Before we get to this week's deep-in-the-money call option discussion, let's take a brief look at what's happening in sports. The divisional races in baseball remain extremely tight with the exception of the National League East, where the Mets are threatening to lap the field. The Phillies are falling from contention; the Braves have descended into oblivion.
In hockey, the Carolina Hurricanes, led by rookie goaltender Cam Ward, conquered the Edmonton Oilers in Game 7 of the Stanley Cup finals. This allowed several veterans on the Hurricanes to hoist the Stanley Cup after waiting more than a decade to do so.
In basketball, the Miami Heat, led by Dwayne Wade, the latest heir apparent to Michael Jordan, beat the Dallas Mavericks by winning four straight games after losing the first two, to claim their first NBA championship. For Pat Riley and Shaquille O'Neal, this represents more hardware for their trophy cases. For the Heat's Alonzo Mourning, it's the culmination of a journey, which included a kidney transplant along the way.
Italy, England, Argentina, Germany and Portugal have moved on to the quarterfinals of the World Cup. The remainder of the quarterfinal participants will be decided today and tomorrow. Alas, the U.S. can converse in the international language of futbol, but it apparently has not mastered the street lingo necessary to win at this level.The last noteworthy item this week was the relatively quiet announcement, on the eve of Wimbledon, that Andre Agassi will be retiring from competitive tennis after the U.S. Open at Flushing Meadows. Agassi's career has spanned two decades, with each respective decade representative of a different Andre. The first decade gave us a brash 16-year-old from Las Vegas, who exploded onto the scene with his "image is everything" persona. That included his long, flowing locks and nontraditional outfits that turned the traditionally conservative tennis establishment upside down. The second decade saw an Andre who rededicated himself with a herculean workout regimen and reinvented his image with a shaved head, a respect for the game, and a comfort level that comes with maturity.