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  • Proprietary Trading Morning Market Update June 20 2013 0 comments
    Jun 20, 2013 10:47 AM

    Top Economic News:

    Wall St. falls at open after Bernanke remarks on Wednesday. Stocks fell at the open on Thursday, adding to a more than 1 percent drop a day earlier after remarks by Federal Reserve Chairman Ben Bernanke who outlined the start of a wind-down of stimuli that has been instrumental to the market's rally.

    Ben Bernanke's power over your money. Ben Bernanke scared stock investors on Wednesday when he said the Federal Reserve may start slowing its economic stimulus program later this year, but what does it mean for borrowers and savers?

    New Concerns About Chinese Growth. China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy.

    -

    Pre-Market Activity:

    $SPY -0.72%

    $VXX +2.90%

    $TLT -0.77%

    $UUP +0.68%

    $USO-1.35%

    $UNG -1.43%

    $GLD -3.44%

    $SLV -5.58%

    -

    Early Movers:

    $MU -3.36%

    $RHT +3.85%

    $SSYS +4.02%

    $EBIX -45.54%

    $SSRI -4.30%

    $RPRX +4.90%

    $DEO -3.08%

    -

    Proprietary Trading Economic Calendar:

    Date

    Time (NYSE:ET)

    Statistic

    For

    Actual

    Briefing Forecast

    Market Expects

    Prior

    Revised From

    20-Jun

    8:30 AM

    Initial Claims

    15-Jun

    354K

    345K

    340K

    336K

    334K

    20-Jun

    8:30 AM

    Continuing Claims

    8-Jun

    2951K

    2975K

    2967K

    2991K

    2973K

    20-Jun

    10:00 AM

    Existing Home Sales

    May

    5.18M

    4.95M

    5.00M

    4.97M

    -

    20-Jun

    10:00 AM

    Philadelphia Fed

    Jun

    12.5

    2

    -0.2

    -5.2

    -

    20-Jun

    10:00 AM

    Leading Indicators

    May

    0.10%

    0.20%

    0.20%

    0.80%

    0.60%

    20-Jun

    10:30 AM

    Natural Gas Inventories

    15-Jun

    -

    NA

    NA

    95 bcf

     

    -

    Proprietary Trading Earnings Announcements:

     

    Company

    Symbol

    EPS
    Estimate*

    Time

    Add to My
    Calendar

    Conference
    Call

    7days Music Entertainment AG

    7DM1.F

    N/A

    Time Not Supplied

    Add

     

    ADM Hamburg AG

    OEL.F

    N/A

    Time Not Supplied

    Add

     

    American Software Inc

    AMSWA

    0.08

    After Market Close

    Add

     

    Arena Agroindustrie Alimentari SpA

    ARE.MI

    N/A

    Time Not Supplied

    Add

     

    Arena Agroindustrie Alimentari SpA

    ARE.MI

    N/A

    Time Not Supplied

    Add

     

    Ashtead Group PLC

    AHT.L

    5.61

    Before Market Open

    Add

     

    Avenir Telecom SA

    AVT.PA

    N/A

    After Market Close

    Add

     

    Bankers Investment Trust PLC

    BNKR.L

    N/A

    Time Not Supplied

    Add

     

    Centrosolar Group AG

    C3O.DE

    N/A

    Time Not Supplied

    Add

     

    Centrosolar Group AG

    C3O.DE

    N/A

    Time Not Supplied

    Add

     

    Daxor Corp

    DXR

    N/A

    Time Not Supplied

    Add

     

    De Rouck Geomatics SA

    ALROU.BR

    N/A

    Time Not Supplied

    Add

     

    Design Bau AG

    D2B.DE

    N/A

    Time Not Supplied

    Add

     

    Dixons Retail PLC

    DXNS.L

    N/A

    Before Market Open

    Add

     

    Dmail Group SpA

    DMA.MI

    N/A

    Time Not Supplied

    Add

     

