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May 14, 2013  Tue 2:15 AM CT

EWG: SEE CHART GET CHAIN FIND STRATEGIES
There are few events on today's calendar, but activity picks up tomorrow.

Germany's Zew survey of financial sentiment and Eurozone industrial production will both be released early in the morning. The only U.S. data report, export and import prices at 8:30 a.m. ET, is unlikely to sway sentiment.

Tomorrow brings gross domestic-product numbers from European nations, U.S. producer prices, the NAHD homebuilder sentiment report, and the New York Federal Reserve's regional Empire manufacturing index. Deere and Computer Sciences also report earnings before the opening bell.

Thursday features initial jobless claims, housing starts, and building permits, plus quarterly results from Wal-Mart Stores.
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The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

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