The markets had a down week with the DOW30, S&P500, and NASDAQ ending -1.22%, -2.45%, and -3.11%, respectively. Most of the earnings of the companies we trade have reported. Some stocks had positive results, while others temporarily pulled back. As long as you've diversified your portfolio, you'll be fine in the long run. Earnings 📰 AAPL Apple posted an earnings surprise of 5.88% for the quarter ending June 2023. Revenues for the quarter were $81.8 billion, albeit lower than

The markets had a positive week with the DOW30, S&P500, and NASDAQ ending 0.7%, 1.0%, and 2.0%, respectively. The Federal Reserve has given the green light to a long-awaited increase in interest rates, raising benchmark borrowing costs to their highest level in over 22 years. This move involves a quarter percentage point increase, bringing the fed funds rate to a targeted range of 5.25%-5.5%. Although policymakers had previously suggested two rate hikes for this year during t

The markets had a mixed week with the DOW30, S&P500, and NASDAQ end 2.1%, 0.7%, and -0.6%, respectively. Overall, the market had a slight pullback, which are often healthy after a long bullish run. After seeing NFLX and TSLA drop after earnings this week, it could be a sign that other stocks could follow suit. Steve's Trades Earnings Season ⚠️⚠️⚠️ Just wanted to remind everyone that earnings season has already started. For some of our stocks that we trade and invest, we shoul

The markets had a decent week with the DOW30, S&P500, and Nasdaq end -2.0%, 2.3%, and 2.4%, respectively. Wall Street investors are still...

Hi Wealth Builders! 👋 The markets had a down week with the Dow, S&P 500, and Nasdaq decreasing -2.0%, -1.2%, and -0.9%, respectively. Steve's Trades If your previous cash secured puts decayed by around 50%, you can consider buying them back to close your position. This will allow you to lock in your profits and you can consider selling a new round of cash secured puts. If you sold covered calls or cash secured puts on SBUX and are still holding onto the shares, you can conti

Hi Wealth Builders! 👋 The markets had a great week with the Dow, S&P500, and Nasdaq advancing 2.0%, 2.3%, and 2.2% respectively. Steve's Trades For those who have been following along this month, just wanted to remind you all of our LEAPS guidelines below (Note: You can review these guidelines in detail in our Call to Leap Level 3 training) : Fund your LEAPS using your Wheel premiums Higher Delta = More Safety (LEAPS have higher intrinsic to extrinsic value ratio) Position s

Hi Wealth Builders! 👋 The markets did not have a good week with the Dow, S&P500, and Nasdaq advancing -1.7%, -1.4%, and -1.4% respectively. This week the Fed has again indicated that there will be more rate hikes ahead but I expect 1-2 more before the Fed hits the pause button again. This is because our labor market numbers show signs of a cooling economy (and along with it, signs of a cooldown in inflation). Steve's Trades AMZN LEAPS This week I like LEAPS options for AMZN

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Hi Wealth Builders! 👋 The markets had another good week with the S&P 500, Nasdaq, and Dow advancing 0.4%, 0.1%, and 0.3% respectively. This was mainly driven by the threshold where S&P broke 20% above the recent Q4 lows (indicating potential a new bull market) and optimism that consumer spending can more than offset future impacts of rate hikes. I'm cautiously optimistic of what the Fed will decide in the next meeting but am long term bullish in our macro-economy overall. St

Hi Wealth Builders! 👋 Hope everyone had a great week! The markets had a good week with the S&P 500, Nasdaq, and Dow advancing 1.8%, 2%, and 2% respectively. This was mainly driven by a strong jobs report pushing us higher into the weekend and the debt ceiling bill passing that steered the U.S. clear of a default. Steve's Trades Apple kept pressing forward with its momentum and have pushed past the $176 resistance range I was monitoring. So we're going to do another AAPL Jade

Hi Wealth Builders! 👋 Hope everyone has exciting plans for this Memorial Day long weekend! Here are the trades for next week: Steve's Trades We're going continue our AAPL Jade Lizard this week (AAPL Cash Secured Put plus an AAPL Bear Call Spread). 1. AAPL Cash Secured Put Expiration Date: July 7, 2023 Step 1: Have $16,500 of cash as collateral Step 2: Sell 1 $165 strike put option (delta -0.19) for $107 Credit/premium received: $107 2. AAPL Bear Call Spread Expiration Date

Hi Wealth Builders! 👋 Hope everyone had a great week and have exciting plans this weekend! Below are trades for this week: Steve's Trades We're going to an AAPL Jade Lizard this week (which is an AAPL Cash Secured Put plus an AAPL Bear Call Spread). Note that we're a bit more bullish since the Cash Secured Put has a higher delta. 1. AAPL Cash Secured Put Expiration Date: June 30, 2023 Step 1: Have $17,000 of cash as collateral Step 2: Sell 1 $170 strike put option (delta -

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Hi Wealth Builders! 👋 Quick announcement: Based on multiple feedback I've received over the past few months, starting next week I will be splitting up my weekly premium positions article into separate article series: 1) Market news, commentary, education 2) Weekly Positions 3) Recent Q&A that I find everyone can benefit from The two main benefits of this approach is 1) I get to share more learnings with you and I don't have to wait until end of every week 2) Shorter articles

Hi Wealth Builders! 👋 What happened in the markets this week?📊 Markets pulled back a bit this week with the S&P500 dropping -0.8% and Dow Jones dropping -1.2% while Nasdaq held steady at +0.1%. Tech and Banking sectors once again dominated the headlines this week as we move into the late stages of our earnings season. What was newsworthy this week: *Quick PSA : if you like what you're reading or are curious on any other topics, please feel free to DM me on our Discord . I a

Hi Wealth Builders! 👋 Perhaps no better picture sums up this past week than the BG Dab.. What happened in the markets this week?📊 Markets posted solid gains this week with the S&P500 and Dow Jones increasing by 0.9%, while Nasdaq added 1.3%. The big movement I alluded to last week turned out favorable as GOOGL, MSFT, and META all pleased investors with their earnings results. Notable mention is AMZN which did rally but gave it all back after warning investors about cloud he

Hi Wealth Builders! 👋 What happened in the markets this week?📊 Markets ended relatively unchanged this week as the S&P500 trailed lower 0.1%, Nasdaq dropped by 0.4%, and Dow Jones fell by 0.3%. I won't be surprised to see more movement next week as earnings pick up even more next week for some of the biggest companies in our markets (e.g., MSFT, AMZN, GOOG, etc.,). What was newsworthy this week: *Quick PSA : if you like what you're reading or are curious on any other topics

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Hi Wealth Builders! 👋 Hope everyone is getting a head start on their weekend today! Markets were closed today (Friday) in observance of Good Friday and ended the week with DJIA up by 0.6%, S&P 500 flat at -0.1%, and NASDAQ down by -1.1%. The hot topics markets are paying attention to this week are: US Job market cooling: Signaled by last week's ADP payroll data, job increases in March came in at 236,000, below the expected 238,000 and well below the rolling 6 month average o

Hi Wealth Builders! 👋 We had a wonderful end to March with tech stocks taking the lead once again! Heat Map📈 Here's this week's heat map: What's Been Happening In The Charts?📊 SPY The S&P500 is still holding strong with staying above its green support line. I actually added a couple of shares to my long-term holds this week. However, if you would rather wait a little bit longer before adding to your positions, you can see if the ETF is able to go back to the $415 level. QQ