On Friday’s CNBC’s Options Action, the crew analyzed the performance of the FANG stocks going into earnings next week. The top 5 tech stocks account for over 40% of the NASDAQ 100 index and 14% of the S&P 500 all report earnings next week. After performing on par with the market for the past 2 years, it has started to outperform recently which is bullish. Alphabet, in particular, has lagged the market but recently has started to catch up, Michael Khouw suggests buying a Feb 1185/1270 Call Vertical for a $26.30 Debit.
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