Options Trading News

December 6, 2012  Thu 7:12 AM CT

Stocks are little-changed in early trading as investors focus on the so-called fiscal cliff and wait for key jobs data tomorrow.

European indexes are broadly higher, led by a gain of almost 1 percent in Germany, after the region's central bank left interest rates unchanged. Asian markets were little changed in the overnight session.

The S&P 500 is now hovering in the middle of its range over the last three months. It defied most expectations by touching a four-year high in mid-September, only to decline by 9 percent in the next two months after worries about government finances led dozens of companies to lower guidance. The main focus now is Washington, where politicians must agree to narrow the budget deficit or trigger tax increases and spending cuts on Jan. 1.

Foreign exchange and commodities are painting a mixed picture. The euro is mostly unchanged against the U.S. dollar, while the Australian and Canadian currencies are slightly higher. The Japanese yen is gaining, a potentially bearish signal. Commodities are also mostly lower as oil, copper, and silver are all down modestly.

In addition to the talks in Washington, attention will focus on U.S. jobs data. Challenger, Gray & Christmas said that planned layoffs rose by more than 9,000 in November, partly because Hostess Brands went bankrupt. The bigger news will be weekly initial jobless claims at 8:30 a.m. ET, followed by monthly non-farm payrolls at the same time tomorrow.

In company-specific news, Lululemon Athletica is down by almost 5 percent after warning of slower sales growth. Vera Bradley and Men's Wearhouse are also indicated lower on weak outlook.
Share this article with your friends

Related Stories


Stocks keep upward momentum

October 5, 2015

S&P 500 futures are up 0.7 percent, while most of Europe is up 2-3 percent. Asian markets rose 1-2 percent overnight.


ISM services lead quiet agenda

October 5, 2015

The agenda quiets this week, though quarterly earnings will begin to flow. European retail sales are the first event early in the session and may have affect sentiment.


Stocks drop after weak jobs report

October 2, 2015

S&P 500 futures are down more than 1 percent after non-farm payrolls missed forecasts. Bonds and gold moved higher.


Monthly job report leads calendar

October 2, 2015

Due at 8:30 a.m. ET, the report is expected to show that 205,000 jobs were added last month, up from August's 173,000 gain.


Stocks higher before ISM report

October 1, 2015

S&P 500 futures are up 0.2 percent but well below their pre-market peak. Europe has traded similarly, with Germany turning negative while France and Italy are up about 0.8 percent.

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

Premium Services

Archived Webinar

Education & Strategy

Options Academy: More on the Covered Call Strategy

Last week, we talked about the Covered Call and the misconceptions that surround it. We spoke about how an investor must realize that the Covered Call is actually a premium collection strategy and not so much a directional one. If an investor can grasp this idea, the investor stands to do a heck of a lot better in the strategy than they currently do.

View more education articles »