TradeKing Midday Market Call Recap: SPX, VIX, RUT, BRK.B
Analysis from QuickTakesPro founder and Barron’s columnist Michael Kahn, CMT:
Discussion from TradeKing Options Analyst, Nicole Wachs
Quick Takes Pro “Chart of the Day” - Berkshire Hathaway - symbol (BRK.B)
Technical tools used:
Nicole Wachs’ potential strategy based on “Chart of the Day” – BRK.B Long Straddle
Part 1: Your Outlook on Direction and News
Part 2: Your Outlook on Implied Volatility
Part 3: Aligning Your Outlook with the Greeks
Part 4: Option Strategy Cheat Sheet
BRK.B - Long Straddle: if you believe the stock can move strongly to either side before July expiration
BRK.B – Long Put Option: if you do not believe the stock can break through and move up from resistance
additional risks and multiple commissions