SPX made another new all-time high yesterday, breaking above 1991! FB made a new all-time high as well. We locked in a nice overnight gain of +160%! We cashed out on FB August calls and used the profit to buy cheaper weekly calls, which brought our risk down to "0"! LNKD calls also did well yesterday!
- 06:39 | Ecstatic Plays LNKD ($174.00) Sold to Close 0725C170 Jul 170 calls, at $4.55 +52%
- 06:31 | HappyTrading FB ($76.00) Sold to Close 0725C70 Jul 70 calls, at $7.00 +160%
The major market indices were little changed:
HGX (housing) tumbled 2.73%. BTK (biotech) pulled back 1.53%. SOXX (semiconductor) fell 1.53%. FDN (internet) and IGV (software) gained about +1%. GLD (gold) fell 1.01%.
It looks like Nasdaq is testing the recent high. 4500 could be a tough resistance for Nasdaq to break. Last night's earnings were mixed.
AMZN is down more than 10% after reporting a quarterly loss! AMZN share price targets were lowered by many analysts! V traded lower after giving a lower-than-expected revenue forecast. DECK shares traded higher by more than $5 reporting a solid quarter and raising its guidance! SBUX trade about 2% lower even after beating its earnings estimates; its guidance was a bit soft. MLNX traded up by +6.44% after delivering earnings that were inline with the estimates. Z and TRLA both jumped higher on rumors that Z is in advanced talks to buy TRLA for $2 billion! Z vaulted +15% and TRLA popped +32%!
The market indices may need to take a pause, but, it seems like there are lots news stocks to make this a busy Friday!
Good morning and HappyTrading! ™