Tuesday Market News

• ValueAct is an activist investor that has taken a $1.2 billion stake in Citigroup. It was announced yesterday afternoon and drove the price of Citigroup up along with the whole financial sector while most stocks were down today in anticipation for Trump's announcement on Iran sanctions.
• Turn around Tuesday was interesting. Alphabet (GOOGL) hit 1065 before falling down to 1051. It touched it again at 11am and was up from there. The middle of the day high was just over 1060, came down to 1057 and spiked up along with the rest of the market about 5 minutes into Trump speaking. I bought a 1055 Put for 6 and sold it for 7. Google continued lower to 1055 and I could have sold that Put for just under 9 before coming back up to 1060.
• Boeing bottomed at noon just under 337, so I bought call options. I had 10 with the average cost of 2.05 per contract. I place a limit sell order for 3, but changed it to 2.5 as we got closer to 2pm. I missed out on at least $500 as Boeing spiked up to 341 during the speech before coming down quickly to 337. There was news about Boeing having a contract to sell plans with an Iranian company and so it is unclear how the market will react to Boeing for the rest of the week. I would expect it to start down tomorrow to 335, move up to 342 and possibly higher. 
• Home Depot had a nice run up this morning before changing direction to the downside around 11am. HD still finished up for the day. Walmart was a boring stock all day until it moved up at the end of the day.
• As will other Trump speeches, everything spikes in the market a couple of minutes into the speech and comes down quickly after the speech. Great for option day traders. Plan accordingly.
• Disney reported better than expected earnings after the market close today. There is very little movement after hours. Disney doesn't move much as it is so option sellers would love this. Everything might be different tomorrow, but I wouldn't count on it.