Fast Money Blog- 4/10/26
Once again, over the past week the stock market was greatly influenced by the war in Iran. S&P and Dow stocks are still rising and falling dramatically depending on whatever President Trump says to the press or tweets to the public.
There was a big relief-rally on Wall Street following Tuesday night’s announcement of a cease-fire hours before the deadline to avoid further U.S. strikes. The Dow Jones Industrial Average rose over 1,200 points sending stocks soaring, while oil prices dropped almost 18%.
Unfortunately, within a day stocks pulled back again as tensions between Israel and Iran flared and doubts over this temporary ceasefire rattled investors. All of this volatility has caused call option premiums to rise.
There was more bad news today, Friday, April 10th, when the March 2026 CPI report was released, showing a surge in annual inflation to 3.3%, driven largely by a 10.9% jump in energy costs following the Iran conflict. Monthly consumer prices rose 0.9%, with gasoline prices hitting a record 21.2% increase.
If you are a covered call writer you will notice that 3-week covered calls are your best friend.
Here’s a look at the 5 day price range of some of our favorite stocks in the Wealthy Investor program:
This past Monday AAPL stock opened at $256.51 and closed on Friday at $260.53.
This past Monday GOOG stock opened at $294.70 and closed on Friday at $315.72.
This past Monday WMT stock opened at $125.81 and closed on Friday at $126.77.
This past Monday TRV stock opened at $292.93 and closed on Friday at $297.26.
This market requires that you have to be smart about what stocks you trade, as well as patient!
Tyrone Jackson
The Wealthy Investor