Tony has 5 jobs listed on their profile. by Tony Zhang on 25 July 2014 in Blog. Benzinga does not provide investment advice. On CNBC's "Options Action," Tony Zhang said that 2020 is going to be a turnaround year for Cisco Systems, Inc. However, we were trading at this level just one week ago, so it’s worth examining the report to help determine our future … As of June 30, the pension fund owned 10,528,157 million shares of Gilead, which makes COVID-19 treatment candidate remdesivir, up from 4,353,093 shares as of March 31, while its Zoom Video stake increased to 341,358 shares from 61,070 shares. CalPERS trimmed its stakes in Apple to 9,171,757 shares from 10,190,498 shares and in Microsoft to 16,850,303 shares from 17,404,566 shares. All rights reserved.California Public Employees Retirement System (CalPERS) disclosed Wednesday that it more than doubled its shares stakes in Gilead Sciences Inc. and Zoom Video Communications Inc. , both of which have been beneficiaries of the COVID-19 pandemic, while it rebalanced its holdings of technology-behemoths Apple Inc. and Microsoft Corp. by trimming its stakes during the second quarter. Among other companies with COVID-19 vaccine candidates, the stake in Moderna Inc. increased to 599,997 shares from 449,100 shares and the Inovio Pharmaceuticals Inc. holding nearly doubled to 322,441 shares from 176,365 shares.

On CNBC's "Options Action," Tony Zhang suggested that traders should consider a bullish options trade in Microsoft Corporation (NASDAQ: MSFT), ahead of earnings. Zhang said that the options market is implying a move of 5.8% move in either direction and its average move on earnings is 7.4%.
We would like to show you a description here but the site won’t allow us. He helped build the OptionsPlay platform from the ground up and took it to the market for institutional and retail investors within 18 months. -Tony Zhang. The overall market value of CalPERS's equity holdings increased 22.7% to $101.41 billion, while the S&P 500 gained 20.0% in the second quarter. Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.Everything you need to know about the market - quick & easy.A daily collection of all things fintech, interesting developments and market updates. Our trend indicators have turned bearish and the stock has broken below support at $340.

Meanwhile, given the rallies in the stocks, the market value of CalPERS holding in Apple increased to $3.35 billion as of June 30 from $2.59 billion as of March 31, while the value of the Microsoft shares it held rose to $3.43 billion from $2.74 billion.

He likes its strong relative strength going into earnings, but he sees a limited upside for the stock.To make a bullish bet, Zhang wants to sell a put spread in the name because of its high implied volatility. Continue Reading Amazon’s Future. View Tony Zhang’s profile on LinkedIn, the world's largest professional community.

share on: Facebook Twitter Google + Tony Zhang is the chief strategist at OptionsPlay, a company that offers an intuitive yet sophisticated options trading platform aimed at removing complexity out of trading options to let users focus on making investment decisions. If you have any questions feel free to call us at 1-877-440-ZING or email us at

To capture a potential breakout, Zhang wants to buy the $47.50/$52.50 call spread for a total cost of $1.50.The trade breaks even at $49 or 3.31% above the closing price on Friday and it can maximally make a profit of $3.50.© 2020 Benzinga.com. As I write this, Amazon is trading at $323, down 10% from yesterday’s close due to its earnings report. He said that the stock has outperformed the market and the technology sector and it is trading less than 10% off its highs. By using this site you agree to the Specifically, he wants to sell the June 5, $172.50/$162.50 put spread for a credit of $4. On CNBC's "Options Action," Tony Zhang said that 2020 is going to be a turnaround year for Cisco Systems, Inc. CSCO, -0.71%.