As you may have heard, Weekly Options have been released for several common stocks as we have previously discussed. Some new stocks have been added, and some other changes have been made.
On June 25th, 2010, Weekly Options were made available for 4 common stocks: Apple (AAPL), Bank of America (BAC), British Petroleum (BP) and Citigroup (C). On July 16th, Weekly Options were made available on four more stocks: Amazon (AMZN), Ford Motor Co. (F), Google (GOOG) and Microsoft (MSFT). On July 23rd, Weekly Options were available on 5 new stocks: Barrick Gold (ABX), Baidu (BIDU), Goldman Sachs (GS), Potash Corp. of Saskatchewan (POT) and Exxon Mobil (XOM).
About a month ago we posted a blog discussing the new Weekly options that were available on stocks for the first time. On June 25th, 2010, Weekly options were released on four common stocks:
AAPL – Apple Computer, Inc.
BAC – Bank of America Corp.
BP – British Petroleum Co.
C – Citigroup, Inc.
Late last week, on July 16th, Weekly options were made available on four more common stocks:
AMZN – Amazon.com Inc.
F – Ford Motor Co.
GOOG – Google Inc.
MSFT – Microsoft Corp.
Weekly options carry the same rights and obligations as standard calls and puts. The only difference is that the expiration time frame is shorter. Weekly options are typically released on Thursday or Friday and will expire the following Friday.
If you would like to know more about Weekly options, join PowerOptions’ Director of Options Education, Mike Chupka, for a free presentation on Monday, July 26th at 4:30 PM Eastern Time: https://www1.gotomeeting.com/register/738392785
Mike will discuss the specifics of Weekly expiration options, common strategies used by PowerOptions’ subscribers using the Weekly options and of course, how to use the patented PowerOptions’ tools to identify strategies utilizing the Weekly options.