MTM Options Trader Newsletter | It’s All About Experience as an Option Trader

[image](=) [image] This Week in the Market The market moved sharply lower both Tuesday and Friday, pushing the S&P 500 well below its 50-day moving average. The market seems to be on edge with news pulling stocks north and south on a regular basis; this week south won the battle. With the Federal Reserve still in limbo, volatility is expected to continue. If the S&P 500 cannot capture that moving average again this week, buyers might fade away even more. A continued move below that level may trigger a non-bullish outlook on the market. Implied volatility and option prices ticked much higher this past week. It will be back to another full week of trading after a short week because of Labor Day. Don’t know if that is a good or bad thing. Traders and investors will get two big inflation numbers this week: CPI and PPI. In addition, the latest consumer sentiment number is expected Friday. Quarterly earnings remain slow with the next round still over a month away. Remember, collars can be a life saver for long stock positions in volatile markets. Have a safe, healthy and prosperous week! Sep 9: Wholesale Inventories Sep 11: Consumer Price Index Sep 12: Jobless Claims Sep 12: Producer Price Index Sep 12: U.S. Federal Budget Sep 13: Import Price Index Sep 13: Consumer Sentiment [Read Our Blog]( It’s All About Experience as an Option Trader Learning how to trade options effectively takes time. And let’s face it, for many option traders real, ongoing success never comes to fruition. Most traders cannot extract money from the market on a consistent basis because, well, it’s hard to do so. So why do we try? We try because it is rewarding to be a successful option trader either part time or full time. Keep in mind, though, that the one thing that cannot be rushed in your education process is the experience you receive from trading. Experience Can’t Be Taught [Continue Reading …]( MTM Watchlist Here are a few trade ideas we will most likely look at in MTM’s group coaching class this week: SPY – The 0-DTE iron condors continue to excel, and we will identify more of them this week. Double calendars will also take center stage. AMZN – After dropping below its 200-day moving average, the stock may try to return to that level. Potential calendars around that level will be considered. AAPL – The $225 level continues to be interesting for this stock. Potential calendars and vertical credits based on that level will be modeled out. [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