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April 25, 2013  Thu 1:16 AM CT

UNG: SEE CHART GET CHAIN FIND STRATEGIES
Weekly jobless claims are the main economic report on today's calendar, and the earnings lineup remains active.

The Labor Department will release the data at 8:30 a.m. ET. Economists expect that 351,000 Americans filed for first-time unemployment benefits, down from 352,000 last week. A higher number may be interpreted bearishly because it would mean that more people had lost their jobs, while a lower one would be bullish.

The Energy Department will announce weekly natural-gas inventories at 10:30 a.m. ET. Corporate results are scheduled from companies including 3M, ConocoPhillips, Dow Chemical, Exxon Mobil, Colgate-Palmolive and Hershey in the morning session. The afternoon brings Amazon, Expedia, KLA-Tencor, and Starbucks.

The focus will return to macronomic data tomorrow morning when the Commerce Department announces its advance estimate of first-quarter gross domestic product.
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Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

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