OptionsHouse

Options Trading News

November 2, 2012  Fri 7:07 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stock futures are hovering this morning before the key October jobs report an hour before the market opens.

The S&P 500 is little-changed in early trading after gaining more than 1 percent yesterday. European markets are negligibly lower, while most Asian markets rose in the overnight session.

Attention is firmly fixed on the labor report, which is expected to show the addition of 125,000 jobs. It follows mostly positive economic data yesterday, when initial jobless claims and ADP private-sector payrolls were both more bullish than expected.

The data will give key clues the strength of the economy, helping investors decide whether to look past weak corporate forecasts in hope of better growth in coming quarters.

Commodities and currencies are reflecting modest risk aversion before today's numbers. Oil, copper, silver, and gold are all lower by less than 1 percent, while agricultural foodstuffs are mixed to slightly positive.

The U.S. dollar is stronger across the board, with the euro declining about half a percent against the greenback. The Australian and Canadian currencies are posting smaller losses, while the yen is higher against every other major except the U.S. dollar.

In company-specific news, Starbucks is pushing higher after reporting strong results and raising its full-year guidance. TripAdvisor and Priceline.com are also rallying on better-than-expected reports.
Share this article with your friends


Related Stories

SPX

Earnings, autos lead quiet session

March 3, 2015

Today is the quietest session of the week, with nothing but earnings and monthly auto sales on the economic calendar.

SPX

Stocks edge lower before key data

March 2, 2015

S&P 500 futures are down 0.1 percent, while most of Europe is off about 0.5 percent. Asia was mostly higher overnight, bolstered by an interest-rate cut and Chinese manufacturing numbers.

SPX

ISM data kicks off busy news week

March 2, 2015

This week brings key macroeconomic headlines from both sides of the Atlantic, starting with the Institute for Supply Management's manufacturing index today at 10 a.m. ET.

SPX

Stocks in holding pattern near highs

February 27, 2015

S&P 500 futures are down 0.15 percent but are less than a percentage point below Wednesday's peak. Most overseas markets were little-changed, aside from India, which rallied almost 2 percent.

SPX

GDP, Chicago PMI lead calendar

February 27, 2015

The Commerce Department will announce revised gross domestic product for the fourth quarter at 8:30 a.m. ET, followed by the Chicago Purchasing Managers index follows at 9:45 a.m. ET.

Invest Like a Monster - Las Vegas: March 13-14

Premium Services

Webinar Recording

Turbo Charge Your Trading Profits

Education & Strategy

The Strike-Based Greeks

The other Greeks (Gamma, Vega, and Theta) are calculated by using month and strike data, and not by individual option. These are called strike-based Greeks. Gamma, Theta, and Vega are all strike-based Greeks

View more education articles »