Options Trading News

July 12, 2013  Fri 1:47 AM CT

Producer prices and consumer sentiment are the main economic events today, though bank earnings could steal the show.

JP Morgan and Wells Fargo both report quarterly numbers before the opening bell. JPM is the biggest lender by deposits in the country and WFC is No. 4, according to Federal Reserve statistics. Other financial heavyweights including Citigroup Goldman Sachs, Bank of America, and Morgan Stanley follow next week.

On the economic front, June producer prices come out at 8:30 a.m. ET. The overall reading is expected to show an increase of 0.3 percent while the core number is forecast to increase 0.1 percent. The report is unlikely to have a big impact because inflation is not a big concern facing the market right now.

Consumer sentiment follows at 9:55 a.m. Economists predict a figure of 85, up from 84.1 last month. Next week begins on a similar foot, with the Commerce Department reporting monthly retail sales before Monday's open.
Share this article with your friends

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

View more education articles »