Options Trading News

September 6, 2012  Thu 1:16 AM CT

Today's economic calendar features key labor releases ahead of the widely anticipated federal Employment Situation Report tomorrow.

The day begins with the Challenger Job Cut Report at 7:30 a.m. ET. This release is considered a leading indicator because it includes layoffs that have been announced but not yet implemented.

The ADP Employment Report for August will follow at 8:15 a.m. ET. The consensus expectation is 149,000 for private payrolls, down from July's 163,000. Estimates range from 90,000 to 165,000.

Next up are the weekly Jobless Claims numbers at 8:30 a.m. ET. New filings are expected to come in at 370,000, down from the previous week's 374,000 and within an estimated range of 365,000 to 380,000. The consensus forecast for continuing claims is 3.3 million, down from 3.316 million.

The Bloomberg Consumer Comfort Index will be released at 9:45 a.m. ET.

The ISM non-manufacturing index for August will come out at 10 a.m. ET. Analysts are expecting a print of 53, up from July's 52.6. The range of estimates is from 51.5 to 53.5.

The government's Quarterly Services Survey will also be released at 10 a.m. ET.

The weekly EIA natural-gas inventories will be reported at 10:30 a.m. ET, followed by the EIA petroleum supplies at 11 a.m. ET. The last crude-oil report showed a build of 3.778 million barrels.

A 30-year Treasury bond announcement is scheduled for 11 a.m. ET. The Fed balance sheet and money supply figures will be the last report on the docket, at 4:30 p.m. ET.
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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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