Options Traders Reacted to Red-Hot Cree

Apple brought its daily win streak to six

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Market Recap
 
 

3/15/2019

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Trade, Tech Spark Risk-On Session for Stocks

By Karee Venema

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Stocks closed out the week with a bang, as renewed hope over a potential U.S.-China trade deal offset a dismal batch of economic data -- including a lower-than-expected rise in industrial production last month. Another strong day for tech only stoked the bullish flames, with chip stocks surging after Broadcom (AVGO) earnings and Apple (AAPL) notching a sixth straight win. Against this backdrop, the Dow, S&P 500, and Nasdaq all scored impressive wins on the day and on the week, with the latter indexes notching their best week of 2019.

  • Options traders reacted to red-hot Cree.
  • The risks and rewards of buying and selling options.
  • Plus, a bold Amazon price target; the regulatory buzz that boosted Arcadia; and behind Ulta's new high.
>> Continue reading...
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