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This is a guest post by Michael Lamothe from Mara Wealth on mindset, emotions, trading plans, and what it takes to be at your best. I met Mara several months ago and immediately knew that I wanted to get his message heard. While he has a passion for the stock market, his ability to communicate and discuss the mental and the emotional aspects of trading hit home. I am a firm believer that you cannot reach your full potential unless you can conquer both. Here's Michael posing some thoughtful questions for you to think about.
OptionsGeek members learn how to assess the Risk Reward in the market and in every trade we take. I've attached an email I sent out to my Premium Members last Wednesday evening, February 26th. It's 4 days after the email I sent out warning everyone that the market was in a precarious situation. See that article here.
This article teaches you how the Top traders in the world go from a nascent thought to options trading idea in minutes. It highlights a specific trade that gave the OptionsGeek community a huge win. I'll reveal what triggered the idea; What Puts we bought; Which strike we chose; Why we chose it; and how much money there was for the taking. Then I’m going to show you exactly how you can do it yourself!
November was a tricky month. Less winning but with the power of leverage and finding a few nuggets, the results were ok. Here's what I consider a frustrating and challenging month that helps us appreciate our plan.
Wendy's (WEN) is on some run. Right before a big week for them, Options buyers are active. What are they playing and how are they playing it? Take a look.
Zoom Communications (ZM) tried to break that $60 level just a couple of months ago. Now, look at this thing breaking $100. And Call buyers are still coming in!
Peloton (PTON) disappointed the crowd setting up for a big win on earnings. It seems to be a relentless group, because the Call activity is picking up again.
FireEye (FEYE) Options are active and one-sided again today. With US - Iranian tension high, many investors have turned their attention to cybersecurity stocks.
NetApp (NTAP) brings back fond memories. The Sharks buying these puts have proved themselves to me in the past... "the force" seems strong with this shark. It's a decent size trade, the question is will it work?
Virgin Galactic (SPCE) is being labeled the "Tesla of the Space Industry." The stock price is doing its best to maintain that status. Call activity has been active for quite sometime, and continues to attract more buyers even at these levels. More than 60k options traded today, with 90% in Calls. Take a look below: