OptionsHouse

Options Trading News

May 15, 2013  Wed 1:47 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Today's calendar has a wide range of events in the United States and overseas.

German, France, and Italy will report preliminary gross domestic product numbers early in the morning, which could affect sentiment before the opening bell.

The first U.S. data comes at 7 a.m. ET when the Mortgage Bankers Association releases weekly loan applications. Producer prices follow at 8:30 a.m. ET but are unlikely to have a big effect because inflation hasn't been a concern of investors.

The New York Federal Reserve's regional Empire Manufacturing Index also comes out at 8:30 a.m. ET. Economists expect a reading of 3.5, up from 3.1 in April. National industrial-production numbers for April will be released 45 minutes later. Forecasters are looking for a contraction of 0.2 percent compared with a 0.4 percent gain in March. Industrial production generally doesn't sway sentiment because other releases have already covered the report's time period.

NAHB will release its index of sentiment in the housing market at 10 a.m. ET. Economists predict a reading of 44, up from 42 in April.

Today's big earnings releases include Deere and Computer Sciences, both before the market opens.
Share this article with your friends


OptionsHouse

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Upcoming Webinar:

Using Options For Income

http://bit.ly/1nY1OKA

Jon Najarian and Adam Mesh of Options Wealth Machine discuss a detailed strategy utilizing credit spreads to generate income, and how any level of trader can use this simple trading technique.

Education & Strategy

Sweet Spot Exceptions

As discussed last week, when using the Stock Replacement Strategy to replace a stock position to trade direction, we want to use an option that has very similar characteristics to the stock. We talked about using the deep in-the-money, 80 to 85 delta option that is similar in the Greeks and has relatively little extrinsic value which tends to work against us in stock directional trading.

View more education articles »