OptionsHouse

Options Trading News

September 12, 2012  Wed 1:31 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Today's economic calendar will include mortgage data, import and export prices, wholesale inventories, oil supplies, and the beginning of the Federal Open Market Committee's monthly two-day meeting.

The day begins with the weekly MBA mortgage-purchase applications at 7 a.m. ET. There are no forecasts for this report, which showed a reading of -2.5 percent in the previous week.    

Export prices for August will come out at 8:30 a.m. ET. The consensus expectation is for prices to remain unchanged at 0.5 percent. Estimates range from zero to 0.9 percent.

Import prices will be released at the same time, with the consensus forecast calling for a 1.5 percent gain in August, up from July's -0.6 percent. The range of expectations is from 0.4 percent to 1.9 percent.

July wholesale inventories are scheduled for 10 a.m. ET. The consensus estimate is a rise of 0.4 percent from June's -0.2 percent, within a range of zero to 0.8 percent.

The weekly EIA petroleum inventories will be reported at 10:30 a.m. ET release. The previous week's release showed a draw of -7.426 million barrels.

A 10-year Treasury note auction is the last scheduled event of the day, at 1 p.m. ET.

Tomorrow's calendar will be focused on the Fed's meeting announcement at 12:30 p.m. ET, followed by Chairman Ben Bernanke's press conference at 2:15 p.m. ET.
Share this article with your friends


Related Stories

XLF

Put buying shows caution in financials

September 27, 2016

Traders are positioning for a possible drop in the SPDR Financial Fund, which is up 9 percent in the last three months.

XLF

Calls buyers charging into financial fund

September 21, 2016

Heavy October trading is looking for gains in the SPDR Financial Fund, which has risen 4 percent in the last three months.

XLF

Will financials head higher by Christmas?

September 20, 2016

The SPDR Financial Fund has risen 5 percent in the last three months, and traders are looking for more gains by the end of the year.

OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Education & Strategy

Using spreads to minimize risk

Last week we discussed the risk vs reward profile of a debit call spread in Wells Fargo (WFC). This week we will run thru the risk vs reward of selling a credit put spread to achieve the same exposure of that debit call spread.

View more education articles »