Traders cash in on M&S fightback — OptionsDesk
London, UK
|
November 08, 2023 09:52 AM Eastern Standard Time
OptionsDesk Broker Simon Hanouka speaks to Thomas Warner from Proactive ahead of the latest intervention from Federal Reserve Chair Jerome Powell, who is expecting to reveal fresh clues on Wednesday about the future of the US' battle against inflation.
Hanouka also looks ahead to the potential impact of the UK GDP data release on Friday. Highlighting individual stock performances, Simon notes Marks & Spencer's (M&S) significant share price increase, driven by earnings that surpassed predictions.
He illustrates the advantages of options trading through M&S's example, where the right calls yielded a 200-300% increase compared to the stock's 10% rise. Simon also touches on consumer spending trends, suggesting resilience in festive shopping, as evidenced by M&S announcing a dividend and entering the Christmas period with strong sales.
Additionally, he hints at Disney's forthcoming earnings report as a point of interest for investors. Hanouka's analysis offers valuable pointers for those looking to navigate the current economic climate, emphasising the potential of options trading in leveraging market movements.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
