MTM Options Trader Newsletter - Option Trading Success Secrets Unveiled

[image]( [image] This Week in the Market Most stocks were able to move higher yet again last week, with the Dow and S&P 500 setting all-time highs. As we start a new week, the major indexes are a tad extended from their 50-day moving averages, but that might not be enough to slow down buyers. The Russell 2000 is sitting on top of its 50-day moving average. A bullish to non-bearish bias still makes sense as far as the overall market is concerned. Implied volatility levels continue to drift lower as you might imagine with stocks moving higher. In addition, IV skews not based on an earnings event have been hard to find. Quarterly earnings are starting to kick into high gear this week as several companies are expected to announce. Many eyes are glued to NFLX, which is expected to deliver its numbers after Tuesday’s close. The next Federal Reserve meeting is still over a week away and economic reports are relatively slow this week. In fact, Monday, Tuesday and Wednesday are without a single significant report. Make sure you are cognizant and check for the expected earnings date from a reliable source before taking any trade. Have a healthy and prosperous week! Apr 22: Jobless Claims Apr 22: Existing Home Sales Apr 22: Leading Economic Indicators Apr 23: Markit Manufacturing and Services Apr 23: New Home Sales [Read Our Blog]( Option Trading Success Secrets Unveiled Are there such things as option trading success secrets? That can be debated, but what you should know is that there are ways to improve your odds for success in option trading. Are they necessarily a secret? Probably not. However, most option traders don’t do certain things that could enable them to extract money from the market on a regular basis. Below we will look at a few of the ways you can dramatically increase your odds and understanding of options. [Continue Reading ...]( MTM Watchlist Here are several trade ideas we will be observing in group coaching class this week: TSLA – After surging past the $700 level last week, the stock may look for more. Bull put spreads around $700 will be considered again as well as bull calls with a bullish trigger. PLBY – We have modeled out several trade ideas on this stock. More potential vertical spreads will be looked at. BA – The stock has been trading in a fairly tight range for several weeks. The $255 level looks like potential resistance. If the stock does not gap higher to start the week, call credit spreads will be examined. [image]( Trading During Earnings Season with Dan Passarelli and Guy Adami Watch the replay of Dan Passarelli and Guy Adami discussing this earnings season, why it's important, how they're trading it and everything you need to be prepared. [Watch Now]( 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 calling (888) OPTIONS; 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 - 2021. 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