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  • Proprietary Trading Morning Market Update July 4 2013 0 comments
    Jul 4, 2013 10:23 AM

    Top Economic News:

    European Stocks Advance as ECB Holds Interest Rates. European stocks rose, halting a two-day drop, as the European Central Bank held its main refinancing interest rate at a record low, and Portugal's political leaders sought to hold the coalition government together. U.S. index futures and Asian shares climbed.

    Wall St. Posts modest gains in short volatile session. Stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday's job market data.

    Pre-Market Activity:

    $SPY -0.30%

    $VXX +0.59%

    $TLT +0.26%

    $UUP -0.26%

    $USO +2.10%

    $UNG -1.19%

    $GLD +0.74%

    $SLV +2.10%

    Early Movers:

    $NDLS +4.24%

    $ARMH +2.61%

    $OSTK -4.19%

    $AA -1.92%

    $CS -2.98%

    $ZNGA +3.06%

    $TS -2.19%

    Proprietary Trading Economic Calendar:

    Date

    Time (NYSE:ET)

    Statistic

    For

    Actual

    Briefing Forecast

    Market Expects

    Prior

    Revised From

    5-Jul

    8:30 AM

    Initial Claims

    29-Jun

    -

    345K

    348K

    346K

    -

    5-Jul

    8:30 AM

    Continuing Claims

    15-Jun

    -

    2960K

    2955K

    2965K

    -

    5-Jul

    8:30 AM

    Nonfarm Payrolls

    Jun

    -

    175K

    166K

    175K

    -

    5-Jul

    8:30 AM

    Nonfarm Private Payrolls

    Jun

    -

    190K

    180K

    178K

    -

    5-Jul

    8:30 AM

    Unemployment Rate

    Jun

    -

    7.60%

    7.60%

    7.60%

    -

    5-Jul

    8:30 AM

    Hourly Earnings

    Jun

    -

    0.20%

    0.20%

    0.00%

    -

    5-Jul

    8:30 AM

    Average Workweek

    Jun

    -

    34.5

    34.5

    34.5

    -

    5-Jul

    10:30 AM

    Natural Gas Inventories

    29-Jun

    -

    NA

    NA

    NA

    -

    Proprietary Trading Earnings Announcements:

    Company

    Symbol

    EPS

    Time

    Add to My

    Conference

    Estimate*

    Calendar

    Call

    Beale PLC

    BAE.L

    N/A

    Before Market Open

    Add

     

    China Finance Online Co Ltd

    JRJC

    N/A

    After Market Close

    Add

    Listen

    Fashion B Air SA

    ALFBA.PA

    N/A

    Before Market Open

    Add

     

    Low and Bonar PLC

    LWB.L

    N/A

    Before Market Open

    Add

     

    NCC Group PLC

    NCC.L

    N/A

    Before Market Open

    Add

     

    Richelieu Hardware Ltd

    RCH.TO

    0.58

    Time Not Supplied

    Add

     

    Zoo Digital Group PLC

    ZOO.L

    N/A

    Time Not Supplied

    Add

     

    Unusual Options Activity:

    FTNT- The Aug. $20/$22 call spread was put on 10k times for a $0.45 debit. Volume was above the open interest in both options. Shares of Fortinet are trading right up against the 50-day EMA, higher by 5.25% on the session.

    PBF- 1,000 Dec. $20 puts were bought for $2.00 each, against open interest of 321 contracts. PBF Energy shares are hitting a new all-time low today, down 3.72%.

    PSX- 2k Nov. $62.50 calls were bought for $2.10-$2.30 each, against open interest of 1,073 contracts. Shares of Phillips 66 were briefly under the lower Bollinger Band, but have since then moved off of the lows.

    SU- The Aug. $27/$31 bull risk reversal was put on 10k times for roughly a $0.30 debit. Volume was well above the open interest in both options. He/she is betting on Suncor Energy shares being above $31.30 on August options expiration.

    AAPL- Shares of Apple are off of the highs of the day, but still remain in positive territory. The call to put ratio in the July 5 weekly options is 1.34, once again led by activity in the $420 calls.

    For Proprietary Trading Firm reviews, news, rumors & opinions, visit Proprietary Trading.

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