MTM Options Trader Newsletter - These Are a Few of My Favorite Sayings

[image]( [image] This Week in the Market The market held its own last week, even after a massive sell-off Wednesday afternoon. Stocks were able get up and dust themselves off the next day and move higher again. It will be a light volume week between Christmas and New Year’s with many traders and investors taking some time off. Based on the market’s performance, a bullish to non-bearish outlook should remain in place until critical support levels have been broken. Many indexes and stocks look extended, but they keep moving higher. Naturally, that will end at some point. Implied volatility levels ticked up a tad and off recent lows with the midweek pullback. The markets will be closed this Monday and next. Although trading volume is expected to be well below average, the market has made significant moves in the past over the holidays so don’t think it definitely won’t budge. Economic reports are slow this week, but there is a consumer confidence number expected Tuesday. The holidays are a perfect time to take a break from trading, so please do. Merry Christmas, Happy Hanukkah and Happy New Year! Dec 26: Consumer Confidence Dec 28: Jobless Claims Dec 28: Trade Balance Dec 28: Pending Home Sales [Read Our Blog]( These Are a Few of My Favorite Sayings As a longtime teacher of options, I’ve developed a few favorite sayings related to trading, and I repeat them often in my group and individual coaching sessions. I love to hear my students say they hear my voice in their head repeating these sayings. Today, I will share a few and briefly explain what I mean by each of them. If one helps you even a little bit, I have done my job so to speak. What Has a Better Chance of Happening? This really comes down to technical analysis. I [Continue Reading …]() MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY – Vertical debits, credits and iron condors continue to work well on the ETF. Expect more of the same this week. GOOGL – After gapping higher last week, the stock keeps moving higher. More potential bull call spreads will be explored this week as well. GLD – The ETF gapped higher on Friday right to a potential double-top area that might act as resistance. Potential bear call 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