i need protectio >> you are buying o, two of those upsidell >> three. >> what i want do here, i t so fused on earnings. he i a stoc between 6 and 15 in the lasfew months here. it really hasn't fou a home yet there. is a lot of movg parts, think ll street has their hands full, trying to get their arms around it. what theoutlook will be. ing for it, i think, it has potential to beolatile. earnings, 6%. onverage or so. what i want to buy the august10, 11, i want to pay 115 for that bre even byugust expirati, 12, 15 on the up side, 8, on the down side. a proxy of wha could happenn themarket, if w are inflection point that may cause, you know, the may cause the market to go one y or theother. will pticipate one wayr the other. >> i willav to with mike on this one. i like dan's the sisz. you don'tave to pay athing up front. i like that. >>. >> notry trade is a winner. we will call out one on tom. after this friday. after the break. feyou'll never go backcker y y. ♪ don't you want me baby? ♪ don't you wanmehhhh! [ female annououncer wh? swiffer wetjet anticterial cleaner kills 99.9.9 perce

i need protectio >>he only guy or gal who may n thhing ishe broker, he's suggesting four-legged trades. >> thr-legged trades. no, you're buyg two. you're buying two the upside calls,ight? >>el three different strikes. >> what i wanto do here, i am not so focused on earnings. heres a stock between 6 and 15 in the last few mont here. it really hasn'tound a home yet the. theris lot of moving parts. i ink wall street has their hands full of ting to get thr arms around it and focusing on what t outlook will be r this name. g forward, i think it has potential to be votile. it hasn't found a home ye the implied move for earnings is 6% so what in i moves like that on average or so. what iant to do, buy the august 10, 11, i wt to pay 115 for that break even by august expiration, 12, 15 on e up side, 885, on the down side. a proxy of wt could happen in the mark, if we are inflection point that may cause, you know, the may cause the market to go one way or the oth. ge wilparticipate one way or the other. >> strangl are lower probabily ades. what's youtake? >> i said that so many times. i like das

>> i think he'll continue to do what he has so far, which is to resist protectio, sig onto plentys not to put on new barriers, and to contribute his full part to the resistance against trade back sliding. at the president has not yet done, hover, is the second part of the equatn, to move forward, to put out a positive agenda, to start aggreively pursuing the trade agen that will resolve the protectiost problein the united states. i n't think he'll do at this meeting suspect he will make his speech on trade before the g-20 summitin september that's the occasion where i think he wl lay out a design for anobama trade policy. i think itill be in the right direction. but we'll have t wait for that to get a clear picture of his strategy. >> susie: what doou think the direction will be? >> i think he will underake me serious new initiatives to resume u.s. leadershipof global trade localization. i think the doha roundin the world tradorganization is importanto the united stes. i think he'll want to change some of the details on it. but i think he'll support it strongly. i think he'll alsoant t

general tors says it will leave bankruptcy protectio tomorrow. tonight, a look at the new, leaner g.m. >> t biggest risk right now is doing nothing becausthe current economicituation is such that we can fix the economy without fixing healthcare. >> susie: we talk heth care reform wh kathleen sebelius, secretary of health and hun services. >> paul: from discounters to shops at the mall,he nation's retaers can't seem to shake the recession. its a end likely to continue as more and more consume tighten belts. and get down to thbusiness of savi. >> susie: e of uncle sam's ggest investments took a big hit today. shares of a.i.g. plunged, afr one analyst sa there's a good ance those shares are virtually worthless. >> paul: i'm paul kaas. >> susie: and i'm sie gharib. this is "nightly busines report" for thuray, july 9. ightly business report" is made possible b this program was me possible byontributions to your pbs station from viewers like yo thank you. 7//& >> susie: goodvening, everyone the coast is clear foreneral motors to get out bankruptcy, tom