Welcome to The Weekly Option, a weekly program that offers practical trades and discussion for beginners and professionals alike!
This week the market was…up nearly 2.5%, with the Dow Jones Industrial Index finishing the week at 24,831 and the S&P 500 Index closing the week at 2727.
We are looking forward to earnings from the following companies: Dick’s Sporting Goods, Famous Dave’s BBQ, Home Depot, Jack In The Box, Applied Materials (AMAT), JC Penny, Nordstrom, Walmart, Campbell Soup, and Deere & Company.
In this episode we discuss the results from last week’s trades. The covered call trade on Zillow earned 4.35%. The credit spread on SPY ETF lost its maximum value. The debit spread gained 47% in one week.
We then discuss the trades for this week, a covered call on Dicks Sporting Goods, a credit spread on Cisco stock options, and a debit spread in Facebook.
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