Today’s MRKT Call is Presented by Fidelity

Yields to 5%? + How to Trade Stocks into Earnings

Dan Nathan, Guy Adami and Carter Worth break down the top market headlines and bring you stock market trade ideas for Tuesday, April 23rd.

Click here to access all of the charts mentioned in today’s MRKT Call.

Buy May 35/40 Call Spread for ~$1

• Buy to open 1 May 35 call for $1.25

• Sell to open 1 May 40 call at 25 cents

Break-Even on May Expiration:

• Profits of up to 4 between 36 and 40 with max profit above 40

• Losses of up to 1 between 35 and 36 with max loss below 35

Trade Rationale & Management:

• This trade idea risks ~3% of the stock price, has a break-even up of about 4.5%, and has a max gain of 4x the premium at risk if the stock is up 16% on May expiration. If the stock has a fundamental reason to go up it should get back to its breakdown level near $40.

• As always, with long premium directional trade ideas, if the position is worth 50% of what I paid, I will look to cut the loss, and if it is a double, I will look to take half off.

Buy July 96/105 for $3

• Buy to open 1 July 96 call for 3.80

• Sell to open 1 July 105 call at 80 cents

Break-even on July expiration:

• Profits of up to 6 between 99 and 105 with max gain above 105

• Losses of up to 3 between 96 and 99 with max loss of 3 below 96

Trade Rationale & Management:

• This trade idea risks 3% of the etf price and has a two-to-one payout if the etf is up 9% in two months.

• As always, with long premium directional trade ideas, if the position is worth 50% of what I paid, I will look to cut the loss, and if it is a double, I will look to take half off.

Topic Timecodes:
Intro / Yields (0:00); SPX Update (9:50); Intel (14:15); Exxon & Energy Trade (22:00); Tesla (28:45); Trade Updates (35:15).

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Today’s Okay, Computer. is Presented by RBC and Current

Big Tech Q1 Earnings Preview with Gene Munster

Managing Partner at Deepwater Asset Management Gene Munster is back on the pod to preview Big Tech earnings. Netflix stock falls on soft guidance & reporting changes (3:20). We preview quarterly earnings reports for: Tesla (8:00), Meta (15:30), Alphabet (21:30) Microsoft (33:15), Amazon (38:30) and Apple (42:00). The guys wrap with a discussion on what’s happened to “TikTok Ban” (51:00).

Follow Gene on X: https://x.com/munster_gene

Topic Timecodes:
Intro (0:00); Netflix (2:30); Tesla (7:45); Meta (16:15); Google (23:45); Microsoft (37:45); Amazon (43:00); Apple (47:15); TikTok "Ban" (57:45)

WHAT WE’RE READING

• Goldman’s Rubner Says the Pullback in US Stocks Is Not Over Yet (Bloomberg)

• Investors Price in Growing Chance of Another Federal Reserve Interest Rate Rise (FT)

• Earnings Drive Market Gains (FT)

• ‘Mag Seven’ Jump Minutes Away From Tesla’s Results (Bloomberg)

• Tesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of Earnings (Bloomberg)

• Tech’s Earnings Bonanza this Week Shines Spotlight on Growing Troubles at Tesla, Google (CNBC)

• Jamie Dimon Cautions Over Soft Landing for ‘Unbelievable’ US Economy (FT)

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