Behind a 7-Figure Chesapeake Energy Options Trade

It was a quiet day of trading ahead of the Fourth of July holiday

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MARKET RECAP     7/02/2019
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Verizon Tailwinds Help Dow Muscle to a Win By Karee Venema Share On It was a quiet day of trading ahead of tomorrow's abbreviated session and the Fourth of July holiday on Thursday, with the Dow exploring a relatively tight 117-point range on both sides of breakeven. Most of the action was to the downside as Wall Street faded upbeat U.S.-China trade headlines from the weekend and reacted to the Trump administration's threats of a new round of tariffs on European Union goods, though the blue-chip index managed to settle just above the flatline on a strong showing from Verizon (VZ). The S&P also eked out a gain to nab a new record close, while the Nasdaq swung higher in the final minutes of the session. Continue reading for more on today's market, including: Use calls to play this tech stock's next pop. Behind the seven-figure Chesapeake Energy options trade. Plus, a bear signal just flashed on this chip stock; Johnson Controls looks attractive for bulls; and Amarin stock pops on upbeat Vascepa expectations. >> Continue reading...
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