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

Premium Services

Education & Strategy

The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

View more education articles »