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Proprietary Trading Morning Market Update July 1 2013

Stock futures point to gains on first day of third quarter. Stock index futures pointed to a higher open on Monday, indicating a rebound from the previous session's decline and that equities would start the second half of the year by building on the strongest first half of any year since 1998.

Global shares gain as investors look to new quarter, U.S. growth. World shares and oil rose on Monday as investors edged back into riskier assets at the start of a new quarter, pinning their hopes on a solid U.S. economic recovery and brushing off signs of a slowdown in China.

Pre-Market Activity:

$SPY +0.39%

$VXX -1.06%

$TLT -0.70%

$UUP -0.04%

$USO +0.99%

$UNG -0.42%

$GLD +0.31%

$SLV -0.90%

Early Movers:

$ONXX (rejected $120 offer from $AMGN) +51%

$AAPL (strong buy at $RJF) +1.4%

$BBRY (downgraded at $MS) -4.3%

Proprietary Trading Economic Calendar:

Date

Time (NYSE:ET)

Statistic

For

Actual

Briefing Forecast

Market Expects

Prior

Revised From

1-Jul

10:00 AM

ISM Index

Jun

-

50.5

50.5

49

-

1-Jul

10:00 AM

Construction Spending

May

-

0.50%

0.50%

0.40%

-

Proprietary Trading Earnings Announcements:

Company

Symbol

EPS

Time

Add to My

Conference

Estimate*

Calendar

Call

1Spatial PLC

SPA.L

N/A

Before Market Open

Add

 

A. Schulman Inc

SHLM

0.65

After Market Close

Add

 

Advanced Photonix Inc

API

-0.03

After Market Close

Add

 

BCB Holdings Ltd

BCB.L

N/A

Time Not Supplied

Add

 

Begbies Traynor Group PLC

BEG.L

N/A

Time Not Supplied

Add

 

Calypte Biomedical Corp

CBMC

N/A

Time Not Supplied

Add

 

Cambridge Heart Inc

CAMH

N/A

Time Not Supplied

Add

 

CGN Mining Co Ltd

1164.HK

N/A

Time Not Supplied

Add

 

China Sunergy Co Ltd

CSUN

-1.01

Before Market Open

Add

Listen

elexxion AG

E8X.F

N/A

Time Not Supplied

Add

 

Encres Dubuit SA

DBT.PA

N/A

Time Not Supplied

Add

 

Euro Asia Premier Real Estate Co Ltd

JT9.DE

N/A

Time Not Supplied

Add

 

Formosa Plastics Corp

1301.TW

N/A

Time Not Supplied

Add

 

Gabetti Property Solutions SpA

GAB.MI

N/A

Time Not Supplied

Add

 

Investors Real Estate Trust

IRET

0.17

After Market Close

Add

 

Kibo Mining PLC

KIBO.L

N/A

Before Market Open

Add

 

Lacroix SA

LACR.PA

N/A

Time Not Supplied

Add

 

Mercury Systems Inc

MRCY

-0.08

Time Not Supplied

Add

 

MSC Industrial Direct Co Inc

MSM

0.98

Time Not Supplied

Add

 

Mwana Africa PLC

MWA.L

N/A

Time Not Supplied

Add

 

Omega Diagnostics Group PLC

ODX.L

N/A

Before Market Open

Add

 

Petards Group PLC

PEG.L

N/A

02:00 am ET

Add

 

Redstone PLC

RED.L

N/A

Time Not Supplied

Add

 

Rubicon Minerals Corp

RMX.TO

-0.01

Time Not Supplied

Add

 

SciClone Pharmaceuticals Inc

SCLN

0.11

Time Not Supplied

Add

 

Torex Gold Resources Inc

TXG.TO

N/A

Time Not Supplied

Add

 

Volt Information Sciences Inc

VISI

N/A

Time Not Supplied

Add

 

Xyratex Ltd

XRTX

-0.05

After Market Close

Add

Listen

Unusual Options Activity:

GDXJ- More than 4k Aug. $10 calls were bought for up to $0.45 each, against open interest of 1,410 contracts. Shares of the Junior Gold Miners ETF are up over 9% today.

FTNT- Nearly 1,400 Aug. $18 calls were bought for $1.00-$1.10 each, against open interest of 156 contracts. Fortinet shares are down 19% year to date.

SAP- Over 2,400 July $72.50 puts were bought for $1.80-$2.10 each, against open interest of 1,317 contracts. SAP is a major partner with Accenture (NYSE:ACN), which down double digits today. (ACN) lowered it's FY revenue outlook last night.

TMUS- 4,400 July $27 calls were purchased for $0.29-$0.33 each, against open interest of 5,143 contracts. We've been highlighting other large upside call buyers in the past few weeks.

AAPL- Shares of are on pace for it's first higher close than where it opened in 11 trading sessions, currently up 1.36%. The call to put ratio in the July 5 options is 1.57, led by activity in the $410 calls.

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