Where Options Trader are Hanging Out the Week Ending 2023-07-21

Tom Gentile

Posted in
Current Events

By: Tom Gentile
July 21st, 2023

2 mins read

Options Traders should be making good money with the equities markets running as bullishly as they have been since the March 2023 low.

To say we picked the low or that bottom is NOT what I am saying. If someone says they always pick the top and or bottoms of markets that is probably not true and I would not listen to them.

We try and get a good chunk out of the middle of market moves higher or lower and there was a big chunk that could have been profited from since that March low to present.

Figure 1: 420-day SPY Chart
Figure 1: 420-day SPY Chart

Keep an eye out for what the Fed says next week when they make their decision on what to do with interest rates.

Do they tell us recent economic reports like CPI and PPI are giving indications inflation is cooling and that is enough to NOT rise.

Or do they say inflation risk is still high enough that they have to raise rates to combat that?

Taking a look at an article from www.newsweek.com it looks like there is a 92% chance of a rate hike July 26. Note Chairman Powell said he could see two more rates hikes and this next week could be the first of those two.

What are Options Traders Doing Right Now

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The above images show the current Morning Reports lists from my tools, www.tomsoptiontools.com

It shows 6 different classifications of option categories and the top 10 securities of each category.

Their could be calls or puts listed.  Discuss these with your financial professionals and determine if any are suitable for your portfolio and act or don’t act accordingly.

App: Toms Option Tools

Toms Option Tools scan the markets for bullish and bearish trade opportunities using our proprietary scans and strategy algorithms. TTR Darknet finds bullish entries based on triple stack channel collisions. Money Calendar identifies seasonal patterns with at least 90% accuracy looking back 10 years. Weekly Cash Clock finds short term opportunities that last a week on average. Microcurrency Trader applies Darknet technology and moving averages to cryptocurrencies. Velocity Trader utilizes volume spike and Velocity indicators on custom stock lists. Quantum Scripts scans the markets for momentum acceleration signals and employs Quantum noise filters. Optimal Trader finds directional pre-earnings opportunities that are optimized for entry date, stock movement, and volatility surge. My Trades tracks the profit/loss of your trades, displays stock charts and risk graphs, creates new trades, and edits existing trades. Morning Report provides top 10 option rankings in 6 categories each day.


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.

No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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