In The Money with Fidelity Investments

by Dan September 9, 2020 6:26 pm • InTheMoney

Yesterday shortly after the market opened I taped my weekly In The Money segment with Fidelity Investments, watch by clicking below:

 

 

We started with a brief discussion of the last week’s volatility in the stock market and how the diverging performance of the S&P 500 and the Nasdaq 100 played out on the first real pullback in three months:

 

I offered a defined risk trade idea in a homebuilder that might be poised for a re-test of its prior highs in the coming months:

And I offered a way to add some yield to a long holding in AAPL as we consider the iPhone launch event next week looking to take advantage of elevated options prices in the name:

 

Lastly, I wanted to quickly update my thoughts into ORCL’s earnings event due out tomorrow after the close and discuss the binary nature of the trade idea I detailed a couple of weeks ago and how the probability of success is not great given how far the stock is from the breakeven: