MTM Options Trader Newsletter - How to Choose Option Strategies Using Technics and Logic

This Week in the Market It seems like not too much can persuade this market from moving higher lately as stocks closed relatively strong again last week with more all-time highs being set. The Dow lagged behind the two other major indexes as blue-chip stocks have traded sideways for about two weeks. That said, the 50-day moving average is still below the major indexes including the Russell 2000. With all-time highs being set or bullish bases being held, a bullish to non-bearish bias on the overall market continues to make sense. Implied volatility remained pretty much the same from the previous week with option prices staying on the low side of things. Traders and investors will get some time off this week due to the Labor Day holiday on Monday. Generally, implied volatility levels are even lower for short weeks of expiration. Economic reports are light this week, but there are a few worth noting below. As of this writing, there are no Fed members scheduled to speak this week. Enjoy some time away from trading and remember to work on your trading plan if you have not done so already. Have a safe and healthy week!

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How to Choose Option Strategies Using Technics and Logic There are no trading tools, indicators or patterns that pay off every time. However, they all have their moments. Good traders know when probabilities have shifted to favor a trend style trading strategy or a mean reversion (counter trade) approach. There are two essential technical indicators traders utilize to create strategy. One measures range (height) over various time frames. This is the vertical indicator that measures the speed of a trend. The other – the horizontal indicator – measures width during consolidation phases. Width or time at price reveals fair value areas. Continue Reading ... MTM Watchlist Here are several trade ideas we will be looking at in group coaching class this week: NVDA – After triggering a potential buy setup on Friday, the stock looks primed to move higher. Additional bull call and bull put spreads will be explored. AMZN – After several successful bull call spreads on the stock, it pulled back to its 50-day moving average. With a bullish move on Tuesday, additional bull calls will be considered. FDX – The stock has been trading sideways and has failed to move higher several times. With potential resistance around the $270 level, bear call spreads will be pondered.

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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 - 2021. All rights reserved. Reproducing or redistributing this content is a violation of federal law.

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