this week. NFLX – After a successful bear call spread this past week, the same strong setup is in place for this week too. Additional bear call spreads will be modeled out. COST – After a huge drop late this past week, the stock may be ready to rally again. Bull put and bull call spreads will be explored with signs of a bullish reversal. [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