Episode 282 August 4, 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 legging into trades.
In this week’s show, we will cover the trades from last week on Nikola Corporation, Freeport McMoran, and JD.com.
And we discuss three new trades on Rite Aid Corp, BP British Petroleum, and Cisco Systems.
It’s been a while since we’ve made it beyond three consecutive weeks of week over week gains in the US equity markets. The Dow Jones Industrial Average lost 393 points, closing at 35,065 points. The S&P 500 Index lost 104 points, ending the week at 4,478 points.
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