Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
The biggest economic news of the week was on tariffs, as many of our trade partners levied retaliatory tariffs on American goods. The Dow Jones Industrial average finished the week 509 points lower, closing at 24,580. Similarly, the S&P 500 index fell roughly 25 points on the week.
We are looking forward to earnings on the following companies: Monsanto, Pier 1 Imports, Bed bath and Beyond, Nike, General Mills, and Accenture.
In this episode we discuss the results from last week’s trades, a covered call on Wells Fargo (WFC), a credit spread on Darden Restaurants (DRI), and a debit spread on Carnival Cruise Lines (CCL).
We then discussed the trades for this week: a covered call on Marathon Oil Company (MRO), two credit spreads on Microsoft (MSFT) and the QQQs, and a debit spread on American Airlines (AAL).
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