NewsletterWeeklyMonday, May 4, 2026
Weekly Trading Briefing — Week of May 4 — May 8, 2026 | CoveredCalls.live
Weekly Trading Briefing
Week of May 4 — May 8, 2026
SPY (Friday Close)
▲ 720.65
+0.28%
QQQ (Friday Close)
▲ 674.15
+0.96%
VIX
0.00%
Last Friday's Market Close
SymbolNameCloseChange
SPY SPDR S&P 500 ETF $720.65 +0.28%
QQQ Invesco Nasdaq QQQ $674.15 +0.96%
DIA Dow Jones ETF $495.02 -0.33%
IWM Russell 2000 $279.28 +0.47%
Market Headlines This Week
1

Big Tech earnings show how big, smart spending can be rewarded by the market

It's obvious from this quarter that the bubble talk has been proven wrong.

2

‘Misplaced euphoria’: Markets are sleepwalking into a recession amid Iran war oil price shock

As US equities hit fresh highs, strategists warn that investors are downplaying the impact of soaring oil prices.

3

Kashkari says Iran war limits Fed's ability to provide rate guidance - Reuters

Kashkari says Iran war limits Fed's ability to provide rate guidance  Reuters

4

Jim Cramer's top 10 things to watch in the stock market Monday

Huge call on Alphabet, GameStop makes a hostile bid for eBay, and lots of love for Linde.

5

Gold falls as Middle East jitters fuel inflation fears, dollar firms - Reuters

Gold falls as Middle East jitters fuel inflation fears, dollar firms  Reuters

6

Yen rises sharply before unwinding, intervention remains on radar of markets - Reuters

Yen rises sharply before unwinding, intervention remains on radar of markets  Reuters

High-Impact Events This Week ★★★
EventStarsDayEst.
ISM Services PMI ★★★ 2026-05-05 53.7
JOLTs Job Openings ★★★ 2026-05-05 6.83
Non Farm Payrolls ★★★ 2026-05-08 60
Unemployment Rate ★★★ 2026-05-08 4.3%
Michigan Consumer Sentiment Prel ★★★ 2026-05-08 49.5
Earnings This Week
SymbolCompanyEPS Est.Date
AESI ATLAS ENERGY SOLUTIONS INCORPORATED $-0.17 2026-05-04
ARES ARES MANAGEMENT CORP - CLASS A $1.46 2026-05-04
BCRX BIOCRYST PHARMACEUTICALS INCORPORATED $0.06 2026-05-04
CE CELANESE CORP - SERIES A $0.81 2026-05-04
CRGY CRESCENT ENERGY COMPANY $0.39 2026-05-04
CRH CRH PLC $0.28 2026-05-04
ERO ERO COPPER CORP $1.13 2026-05-04
FANG DIAMONDBACK ENERGY INC $2.56 2026-05-04
HIMS HIMS & HERS HEALTH INC - CLASS A $0.02 2026-05-04
IPI INTREPID POTASH INC $0.54 2026-05-04
L LOEWS CORP 2026-05-04
NVTS NAVITAS SEMICONDUCTOR CORP $-0.07 2026-05-04
OCUL OCULAR THERAPEUTIX INC $-0.32 2026-05-04
ON ON SEMICONDUCTOR CORP $0.62 2026-05-04
PLTR PALANTIR TECHNOLOGIES INC - CLASS A $0.22 2026-05-04
Weekly Trading Covered Calls

⚡ Trading Picks — Active Management Required

These are short-term covered call setups selected for trading, not passive income. Proportional allocation: 2 positions per timeframe band. Requires daily monitoring.

Weekly Trade · 2–15d 2–15 DTE — fast premium, high gamma risk. For active traders only.
SymbolName StrikeExpiryDTE PremiumIV Ann.RetCushion
AEHR Aehr Test Systems $90 2026-05-15 14d $10.70 123.7% 205.4% 14.5%
AXTI AXT Inc $90 2026-05-15 14d $14.25 159.2% 206.5% 20.4%
Monthly Trade · 16–35d 16–35 DTE — classic monthly income cycle. Balance of premium vs time decay.
SymbolName StrikeExpiryDTE PremiumIV Ann.RetCushion
SOXL Direxion Daily Semiconduct $130 2026-05-22 21d $15.00 118.6% 186.7% 11.3%
AEHR Aehr Test Systems $91 2026-05-22 21d $12.30 125.4% 181.6% 14.9%
45-Day Cycle · 36–65d 36–65 DTE — the sweet spot for theta decay. More time to manage.
SymbolName StrikeExpiryDTE PremiumIV Ann.RetCushion
AXTI AXT Inc $95 2026-06-18 48d $20.15 146.5% 148.1% 21.6%
PL Planet Labs PBC $37 2026-06-18 48d $6.05 112.7% 123.6% 16.0%

This weekly briefing is generated automatically every Monday before the US market open. Market data sourced from Finnhub. Covered call picks are selected algorithmically using CCL Score. Not financial advice. These are trading-oriented picks requiring active risk management. Always verify fills with your broker.

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