Episode 251 December 30, 2022
Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
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The topic of the week is the daffodil principle.
In this week’s show, we will cover the trades from last week on TAL Education Group, Bilibili Inc., and Pinterest Inc.
And we discuss three new trades on TG Therapeutics, Southwest Airlines, and Barrick Gold Corporation.
The equity markets wrapped up the worst year since 2008. The Dow Jones Industrial Average closed at 33,147 points, which is a loss of 3,191 points this year. That’s an 8.78% decline for the year. The S&P 500 Index closed the year at 3,839 points. That’s a loss of 926 points for the year, or an annual decline of 19.44%. Crude oil closed the year at $80.47 per barrel, an increase of $5.26 or a 7% increase. Gold futures grew $1.2 per ounce over the year, closing at $1,829.80 per ounce, essentially unchanged year over year.
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