The Weekly Option

Episode 106 March 21, 2020

Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.

It’s always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me.

Email questions to me: eric@theweeklyoption.com

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We had another week that makes your stomach turn and makes you gulp really hard. Yes, it’s clear that this fall off in the equity markets is tied to the coronavirus. However, that doesn’t mean that we will immediately return to our previous highs as soon as a vaccine or better treatments are available. This was the largest week over week drop in the US equity markets. This week, The Dow Jones Industrial Average fell 4,011 points, closing the week at 19,173 points. The S&P 500 Index fell 406 points, closing the week at 2,304 points.

In this week’s show, we will cover the trades from last week on Marathon Petroleum, Bank of America, and US Oil ETF.

And we discuss three new trades on VanEck Vectors Gold Miners ETF, Silver Trust ETF, and Twitter.

 

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