MTM Options Trader Newsletter - What’s in Your Trading Toolbox?

This Week in the Market Volatility remains rampant, but the major indexes didn't move much when the dust settled last week. Some stocks that had appeared unstoppable suddenly looked more vulnerable over the past couple of weeks. All the major indexes continue to trade at or above their 50-day and 200-day moving averages at least for now. Implied volatility has crept up slowly but is still relatively low compared with levels from earlier this year. At least at this point, a neutral bias on the overall market may be warranted. It is a crazy busy week as far as big-name tech stocks go. Apple (AAPL), Alphabet (GOOGL), Amazon (AMZN) and Facebook (FB) are just a few slated to announce earnings. In addition, the Federal Reserve is expected to make another decision about rates, with movement predicted at this point. Several other economic reports are due out this week, including the latest GDP figure, and are listed below. Have a great and healthy week, and don't let an unexpected earnings announcement catch you by surprise!

Jul 27: Durable Goods Jul 28: Consumer Confidence Jul 29: Advance Trade in Goods Jul 29: FOMC Announcement Jul 30: Jobless Claims Jul 30: GDP Jul 31: Personal Income and Spending Jul 31: Consumer Sentiment Read Our Blog

What's in Your Trading Toolbox? As an educator I make it a point to help students build a solid fundamental and technical foundation. Years ago, I started my own "toolbox" that is now filled with facts, axioms and statistics I use to guide me when trading and creating strategies. My first experience in the markets was on the Chicago Board of Trade trading floor. It was loud, hectic and intimidating. There were very competitive and smart people who somehow found order in this chaos. I wanted to learn their secrets. There was opportunity and I was a sponge. I asked questions and kept notes. Here are some of the lessons I learned from professional traders. Continue Reading ... MTM Watchlist Here are a few trade ideas we will be watching in class this week: NFLX – The stock has failed to move much higher after dropping lower following its earnings report. Potential iron condors between support and resistance levels will be examined. IBM – The 200-day moving average was challenged several times this past week and held. If the stock can make it through that level, potential bull call spreads will be considered. GLD – Gold prices have been rising and the ETF looks to be a tad extended to the upside. Longer-term expiration bull call spreads will be looked at this week.

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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 - 2020. All rights reserved. Reproducing or redistributing this content is a violation of federal law.

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