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 average finished 185 points higher, closing at 24,456 points. The S&P 500 also closed higher, up 41 points on the week to 2,759.82.
We are looking forward to earnings from the following companies: Pepsi Co (PEP) on Tuesday, Delta Airlines (DAL) on Wednesday, and J P Morgan (JPM), Citigroup (C), and Wells Fargo (WFC) on Friday.
In this episode we discuss the results from last week’s trades, the covered call on Twitter (TWTR) stock, a credit spread on the S&P 500 ETF (SPY), and a debit spread on General Electric (GE).
We then discuss the trades for this week, which include a covered call on Southwest Airlines (LUV), a credit spread on the Gold ETF (GLD), and a debit spread on Pepsi Co (PEP).
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