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

This week the Dow Jones Industrial finished the week 226 points lower, less than 1% decline on the week. The S&P 500 Index was basically unchanged relative to last week.

We are looking forward to earnings from the following companies: Oracle (ORCL), Fed Ex (FDX), Barnes and Noble (BKS), Darden Restaurants (DRI), Carmax (KMX), and  Carnival Corp (CCL)

In this episode we discuss the results from last week’s trades, the covered call on Global Blood Therapeutics (GBT), the credit spread on Kroger (KR), and the debit spread on the US Oil ETF (USO).

We then discuss the trades for this week, a covered call on Wells Fargo Bank (WFC), a credit spread on Darden Restaurants (DRI), and a debit spread on Carnival Corporation, owner of Carnival Cruise Lines (CCL).

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