Options are contracts that grant the right, but not the obligation to buy or sell an underlying asset at a set price on or before a certain date. Greg Stevens, VP of Options at Fidelity, was with us to explain ways to go about making this type of investment.
Stevens talks about how options let an investor leverage the financial return for a much smaller upfront investment. Options can be used to speculate but they can also be used to generate income or protect a position from downside loss. Stevens demonstrates Fidelity's new tool called Option Trade Builder, walking through how to execute the strategy.
Stevens shows how to buy options for Apple ahead of earnings at the end of January. He adds that clients can call a live person to help walk through the trading strategies.
The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs and heightened competition for relatively few homes for sale.
Mortgage rates have dropped below 7% for the first time since the middle of August.
Taylor Swift grossed nearly $2 billion this year, according to Billboard.
A study from US News and World Report has found the most affordable place to retire is in Ohio.
Millions of households could see higher internet costs next year as the affordable connectivity program could end.
Viveca Chow, NYC lifestyle expert, spoke with Cheddar News to provide tips on how to have some festive fun in the city on a budget.
Apple announced that it's releasing an iPhone security update to prevent attackers from acquiring users' private passcodes.
As the new year approaches, many people are looking to find a job with a higher salary or are planning to ask their current boss for a raise. Taliya Bashani, real estate attorney and negotiation expert, joined Cheddar News to provide tips on how to properly and better negotiate better financial terms.
Meta says it will start testing a program that would allow posts from Threads to appear on other social media sites.
Several healthcare companies are reportedly joining President Biden's artificial intelligence risk management plan.
