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S&P rises over 2%, the best in nearly two years, with chip stocks up about 7%, Nasdaq and Chinese stocks up 2.8%, and US Treasury yields and the yen falling for three consecutive days.
The latest employment data alleviates concerns over the US economy, and US stocks rose more than 1.7%. Nvidia's stock rose more than 6%, and Tesla, Alibaba, PDD Holdings, and Tencent ADR rose more than 3%. Bullish on weight loss drug reports, Eli Lilly and Co's stock rose more than 13%, and Novo-Nordisk A/S's US stock rose nearly 8%. The 10-year US Treasury yield rose above 4%, and short-term bond yields rose by 10 basis points. Oil prices rose for the third consecutive day, gold halted its five-day decline, and digital currency had a big increase.
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Thursday Trading
Express News | Goldman Sachs Group's Short Position in Bilibili Increases to 3.55% on Aug 5 From 2.89% - HKEX
Trending Industry Today: Meta Data Leads Losses In Online Education Stocks
Bilibili Options Spot-On: On August 6th, 50,423 Contracts Were Traded, With 668.88K Open Interest
Trending Industry Today: New Oriental Leads Gains In Online Education Stocks
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104249546 : What does put mean? Buy or sell?
151162641 : Put is the right to sell while call is to buying right at the certain time
ChartTrader OP 104249546 : Put mean you earn money when the price go down. I have a put at 190 mean no matter Tesla drop to 180 or 150 or 100, my loss is limited by the 190 Put.
For this case price stay below 190, is my highest loss. Loss from my buy price of 198 and Option Premium.
104931295 : And what happens if the price stay above 190? Difference = loss?
ChartTrader OP 104931295 : my breakeven point at 203. Above 203 means positive and below it means negative. Until end of next week