MTM Options Trader Newsletter - Discovering the Option Trader’s Mindset

[image](=) [image] This Week in the Market Stocks moved up yet again as the Federal Reserve pushed the indexes higher this past week. Three rate cuts could be on tap for 2024, and the market loved this news in a bullish way. If the market had been extended before last week, it is even worse now. The major indexes keep pulling further away from their moving averages. Is a healthy pullback in the cards soon? One might think so, but for now a non-bearish bias still makes a whole lot of sense. Implied volatility levels and option prices continue to wane. It will be hard to top last week’s FOMC meeting, but there are several economic reports slated for this week too, including the latest GDP update and several housing reports. At the time of this writing, there were no significant talks expected by any Federal Reserve members. Quarterly earnings remain slow. Please take some time off for the holidays and make them joyous! Dec 19: Housing Starts Dec 20: Current Account Dec 20: Existing Home Sales Dec 21: Jobless Claims Dec 21: GDP Dec 21: Leading Indicators Dec 22: Durable Goods Dec 22: Personal Income and Spending Dec 22: New Home Sales Dec 22: Consumer Sentiment [Read Our Blog]( Discovering the Option Trader’s Mindset Option trading is an intricate financial strategy that demands a unique mindset, combining analytical prowess, risk management skills and emotional resilience. Winning option traders are not just adept at understanding market trends and financial instruments; they also have a mindset tailored for the challenges and opportunities presented by the dynamic world of options. In this blog post, we’ll delve into the essential aspects of an option trader’s mindset, exploring the key attributes that set them apart in the complex realm of financial markets. [Continue Reading …]( MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY – We will go to the well once more as vertical debit and credit spreads continue to produce solid gains on this ETF. AMZN – This big fella is knocking on the door of the $150 level. A move through that level will trigger some bull call spreads. BABA – The stock climbed higher this week after moving lower for several weeks. With it still in a downtrend, potential bear call and bear put spreads 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