By: Tom Gentile
on January 23rd, 2023
Let’s start the week with a view of the current batch of options classified by the various means from the Morning Report Lists my tools (www.tomsoptiontools.com) provide daily.
As for which one to choose to either research further or trade one can first start by assessing what your anticipated direction for the market is.
If one is bullish they would focus on the call option in these lists and vice versa if bearish.
Then you determine the length of time you anticipate the markets to play out in that direction, as that will whittle down these choices to ones that have an expiry commensurate with that time frame expectation.
Then consider what sectors you believe will move in an anticipated direction and what time frame and look to see if any stocks options shown are on a stock in that sector.
In these lists you will see option on securities from the Tech sector, Then you can break down the tech sector into smaller sub-sectors like semiconductors – software – or – cloud computing to name a few.
You have airlines, retail, oil/energy/
Remember to at least paper trade to get an idea how these options play out and gain experience from at least tracking what they do from here as you work on enhancing your options trading skill set.
We do not recommend anyone doing an actual trade as those decisions are up to you and your broker.
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.