It's a big week: a Federal Reserve meeting, unemployment numbers and earnings for the biggest company in the S & P 500.
The problem is the S & P 500, as a barometer of economic health, much like Pollyanna, skews optimistic by nature of its design.
By contrast to the S & P, the R2K tracks smaller, less well-known businesses.
In this way a call option will increase in value if the stock price rises through the strike price.
In this case the "at-the-money" straddle expiring this coming Friday, November 3rd, is priced at $7.70 or nearly 4.6% of the current stock price.
Persons:
Berkshire Hathaway, Tesla, Eli Lilly, ytd, Russell, Friday's
Organizations:
Reserve, U.S, Apple, Microsoft, Nvidia
Locations:
Europe, China, U.S, Berkshire