The market has been on decline and no one knows when this debt ceiling issue will be addressed. The world is watching and waiting on this and hopefully a resolution can come this week.
Bulls
Options volume was impressive, as 191,000 calls and 62,000 puts traded in WMB today.
Bearish
One of the biggest equity options trades so far today was in Microsoft (MSFT). Shares of the software giant finished the day down 75 cents to $27.33 and were among 28 Dow stocks to finish with losses today. In options action, one investor sold 23,000 January 25 calls on Microsoft at $3.30 per contract. 33,000 contracts changed hands and open interest is 123,131.
Read more: http://www.xpoundblog.com/2011/07/how_low_can_we_go_07-27-2011.html#ixzz1TN0c4gfc
One of the biggest equity options trades so far today was in Microsoft (MSFT). Shares of the software giant finished the day down 75 cents to $27.33 and were among 28 Dow stocks to finish with losses today. In options action, one investor sold 23,000 January 25 calls on Microsoft at $3.30 per contract. 33,000 contracts changed hands and open interest is 123,131.
Read more: http://www.xpoundblog.com/2011/07/how_low_can_we_go_07-27-2011.html#ixzz1TN0c4gfc
12:00 AM Thursday's economic calendar:
8:30 Initial Jobless Claims
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 KC Fed Manufacturing
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
8:30 Initial Jobless Claims
10:00 Pending Home Sales
10:30 EIA Natural Gas Inventory
11:00 KC Fed Manufacturing
1:00 PM Results of $29B, 7-Year Note Auction
4:30 PM Money Supply
4:30 PM Fed Balance Sheet
Posts
