Episode 261 March 10, 2023
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 capped risk.
In this week’s show, we will cover the trades from last week on Luminar Technologies, the Ultrashort 20+ yr Treasury Bonds ETF, and United Airlines.
And we discuss three new trades on Stitch Fix Inc Class A, iShares Silver Trust ETF, and Snap Inc.
The market had a big move down at the end of the week based on news of more interest rate hikes and the failure of Silicon Valley Bank. The Dow Jones Industrial Average fell 1,481 points, closing at 31,909 points. The S&P 500 Index lost 184 points, ending the week at 3,861 points.
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