Newsletter archive · October 28, 2023
This archived newsletter is shown as it was sent on October 28, 2023. Any trade result shown is a potential gain on a model position, measured from a recorded entry price to a recorded exit price, with no claim that any member achieved it. Past results do not guarantee future results, and nothing shown here is a recommendation to act today.
Weekly Options Trade Results
as at October 23, 2023

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Best of Trading,
Ian Harvey
Weekly Options USA
Clorox Shares Continue To Tank!

Clorox Co (NYSE: CLX) stock continues to tank after disclosing significant breaches that will impact earnings.
Clorox’s near-term outlook appears disappointing, driven lower by a cybersecurity attack that was disclosed in August.
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Best of Trading,
Ian Harvey
Weekly Options USA
Microsoft Shares Jump After Earnings Beat!

Microsoft Corporation announced its quarterly earnings after the closing bell on Tuesday, beating analysts' expectations on revenue and earnings per share.
Loop Capital has initiated coverage of Microsoft with a Buy rating and $425 price target. The company's growth is set to accelerate driven by its two most strategic businesses, Azure and generative artificial intelligence products, the firm tells investors in a research note.
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Best of Trading,
Ian Harvey
Weekly Options USA
JD.Com Continues To Fall On Downgrades!

JD.com’s share price has halved since the start of the year, reflecting concerns about China’s sluggish consumption as the authorities struggle to revive spending and growth.
At least seven brokerage firms including Morgan Stanley and Citigroup Inc. have either downgraded the stock or lowered price targets.
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Best of Trading,
Ian Harvey
Weekly Options USA
A Nvidia Weekly Put Option Pays Off As Shares Hurt By Regulations!

At a briefing late Monday, the U.S. Department of Commerce imposed significantly expanded restrictions on the types of advanced semiconductors and chip-making equipment that could be exported to China, Iran, and Russia.
The new rules will require NVIDIA Corporation (NASDAQ:NVDA) and other companies to obtain licenses from the U.S. government before selling the most advanced processors to customers in China, as well as 40 other countries that are under U.S. arms embargoes.
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Best of Trading,
Ian Harvey
Weekly
Options USA
Pfizer Suffers From A Challenging Week!

Pfizer shares are having a bad week due to the latest analyst coverage, with analysts making across-the-board cuts to their statutory estimates.
Pfizer, last Friday, cut its full-year revenue forecast by $9 billion due to lower-than-expected sales of its COVID-19 vaccine and treatment.
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Best of Trading,
Ian Harvey
Weekly Options USA
Lockheed Martin Weekly Call Options Jump After Topping Earnings Expectations!

Recent conflicts in Europe and the Middle East make clear the vital need for strong defensive capabilities. Lockheed Martin Corporation (NYSE: LMT) helps the U.S. and its allies protect themselves from a growing list of threats
Then, on Tuesday, Lockheed Martin topped expectations for Q3 results.
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Best of Trading,
Ian Harvey
Weekly Options USA
HOW DO WEEKLY OPTIONS WORK?

How do weekly options work?
To succeed in trading weekly options, it is fundamental that you either have a solid basic understanding of the answer to this question, and/or have access to expert guidance.
In the most general sense, weekly options work in the same way as monthly options.
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Best of Trading,
Ian Harvey
Weekly Options USA
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Weekly Options USA is a publisher of general trading research and education, not a registered investment adviser or broker-dealer. Everything we publish is general information only, never personal advice or a recommendation tailored to you, and you make your own trading decisions. Options trading carries substantial risk, including leverage, volatility, and the loss of your entire investment, and is not suitable for everyone. We guarantee no profit, accuracy or outcome. Past performance, including any results shown on this site, does not guarantee future results. Only trade with money you can afford to lose.