Options Trading News

May 2, 2013  Thu 6:21 AM CT

Initial jobless claims at 8:30 a.m. ET is the only release on today's calendar.

Economists expect that 346,000 people sought unemployment benefits for the first time last week, up from 339,000 in the prior period. Lower readings would be considered positive because it would mean that fewer Americans lost their jobs, while the opposite would be true in the event of a higher number.

The report will also be viewed as an early indicator of the pivotal non-farm payrolls report for April, due out tomorrow morning at the same time.
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The covered call and unhedged risk

I have written a few things on the Covered Call Strategy over the last two weeks. Please understand that those two previous articles plus this one do not constitute a proper, fully in-depth lesson on the Covered Call Strategy like we have in our classes at Option Monster Education. I have picked out a few topics that I believe were worth noting and today I am going to add the final one.

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