Episode 37 November 24, 2018
Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike.
It’s always great to hear from listeners. If you have any questions about the trades presented here or about your own positions, feel free to email me.
Email questions to me: eric@theweeklyoption.com
I’ve also created a short video series to teach you all the basics of option trading you’ll need to be able to follow along with me on this show. You can visit our website and click on the videos tab to watch them, or visit our YouTube Channel for The Weekly Option.com.
This was a shorter week due to the Thanksgiving holiday in the US. In the past we have seen the market have some really volatile moves higher or lower the day after Thanksgiving.
The stock market ended the week lower. The Dow Jones Industrial Index finished the week down 127 points, ending at 25,285 points. The S&P 500 Index fell 103 points this week, or 3%, ending the week at 2,632 points.
This week 122 publicly traded companies in the US that will be announcing earnings. We will hear from Cracker Barrel on Tuesday, Sears Holding Company and Tiffany’s on Wednesday, then Abercrombie and Fitch, Dollar Tree, and HP will all announce quarterly earnings on Thursday.
In this week’s show, we will cover the trades from last week on Treehouse Foods, Barrick Gold, and BP.
And we discuss three new trades on Foot Locker, Wells Fargo, and Facebook.
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