MTM Options Trader Newsletter - Is Option Trading a Losing Game?

[image](=) [image] This Week in the Market Can anything slow down this bullish market? How many articles and emails have you read that berate the market, saying it cannot do this or should not do that? And yet it keeps chugging along higher. Certainly, there may be a time when we do get a decent pullback, but so far nothing has come close in several months. The S&P 500 is trading at its highest point in 2023 and in well over a year. A bullish to non-bearish bias will make sense until a decent bearish pullback does occur. Implied volatility levels and options prices continue to fall. Several economic reports are due out this week, including a couple of housing reports and the latest retail sales figure. Housing has been defying the odds by holding its own even as inflation rises. Let’s see if that trend continues. In addition, quarterly earnings are starting to pick up, with heavyweights TSLA and NFLX expected to announce this week as well as several financial institutions. Have a healthy, safe and disciplined week! Jul 18: Retail Sales Jul 18: Industrial Production Jul 18: Business Inventories Jul 19: Housing Starts Jul 20: Jobless Claims Jul 20: Existing Home Sales Jul 20: Leading Economic Indicators [Read Our Blog](=) Is Option Trading a Losing Game? Have you ever heard that options are risky? I am sure you have. Have you also been asked if you have made or can make any money trading options? I am sure you have as well. When people ask me if trading options is worth it, I give them my standard answer. I tell them it depends on two things: you and what you hope to accomplish. I will elaborate a bit on each point, but there are certain things option trading can and cannot do and you need to understand this before trading options. That said, options can lower an investor’s or trader’s risk and produce profits and losses as well. Let’s start with you. As humans we are not particularly designed to be traders. The [Continue Reading ...](=) MTM Watchlist Here are a few trade ideas we will most likely explore in group coaching class this coming week: SPY – No, we have not forgotten about double calendars on this ETF. In fact, we did a successful one last week and will be looking for more again this week. META – With the stock making a big move higher early last week, it was no surprise when it closed lower on Friday. If Monday brings an engulfing bullish candle, additional bull call spreads will be considered. GOOGL – The stock rallied big last week into some potential resistance around the $126 level. If it does not gap higher to start the week, bear call spreads will be explored. [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