MTM Options Trader Newsletter - No One Is Forcing You to Trade

[image]() [image] This Week in the Market While the Dow struggled, Nasdaq and the S&P 500 were able to produce positive gains a little easier after having moved lower at the beginning of the short week. Since buyers have been stepping up after most pullbacks, a non-bearish bias on the overall market needs to be respected until support levels have been broken. The three major indexes continue to trade well above their 50-day and 200-day moving averages. Implied volatility and option prices ticked up a tad, according to the VIX. Traders and investors have five full days of market action after several short weeks over the past month with the holidays. Quarterly earnings accelerate as a couple of big-name stocks (NFLX and Tesla) take center stage. Economic reports are a little slower as far as volume goes, but the latest GDP update is due out on Thursday. As always, check that expected earnings date and confirm it before taking any trade. Have a safe, healthy and prosperous week! Jan 25: GDP Jan 25: Jobless Claims Jan 25: Durable Goods Jan 25: Trade Balance Jan 26: Personal Income and Spending [Read Our Blog](=) No One Is Forcing You to Trade Who doesn’t love to trade? If you are reading this blog, you probably do. The market has been crazy volatile for months. However, it is hanging in there for now and has refused to move much lower. Directional trends have been difficult to capture, and implied volatility levels have been painfully low. What does an option trader do? Patience Consider this: You have a bearish trade on, and after one day it is doing pretty well and you are a tad profitable. You don’t have any intention to sell it after one day, but the [Continue Reading …](=) MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: SPY – We can’t leave this ETF alone when it seems to dispense cash for us. More debit and credit spreads and iron condors will be considered. AAPL – After busting through some resistance at $190, the stock may continue to push higher in front of its earnings announcement. Bull call spreads will be explored. FDX – With the stock currently residing below its 200-day moving average and not showing too much life to the upside, additional bear calls may be examined. [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 - 2024. 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