    Ecounion AG

    KN1.DE

    N/A

    Time Not Supplied

    Add

     

    Gulf Keystone Petroleum Ltd

    GKP.L

    N/A

    02:00 am ET

    Add

     

    IHS Inc

    IHS

    1.03

    Before Market Open

    Add

    Listen

    Image Scan Holdings PLC

    IGE.L

    N/A

    Before Market Open

    Add

     

    Innelec Multimedia SA

    INN.PA

    N/A

    After Market Close

    Add

     

    Ishaan Real Estate PLC

    ISH.L

    N/A

    Time Not Supplied

    Add

     

    Kroger Co

    KR

    0.88

    Before Market Open

    Add

    Listen

    LJ International Inc

    JADE

    N/A

    Time Not Supplied

    Add

     

    Methode Electronics Inc

    MEI

    0.15

    Before Market Open

    Add

     

    Oracle Corp

    ORCL

    0.87

    After Market Close

    Add

     

    Petrel Resources PLC

    PET.L

    N/A

    Before Market Open

    Add

     

    Pier 1 Imports Inc

    PIR

    0.19

    Before Market Open

    Add

    Listen

    Rite Aid Corp

    RAD

    0.09

    Before Market Open

    Add

    Listen

    TIBCO Software Inc

    TIBX

    0.18

    After Market Close

    Add

     

    Treveria PLC

    TRV.L

    N/A

    Time Not Supplied

    Add

     

    -

    STOCK SPLITS:

     

    Jun 11

    Jun 12

    Wabtec

    WAB

    Y

    2-1

    May 14

     

    Jun 12

    Jun 13

    Home Bancshares

    HOMB

    Y

    2-1

    Apr 18

     
     

    Jun 13

    Saia

    SAIA

    Y

    3-2

    May 16

     

    Jun 13

    Jun 14

    Saia

    SAIA

    Y

    3-2

    May 16

     

    Jun 14

    Jun 17

    Marten Transport

    MRTN

    Y

    3-2

    May 13

     

    Jun 19

    Jun 20

    Flowers Foods

    FLO

    Y

    3-2

    May 22

     

    Jun 21

    Jun 24

    First Internet Bancorp

    INBK

    N

    3-2

    May 21

    Add

     

    Jun 24

    Flowserve

    FLS

    Y

    3-1

    Feb 21

    Add

    Jun 26

    Jun 27

    Corvel

    CRVL

    N

    2-1

    May 17

    Add

     

    Jun 27

    Six Flags

    SIX

    Y

    2-1

    May 08

    Add

    Jun 28

    Jul 01

    Cerner

    CERN

    Y

    2-1

    May 28

    Add

     

    Jul 01

    MAXIMUS

    MMS

    Y

    2-1

    Apr 18

    Add

    -

    Yesterday's Unusual Options Activity:

    $MU- Micron Technology will report Q3 earnings after the bell tonight. Analysts are looking for $0.02 in EPS and revenue of $2.2 billion. The options market is implying a $1.13 move, or 8.21%, in either direction. Call to put ratio in the June options is 1.33.

    $RHT- Another big earnings report released tonight will come from Red Hat. Analysts are looking for $0.31 in EPS and revenue of $360 million. Options traders are pricing in a $3.60 move, or 7.73%, in either direction. The call to put ratio in the June options is currently 1.38.

    $DFS- 3,600 June $48 calls were bought for $0.45-$0.75 each, against open interest of 2,579 contracts. Shares of Discover Financial Services are up 0.46% today.

    $LO- Over 6k July $42.50 puts were purchased for up to $0.72 each, against open interest of 1,145 contracts. Lorillard shares are up 17% year to date.

    $AAPL- Shares of Apple are down 1%, breaking through the $430 support level. The call to put ratio in the June options is 1.05, but the June $425 puts are the most active Apple option contract.

    -

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