Options Trading News

August 29, 2013  Thu 1:16 AM CT

Revised economic growth numbers and initial jobless claims are the main items on today's calendar.

Economists expect second-quarter gross domestic product to have expanded 2.1 percent, compared with the previous estimate of 1.7 percent. Jobless claims are forecast at 330,000, down from 336,000 the previous week. Higher readings would be bullish on the GDP number, while lower readings would be positive on claims. Both will be released at 8:30 a.m. ET.

Natural-gas inventories follow two hours later, which could affect sentiment among energy stocks.

Salesforce.com and OmniVision Technologies report earnings after the closing bell. Japan is also scheduled to announce several important numbers this evening, including industrial production and its purchasing managers index. Those could affect trading Friday morning.

Tomorrow's only report is the Chicago Purchasing Managers Index.

The calendar is more active next week, starting with Chinese manufacturing data late Sunday night. The Institute of Supply Management's key manufacturing index follows on Tuesday.

Thursday brings a slew of headlines: European manufacturing data, the European Central Bank's monetary announcement, retailer monthly same-store sales and ADP private-sector payrolls. It climaxes Friday morning with the pivotal non-farm payrolls report.
Share this article with your friends

Related Stories


Weak China data pressures stocks

October 13, 2015

S&P 500 futures are off 0.4 percent, while Nasdaq 100 futures are down 0.5 percent, but both are off their worst levels of the pre-market session.


J&J, JP Morgan, Intel earnings due

October 13, 2015

Another speech by a Federal Reserve official is on tap for this morning, but attention will quickly turn to quarterly results as the season begins in earnest.


Futures little-changed after rallies

October 12, 2015

Stock-index futures are little-changed this morning after last week's rallies, as U.S. trading is expected to be thin on this Columbus Day federal holiday.


Three Fed speeches on calendar

October 12, 2015

The markets are open on today's Columbus Day session, but no major economic releases are scheduled as attention turns increasingly to corporate earnings.


Rally continues, lifted by commodities

October 9, 2015

S&P 500 futures are up 0.2 percent, while most of Europe is higher by more than 1 percent. Tokyo and Shanghai led Asia with gains of more than 1 percent as well.



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 »