MTM Options Trader Newsletter | What Has a Better Chance of Happening?

[image](=) [image] This Week in the Market The market appeared to be heading south when a big selloff on Wednesday turned into a bullish rally at the end of the session. Stocks were able to push higher Thursday and Friday before pulling back slightly at some resistance levels. The three major indexes are all above their 50-day moving averages again and may be looking to add to the gains. A bullish to non-bearish bias seems to make sense for the outlook of the market going forward. Implied volatility levels, which had spiked higher, returned to lower levels by the close of the week. The market continues to be volatile, and this week will most likely be no exception. The Federal Reserve is expected to announce what it will do with rates Wednesday afternoon. At the time of this writing, it was a 50/50 chance whether it would be a 25 or 50 basis point cut. Clearly there is no way to determine how the market will react in either case. There are several other economic reports due this week, including a couple of housing reports, but traders and investors will most likely be focused on Wednesday. Remember, collars can protect investors from adverse moves lower in their stock positions. Have a safe, healthy and prosperous week! Sep 17: Retail Sales Sep 17: Industrial Production Sep 17: Business Inventories Sep 18: Housing Starts Sep 18: FOMC Sep 19: Jobless Claims Sep 19: Existing Home Sales Sep 19: Leading Economic Indicators [Read Our Blog]( What Has a Better Chance of Happening? How many of us wish we had more patience? I will be the first to raise my hand. It is a key attribute to being a successful trader, in my humble opinion. When the market is open and those numbers are moving around, your blood is pumping and your emotions are probably running high. But a trader needs to be calm and not let these moves take away from his or her objective, which is to extract money from the market. As I often say, the most important part of any trade is that the underlying performs as forecast. Potential Breakout So many times traders bet against support and [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 – It was a crazy week for the ETF, but double calendars, 0-DTE iron condors and credit spreads held their own. Expect more of the same. NVDA – The $120 level seems to be potential resistance for the stock. A move through that level next week may trigger long calls and bull call spreads. AAPL – This stock has been a money-making machine with the use of long calendars. Expect more calendars to be modeled out this week as well. [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