Posted in
Daily Report
By: Tom Gentile
on July 28th, 2022
US Equities finished the trading day up higher than they opened, which makes for a bullish day of trade.
The Dow was up 332 points, the NASDAQ closed up +132 and S&P 500 rose 48.82- points.
All of the major averages have a chance to realize a winning week, They also have a chance at having their best month this year.
There are articles over various financial news websites where one can read investment strategists give their opinion on what the GDP report today (and the fact it contracted a second time in a row) means for the market.
What I gather from many folks opinion is they believe a recession is more likely than not, but that the recession will not be as bad as originally thought. I believe I read the actual words any recessionary environment will be mild.
My goal is to keep charting and looking at what the charts reflect as to where people are putting money to work or where they are pulling out there money. If I see a rotation from one sector of the market and in to another I can base my options trading decisions on that analysis.
The Morning Report Lists show where the activity for Calls and Puts are and I can see if a decision based on that data is cause for a trade. Work with your brokers to make similar assessments and if you show them these lists I wish you and your financial team all the best of success.
The two lists above will have the options on their longer than the two below because the data shows options activity that has happened more than just a day.
The next two lists below may be more helpful in ones’ decision making due to the fact they reflect current activity on the options listed.
App: Toms Option Tools
Market Insight articles may show images of lists of stocks meeting a variety of options parameters like Unusual Call and or Put activity or Expensive IV found on my app Toms Option Tools.
Other times I will have other charts may work to amplify my educational points.
Those options data lists, however, can be found on my app Tom’s Option Tools. Use your device to search up and download this app and get free access to the Morning Reports section of the app.
Other parts of the app are available at a premium subscription rate, but the Morning Reports Lists are yours free.
Disclaimers
Stock and options trading has large potential rewards, but also large potential risk.
You must be aware of the risks and be willing to accept them in order to invest in the stock and options market. Do not trade with money you cannot afford to lose.
This is neither an offer to buy/sell/ or recommend a particular stock or option.
Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been actually executed, the results may have under or overcompensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with hindsight.
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