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.
Joe Cecela, Dream Exchange CEO, explains how they are aiming to form the first minority-controlled company to operate an exchange in U.S. history. Watch!
A Michigan judge is putting sponges in the hands of shoplifters and ordering them to wash cars in a Walmart parking lot when spring weather arrives. Genesee County Judge Jeffrey Clothier hopes the unusual form of community service discourages people from stealing from Walmart. The judge also wants to reward shoppers with free car washes. Clothier says he began ordering “Walmart wash” sentences this week for shoplifting at the store in Grand Blanc Township. He believes 75 to 100 people eventually will be ordered to wash cars this spring. Clothier says he will be washing cars alongside them when the time comes.
The State Department had been in talks with Elon Musk’s Tesla company to buy armored electric vehicles, but the plans have been put on hold by the Trump administration after reports emerged about a potential $400 million purchase. A State Department spokesperson said the electric car company owned by Musk was the only one that expressed interest back in May 2024. The deal with Tesla was only in its planning phases but it was forecast to be the largest contract of the year. It shows how some of his wealth has come and was still expected to come from taxpayers.
