The main event this week is options fundamentals — specifically the difference between calls and puts, how each one works, and when you'd actually use them. We break it down without the jargon: what a call option is, what a put option is, how covered calls generate income on shares you already own, and why options expiring worthless isn't a footnote — it's a central feature of how they work.
Before we get there, we run through the market stories worth knowing right now: the SpaceX IPO and why it won't be in the S&P 500 anytime soon, the trillion-dollar Nasdaq wobble that almost entirely recovered by close, what the Anthropic and OpenAI IPO filings actually mean, the EOSE situation as a case study in what can go wrong, and the transition from Jerome Powell to Kevin Warsh at the Federal Reserve.
Stock spotlight this week is $GLW — Corning Incorporated. A 175-year-old industrial company that quietly became one of the hottest AI infrastructure plays on the market. We explain how and why.
HomeRun FatPitch is for educational purposes only. Nothing on this show is financial advice.
Show Notes
1. “SpaceX Blasts Off with a Record-Breaking $75 Billion IPO,” NPR, June 11, 2026, accessed June 17, 2026, https://www.npr.org/2026/06/11/nx-s1-5853199/spacex-ipo-price-elon-musk.
2. “S&P Dow Jones Indices Consultation on Treatment of MegaCap Companies — Results,” S&P Global, June 4, 2026, accessed June 17, 2026, https://press.spglobal.com/2026-06-04-S-P-Dow-Jones-Indices-Consultation-on-Treatment-of-MegaCap-Companies-Results.
3. “Some Indexes Accelerate Entry for Massive IPOs,” Charles Schwab, accessed June 17, 2026, https://www.schwab.com/learn/story/some-indexes-accelerate-entry-massive-ipos.
4. Shawn Tully, “How the AI Trade Wiped Out $1 Trillion from the Nasdaq and S&P 500 in a Single Day,” Fortune, June 9, 2026, accessed June 17, 2026, https://fortune.com/2026/06/09/nasdaq-100-sp-ai-trade-semiconductors-spacex-ipo/.
5. “Eos Energy Enterprises Reports Fourth Quarter and Full Year 2025 Financial Results; Delivers More than 7x Year-Over-Year Revenue Growth and Initiates 2026 Revenue Guidance,” Eos Energy Enterprises, Inc., February 26, 2026, accessed June 17, 2026, https://investors.eose.com/news-releases/news-release-details/eos-energy-enterprises-reports-fourth-quarter-and-full-year-2025.
6. “EOSE 8-Day Deadline Alert: Eos Energy (EOSE) Facing Securities Class Action Alleging Misstatements on Production Scale, Guidance,” Hagens Berman, PR Newswire, April 27, 2026, accessed June 17, 2026, https://www.prnewswire.com/news-releases/eose-8-day-deadline-alert-eos-energy-eose-facing-securities-class-action-alleging-misstatements-on-production-scale-guidance--hagens-berman-302754833.html.
7. Joseph Mastrangelo, Form 4 filings, U.S. Securities and Exchange Commission, EDGAR database, accessed June 17, 2026, https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=EOSE.
8. “Eos Energy Enterprises Appoints Alessandro Lagi as Chief Financial Officer to Advance American Storage Infrastructure at Scale,” Eos Energy Enterprises, Inc., April 30, 2026, accessed June 17, 2026, https://investors.eose.com/news-releases/news-release-details/eos-energy-enterprises-appoints-alessandro-lagi-chief-financial.
9. “Eos Energy Enterprises Reports First Quarter 2026 Financial Results and Announces Frontier Power USA,” Eos Energy Enterprises, Inc., May 13, 2026, accessed June 17, 2026, https://investors.eose.com/news-releases/news-release-details/eos-energy-enterprises-reports-first-quarter-2026-financial.
10. “Kevin Warsh Takes Oath of Office as Chairman and a Member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee Unanimously Selects Warsh as Its Chairman,” Board of Governors of the Federal Reserve System, May 22, 2026, accessed June 17, 2026, https://www.federalreserve.gov/newsevents/pressreleases/other20260522a.htm.
11. “Kevin Warsh Sworn in as Fed Chair at Pivotal Moment for US Economy,” CNN Business, May 22, 2026, accessed June 17, 2026, https://www.cnn.com/2026/05/22/economy/kevin-warsh-sworn-in-fed-chair.
12. “Kevin Warsh, Chairman,” Board of Governors of the Federal Reserve System, accessed June 17, 2026, https://www.federalreserve.gov/aboutthefed/bios/board/warsh.htm.
13. “Stock Market Today (June 2, 2026): S&P 500 Finishes Above 7,600 for the First Time as Chip Boom Continues,” TheStreet, June 2, 2026, accessed June 17, 2026, https://www.thestreet.com/stock-market-today/stock-market-today-dow-jones-sp-500-nasdaq-updates-june-02-2026.
14. “The S&P 500 Reached New All-Time Highs in May After Nine Consecutive Weeks of Gains, with the Index Up 11.3% So Far in 2026,” ECIKS, accessed June 17, 2026, https://eciks.org/7560-25709-invest-sp500-record-highs-2026.
15. Simply Wall St, “Apple Partnership Expands Corning (GLW) U.S. Glass Production With $3 Billion Investment,” Yahoo Finance, August 7, 2025, accessed June 17, 2026, https://finance.yahoo.com/news/apple-partnership-expands-corning-glw-053707002.html.
16. Robert Castellano, “From Gorilla Glass to AI Leader: How Corning Transformed Itself Into the Leader AI Data Center Stock,” 24/7 Wall St., April 28, 2026, accessed June 17, 2026, https://247wallst.com/investing/2026/04/27/from-gorilla-glass-to-ai-leader-how-corning-transformed-itself-into-the-leader-ai-data-center-stock/.
17. “Is Corning a Good Buy After Multibillion-Dollar Amazon AI Deal?” MarketWise, June 16, 2026, accessed June 17, 2026, https://marketwise.com/investing/corning-stock-analysis-amazon-ai-deal/.
18. Lucas Downey, “Corning (GLW) Stock Price & Overview,” StockAnalysis.com, May 6, 2026, accessed June 17, 2026, https://stockanalysis.com/stocks/glw/.
19. “Corning Incorporated (GLW) Stock Price, News, Quote & History,” Yahoo Finance, accessed June 17, 2026, https://finance.yahoo.com/quote/GLW/.
Don't swing at every pitch. Wait for the fat one.
DISCLAIMER: HomeRun FatPitch is an educational program only. Nothing heard or read on this platform constitutes financial advice, investment advice, trading advice, or any other kind of advice. HomeRun FatPitch is not a licensed financial advisor. Always conduct your own due diligence and consult a licensed financial professional before making any investment decisions. Options trading involves significant risk, including the potential loss of the entire amount invested.
© 2026 HomeRun FatPitch | homerunfatpitch.com | @HomeRunFatPitch | [email protected]
