Options Trading News

July 12, 2012  Thu 1:31 AM CT

The economic calendar for today will focus on weekly jobless claims and import and export prices.

New unemployment filings are expected to rise to 375,000 from 374,000 last week, within an estimated range of 355,000 to 395,000. Continuing claims are expected to come in at 3.3 million, down from the previous week's 3.306 million.

Export prices for June are forecast at -0.2 percent, a rise from May's -0.4 percent and within an estimated range of -0.7 percent to 0.2 percent. Import prices for June are expected at -1.9 percent for June, a decline from May's -1.0 percent and within a range of -2.8 percent to -0.1 percent.

The weekly Bloomberg Consumer Comfort Index is scheduled for 9:45 a.m. ET, followed by the EIA natural-gas inventory report at 10:30 a.m. ET. A 30-year Treasury bond auction will begin at 1 p.m. ET.

The Treasury budget for June will be released at 2 p.m. ET. The consensus expectation is a print of -$75 billion, compared with -$124.6 billion in May. Estimates range from $-80 bllion to -75 billion.

Closing out the calendar will be a speech by San Francisco Federal Reserve Bank President John Williams at 3:40 p.m. ET.
Share this article with your friends



The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

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.

View more education articles »