Hey traders,
If you’ve been around here for more than 5 minutes, you know I’m not the guy drawing a hundred lines on a chart and trying to make predictions.
I prefer simple, clean, long-term setups based on trendlines and a market-driven approach.
But that doesn’t mean there isn’t a place for that kind of thing…
I’ve you’ve been following along with our daily show, Market Masters, you’ll know that’s that’s Jeffry Turnmire’s department.
And boy do I still listen when he points out key levels.
Why? Because as I’ve said many times before, nothing moves in a straight line.
Markets move in steps. They find support, they bounce. They hit resistance, they stall.
Even if you’re not trading breakouts, those levels matter.
How I Use Them in Income Trades
I’m not out here trying to reinvent charting. But when I’m selling premium, I want those strikes to be in the smart spots:
- Selling puts — I want them below support that’s already been tested. If a stock’s bounced three times around $95, I’ll look to sell down at $90. That way I’m getting paid at a level I’d be fine owning shares, with the cushion of that support zone above me.
- Selling calls — If a stock’s bumped its head at $120 a few times, I know that’s a reasonable ceiling. I’ll sell calls above there. Even if the stock runs up, odds are it struggles at that level — and I keep the premium while others are chasing.
- Credit spreads — Levels give me confidence on where to anchor my short strike. If I’m selling a bull put spread, I want that short put sitting safely under support. If I’m selling a bear call spread, I want it tucked above resistance.
You don’t need to clutter your screen with fifty chart patterns. Just knowing where buyers and sellers have stepped in before is enough to tilt the odds in your favor.
Why I Pay Attention
Here’s the bottom line: I don’t need to be the chart guy. I’m the income guy.
Smart, clean setups based on
But key levels give me a roadmap to pick my spots smarter.
So when Jeffry says, “Watch this floor,” I don’t ignore it. I can use that information to line up my premium-selling plays with what the market’s already telling me.
That’s how I can stay in my lane — selling calls, selling puts, running spreads — while still using technicals to keep my trades higher probability.
If you haven’t been joining us for Market Masters every day, catch the replays here.
And make sure to register here so you’re notified every time we go live — weekdays at 11am Eastern!
Trade well,
Jack Carter
P.S. How to read Wall Street’s secret playbook in realtime. Right here.
