OptionsHouse

Options Trading News

March 27, 2013  Wed 7:06 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks are lower this morning amid ongoing worries in Europe and as the S&P 500 hovers near long-term highs.

Index futures are down almost half a percent and have been weaking in the last hour. Most bourses across the Atlantic are shedding a full percentage point or more. Asian markets were positive in the overnight session following a strong move yesterday in the United States.

While Cyprus is implementing control measures to stabilize its banks, the onerous terms of the arrangement -- confiscating money from large depositors -- are making investors nervous. A poor debt sale and signs of continued political disarray in Italy are qadding to the concerns.

The S&P 500 has spent the last two weeks near its all-time high from October 2007, supported by strong momentum and economic conditions in the U.S. The situation has been weaker in Europe, where the euro has slid steadily since the beginning of February and benchmarks like the CAC-40 and German DAX have been falling since mid-March.

There are no major economic reports or corporate earnings today.

Commodities and currencies are painting a broadly bearish picture as assets associated with risk get sold. The euro continued to fall and is now down to its lowest levels since November. The Canadian dollar and Australian dollar also declined, while the safe-haven Japanese yen is higher across the board. Oil, copper and precious metals are all lower. Agricultural foodstuffs are mixed.
Share this article with your friends


Related Stories

SPX

Futures climb after jobs report

July 2, 2015

S&P 500 rose 0.3 percent, up from an earlier gain of 0.1 percent after non-farm payrolls missed estimates by a small margin.

SPX

Job data in focus before holiday

July 2, 2015

Non-farm payrolls, moved forward from Friday, and weekly jobless claims are due at 8:30 a.m. ET. Factory orders for May follow at 10 a.m. ET.

SPX

Stocks hold gains after jobs data

July 1, 2015

S&P 500 futures rebounded 0.8 percent as investors look past the Greek debt crisis and focus on economic news. Europe was broadly higher while bonds continue to fall.

SPX

ADP jobs, ISM lead busy agenda

July 1, 2015

Mortgage applications are today's first U.S. headline, followed by ADP private-sector payrolls and the Institute for Supply Management's manufacturing index.

SPX

Cramer: 7 reasons for a selloff

June 30, 2015

At least seven issues would have driven us down at least 1 percent yesterday. And you can tack on another 0.75 percent from the moves by parties on both side of the Greek crisis.

OptionsHouse

Premium Services

Archived Webinar

Education & Strategy

Real vs. Synthetic

We now know that there are two ways of creating a call position, a put position, and a stock position. We can simply use the actual real security or we can recreate it synthetically. We can create these positions in both long and short forms and this ability sets up an interesting scenario--an arbitrage!

View more education articles »