Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
This week the Dow ended the week 38 points higher, finishing at 24,753. The S&P was slightly higher as well, rising 8.36 points to finish the week at 2721.33. Both indices finished less than half a percent higher on the week.
We are looking forward to earnings from the following companies: Booz Allen (BAH), Hewlett Packard (HPQ), DSW, Guess, Michael Kors, Lululemon, Costco, Dollar Tree, Dollar General, American Eagle, and Abercrombie & Fitch.
In this episode we discuss the results from last week’s trades on MongoDB (MDB) and the ETF for the Dow Jones Industrial Average (DIA). There was a data error that made the XLF trade not able to be executed.
We then discuss the trades for this week, including a covered call on TherapeuticsMD (TXMD), a credit spread on the ETF for the Russell 2000 Index (IWM), and debit spreads on IWM as well as Nike (NKE).
Thank you for listening! Please subscribe by clicking one of the links below!
PODCAST LINKS FOR EPISODE POST
Listen on iTunes: https://goo.gl/uJY4cT#OptionTradingPodcast
Listen on Stitcher: https://goo.gl/E3EiJ4
Listen on Google Play: https://goo.gl/Pe4yzq
Listen on PodBean: https://goo.gl/Noiwti
Podcast: Play in new window | Download