MTM Options Trader Newsletter - Directional Butterflies, French Physiologists and Bending Spoons with Your Mind

[image]() [image] This Week in the Market On Monday and Wednesday the market appeared tame, but stocks moved severely lower to close out the week, returning thoughts of a revived bearish market to the conversation. Comments from Federal Reserve President Jerome Powell forced buyers to the sideline. Powell warned that the Fed may have to raise rates higher than expected just to keep inflation in check. Naturally, that did not sit well with traders and investors. The three major indexes all closed below their 200-day moving averages, and a non-bullish bias seems warranted until the indexes close above that level again. Implied volatility levels and option prices rose as expected with the decline. It is another fairly heavy week as far as economic reports go. While Monday will be quiet, later in the week both the CPI and PPI will be updated and the February retail sales number will be released. The next FOMC announcement is still over a week away, and tensions are and will remain high. Batten down the hatches and put on your seatbelts because the ride may just get bumpier. Remember, sitting on your hands is a position. Have a healthy, happy and especially disciplined week! Mar 14: Consumer Price Index Mar 15: Retail Sales Mar 15: Producer Price Index Mar 15: Business Inventories Mar 16: Jobless Claims Mar 16: Housing Starts Mar 17: Industrial Production Mar 17: Consumer Sentiment [Read Our Blog](=) Directional Butterflies, French Physiologists and Bending Spoons with Your Mind I can read minds. OK. Not really. But, hey, wouldn’t some of that sixth sense stuff be great as a trader? I actually traded with a guy on the CBOE trading floor who said he could bend spoons with his mind. True story. I never saw him do it, and let’s just say I had my doubts. But he swore he could. Anyway, I feel like I can almost read minds in [Continue Reading ...]() MTM Watchlist Here are a few trade ideas we will look at in group coaching class this coming week: SPY – With the market pulling back big this past week, we will be looking for at least a little bounce higher at some point. Potential bull put spreads will be explored. AAPL – The calendars on this stock have continued to perform profitably. Look for more around the $150 level this week provided the stock does not take a major dive. AMAT – The stock has held its own for quite some time but pulled back late last week. Potential short iron condors will be considered around support and resistance levels. [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 - 2023. 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