Hey there MTM Family,
Dan here!
Man what a week we've had… Are you seeing all the shifts in the market as of late?
Let me talk to you a bit about what we've seen and dive into our weekly market recap.
Just make sure you read to the bottom of this email - you'll see that there's still so many big win opportunities coming out of the markets.
We kicked off Monday with the market gapping lower and continued to as it struggled to rally back.
- A SPY bear call spread for a credit of 0.60 was set-up over some resistance along with a QQQ long put for a debit of 0.52 was modeled out.
- In addition, a TSLA Sep-24 695/700 bull put spread for a credit of 0.70 as well as a FB bear put spread for a debit of 2.90.
Tuesday kicked off with the market gapping higher and held its own through class. We looked at several bear call spreads with general weakness in the market prevailing.
- An AMZN bear call for a credit of 1.20 was looked at as well as another one on BA for bear call for a credit of 0.33.
Generally the market would stay flat before a big announcement like the one the Federal Reserve announced this week, but not on Wednesday! The market marched higher in front of the Fed meeting. And with that, a couple of longer-term trades were looked at.
- A NIO Nov-19 45/55/65 call butterfly for 0.50 was modeled out with the expectation that the stock will move higher in the next month.
- One of Dan's OptionsRaider trades was looked at too; a long Oct-15 26 call on QS for a cost of 1.08.
The market continued to move higher after the rally Wednesday even after the Fed's announcement in the afternoon. Despite jobless claims increasing just like last week, market participants were out in full force buying with Nasdaq gapping above its 50-day moving average again.
- Because of the gap higher, a QQQ (Nasdaq ETF) Oct-1 362.5/365 bull put for a credit of 0.33 was modeled.
- With FB getting hammered down on Wednesday, a potential support level at $340 was looked at. A Oct-1 335/340 bull put spread for a credit of 0.90 was considered.
You remember the QS long-call trade from Wednesday?
Well, it was up over 200% in just 48 hours with a bid of 3.55!
Do you want the opportunity to see these trades and many, many more live in action everyday?
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