OptionsHouse

Options Trading News

November 26, 2013  Tue 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar focuses on residential real estate, with some other key reports.

Housing starts and building permits for October get the ball rolling at 8:30 a.m. ET. Economists expect annualized readings of 920,000 and 932,000. September numbers will be released at the same time, delayed because of last month's government shutdown.

The Case-Shiller and FHFA home price indexes follow at 9 a.m. ET. Case-Shiller is expected to show a 13 percent increase for September, while there are no forecasts for FHFA.

Consumer confidence at 10 a.m. ET is probably the most important data point. Economists anticipate a reading for 72.4, up from 71.2 in October. The Richmond Federal Reserve also releases its regional economic-activity index at the same time.

Companies issuing results this morning include Barnes & Noble, Chico's, JA Solar, LDK Solar, and Tiffany. Technology heavyweight Hewlett-Packard and chip maker Analog Devices follow in the afternoon.

Tomorrow's agenda includes durable-goods orders in the morning, initial jobless claims (moved up from Thursday because of Thanksgiving), the Chicago Fed's regional index, and the Chicago purchasing managers index.

The market is closed all day Thursday and closes at 1 p.m. ET on Friday.

Next week is busy, starting with important global manufacturing data and ending with key employment numbers.
Share this article with your friends


OptionsHouse

Premium Services

Upcoming Webinar:

Using Options For Income

http://bit.ly/1nY1OKA

Jon Najarian and Adam Mesh of Options Wealth Machine discuss a detailed strategy utilizing credit spreads to generate income, and how any level of trader can use this simple trading technique.

Education & Strategy

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.

View more education articles »