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 681 points higher, up 2.766% over the week. The S&P 500 also enjoyed a nice gain this week, rising 44 points or 1.76%.
We are looking forward to earnings from the following companies: H&R Block (HRB), Kroger (KR), Progressive Corporation (PGR), Adobe Systems (ADBE), and Michaels Stores (MIK).
In this episode we discuss the results from last week’s trades: a covered call trade on Dell (DVMT), a credit spread on General Motors (GM), and a debit spread on Bank of America (BAC).
We then discuss the trades for this week: a covered call trade on Global Blood Therapeutics (GBT), a credit spread on Kroger (KR), and a debit spread on the Oil ETF USO (USO).
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