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Options Trading News

May 9, 2012  Wed 1:16 AM CT

XLF: SEE CHART GET CHAIN FIND STRATEGIES
Beyond the ongoing Eurozone developments, traders will be focused on mortgage data on today's economic calendar.

MBA mortgage-purchase applications for March will be released at 7 a.m. ET. There are no forecasts for this report, which came in at 0.1 percent in its last reading.

March wholesale inventories will follow at 10 a.m. ET. The consensus expection is 0.6 percent, down from 0.9 percent in the previous month. Estimates range from 0.4 percent to 0.9 percent.

Weekly EIA petroleum figures are set to released at 10:30 am ET. Last week's report came in at 2.84 million barrels.

A series of Federal Reserve President speeches will begin at 10:45 a.m. ET, starting with Cleveland Federal Reserve Bank President Sandra Pianalto. Next will be Philadelphia Federal Reserve Bank President Charles Plosser at 12 p.m. ET.

A 10-year Treasury note auction will cap off the day at 1 p.m. ET.


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