OptionsHouse

Options Trading News

September 14, 2012  Fri 1:16 AM CT

RTH: SEE CHART GET CHAIN FIND STRATEGIES
The economic calendar will be active again today, covering inflation numbers, retail sales, industrial data, and consumer sentiment.

The day begins with the consumer price index for August at 8:30 a.m. ET. The consensus forecast for the inflation report calls for a gain of 0.6 percent, compared with July's zero print and within an estimated range of 0.2 percent to 0.9 percent. Excluding food and energy, the CPI forecast is 0.2 percent, up from July's 0.1 percent and within a range of 0.1 percent to 0.2 percent.

Retail sales for August will also come out at 8:30 a.m. ET. The consensus expectation is for sales to remain unchanged from July's 0.8 percent reading, with estimates ranging from 0.3 percent to 1.5 percent.

The number is also expected to stay unchanged at 0.8 percent excluding cars. Without both autos and gasoline, the consensus projection is 0.4 percent, down from July's 0.9 percent and within a range of 0.3 percent to 0.8 percent.

Industrial production for August is scheduled for 9:15 a.m. ET. The consensus forecast is -0.1 percent, down from July's 0.6 percent, with estimates ranging from -1.0 percent to 0.3 percent.

August's capacity utilization rate is expected to come in at 79.2 percent, down from July's 79.4 percent and within an estimated range of -0.5 percent to 0.2 percent. The manufacturing rate is forecast at -0.2 percent, a decline from July's 0.5 percent, with estimates ranging from -0.5 percent to 0.2 percent.

The University of Michigan Consumer Sentiment report for September will come out at 9:55 a.m. ET. The consensus expectation calls for a print of 73.5, down from 74.5 in August, with estimates of 73 to 75.

Business inventories for July will follow at 10 a.m. ET. Analysts expect inventories to come in at  0.5 percent, a gain from June's 0.1 percent. Estimates range from 0.1 percent to 0.6 percent.

The last scheduled event is a speech by Atlanta Federal Reserve Bank President Dennis Lockhart at 1 p.m. ET.
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 »