MTM Options Trader Newsletter | Is It Time to Change Your Trading?

[image]() [image] This Week in the Market The three major indexes were all able to post gains for the week, with the Dow and S&P 500 each setting another record high. Despite several Federal Reserve talks and economic number releases, stocks kept climbing higher. As has been the case, a bullish to non-bearish outlook on the market makes sense based on the resiliency of stocks. With the ongoing move higher, implied volatility and option prices continued to grind lower but did spike higher at the close Friday. Is a drop imminent? We will know shortly. It is a slower week as far as economic numbers go, but the September jobs report is due out before the market opens Friday. As far as Fed speakers go, at least one is scheduled to talk every day with Fed Chair Jerome Powell scheduled for Monday afternoon. There is also a panel of Fed speakers scheduled for Tuesday evening. Quarterly earnings remain slow for time being. As always, remember you are a risk manager first. Have a healthy, safe and profitable week ahead! Oct 1: Construction Spending Oct 1: JOLTS Oct 3: Jobless Claims Oct 3: Factory Orders Oct 4: Unemployment [Read Our Blog]() Is It Time to Change Your Trading? Every so often I like to give a pep talk, and as we enter the last quarter of the year it seems like a good time for one. If you are an option trader, you know how difficult it can be to extract money from the market on a regular basis. Let’s be honest: Most option traders who swing trade will not make money consistently and usually quit at some point. Well, I am here to tell you not to give up and to make sure you are doing the right things to fix your indiscretions. You still have the final three months of 2024 to make an impact, and you can start now. [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 – If it isn’t broke, don’t fix it. 0DTE iron condors on SPY continue to excel, as do double calendars for Friday/Monday expiration. More will be vetted this week. MRNA – The stock has come down to a potential double-bottom support level set last November. Look for potential bull call and directional call calendars with a bullish reversal. AAPL – The stock continues to bounce around in a very tight range. Calendars and short iron condors will be explored once again. [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