MTM Options Trader Newsletter - That Voice Inside Your Head

[image](=) [image] This Week in the Market Stocks retreated as the S&P 500 moved below its 50-day moving average and closed below it on Friday. A pullback was not too much of a surprise after the move higher over the past couple of weeks. Going forward, a neutral to non-bearish market bias will still make sense if the indexes can avoid a further downturn below some horizontal support levels. Implied volatility and option prices remain relatively low despite spiking earlier last week. Traders and investors will get a full week of trading again after the holiday-shortened past week. Several economic reports are expected to be released this week that will most likely affect volatility, including a couple of consumer numbers. Quarterly earnings continue to be slow, but a few well-known companies (Adobe and Oracle) are slated to release numbers. Have a healthy, safe and prosperous week! Sep 13: Consumer Price Index Sep 14: Jobless Claims Sep 14: Producer Price Index Sep 14: Retail Sales Sep 14: Business Inventories Sep 15: Import Prices Sep 15: Industrial Production Sep 15: Consumer Sentiment [Read Our Blog](=) That Voice Inside Your Head We all have sayings we love to repeat to ourselves. And when we say them out loud, let’s face it, it can be irritating to others. That is actually my goal when I repeat certain sayings to my students. I want them to be annoyed with me and finally listen and adhere to what I am saying. My one-on-one and group coaching students will tell me they hear my voice in their heads. I love it! I want them to know how important the lesson is, and I want them to hear my voice when the situation arises and think about what they [Continue Reading …]( MTM Watchlist Here are a few trade ideas we will most likely look at in group coaching class this week: MA – The $416 level has acted as resistance for the stock for over a week. A move through that level will spark a closer look at bull call spreads. AMZN – With the stock still bullish, bull call and bull put spreads will be considered once again this week. BMY – After dropping sharply, the stock rallied to close out the week. But with the downtrend still in place, potential bear calls and bear puts will be explored. [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