MTM Options Trader Newsletter - A Long Time in the Making

[image]() [image] This Week in the Market Talk about a catastrophic rise last week! Stocks were almost out of their minds as the three major indexes closed higher every session. The 50-day and 200-day moving averages were no match for the S&P 500, which closed above both after having closed well below them the prior week. The market seems extended to the upside, but is a reversal lower in the cards? This week may answer that question, but most likely the indexes will not keep up the pace. As you might imagine, option prices and the VIX came tumbling down with the move higher. It is a crazy busy week of Federal Reserve speakers, including Fed Chair Powell on the panel at the International Monetary Fund. In terms of economic report releases, however, it will be relatively quiet. Quarterly earnings continue to wind down, but several are set to be released, including some retailers, in the near future. As mentioned over the past couple of weeks, keep that seatbelt on for now. Have a safe, healthy and fulfilling weekend! Nov 7: Trade Deficit Nov 7: Consumer Credit Nov 8: Wholesale Inventories Nov 9: Jobless Claims [Read Our Blog]( A Long Time in the Making He played clarinet and saxophone with Stan Getz. Went to high school with John Kemeny (the guy who co-developed the BASIC computer language). Dated Barbara Walters. Hung out with Ayn Rand. And...helped get us into the mess we’re in now. Alan Greenspan lived the life of a thousand men. And was a capitalist idealist, which was surely in part influenced by Ayn Rand, the Objectivism thinker. He had a strong belief in laissez-faire markets. And that ends up being a little ironic. Greenspan was the Fed Chairman from 1987 to 2006. This story kind of starts, though, just [Continue Reading …]( MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this coming week: SPY – The ETF has been a volatile beast, which is great if you love volatility. Expect a plethora of vertical spreads to be explored this week. AAPL – After announcing earnings late in the week, the stock did very little afterward. Neutral calendars and iron condors will be examined. BA – The stock has rallied higher over the past week but is now close to its 50-day moving average. Bear call spreads around the moving average will be considered. [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