HI Financial Services Mid-Week Commentary 07-14-2015
Stock Market Higher amid Greece hopes and Oil Gains – CNBC
I was asked about short puts and the what’a, could’a, should’a that is involved with that trading process.
If and when place a short put be prepared to take stock ownership as the easiest and most profitable adjustment.
SNDK short put history and current position
On July 8th I rolled out to August short puts @ $70 so I can get a net credit in my rolling of option Adjustments.
Net NET I have $2.39 + $0.36 = $2.75 of profit on this position if it expires worthless
What’s happening this week and why?
Retail sales numbers disappoint -0.3 vs est 0.3
Ex-trans for retail sales -0.1 vs est .5
Exports -0.1 vs est 0.7
Imports -0.2 vs est 0.0
Business Inventories came in at 0.3 vs est 0.2
Where will our market end this week?
Yellen Speaks on Wednesday to the House Financial Committee
Wednesday we find out more Greece info
DJIA – Bullish and gained back the 50, 200 SMA
SPX – Bullish and gained back the 50, 200 SMA
COMP – Bullish and gained back the 50 SMA
Where Will the SPX end July 2015?
07-14-2015 I think the 2% I expected last month will come this month due to earnings and lower oil
07-07-2015 I think the 2% I expected last month will come this month due to earnings and lower oil
What is on tap for the rest of the week?=
Tues: FAST, JNJ, WFC, YUM
Wed: BLK, DAL, INTC, KMI, NFLX, USB
Thur: C, DPZ, GS, GOOGL, MAT, PM, SLB, VFC
Fri: ALV, GE, GWW
Tues: Retail Sales, Retail ex-auto, Import, Export, Business Inventories,
Wed: MBA, PPI, Core PPI, Empire, Industrial Production, Capacity Utilization, Fed Beige Book
Thur: Initial Claims, Continuing Claims, Philadelphia Fed, NAHB Housing Market Index, Net long term TIC Flows
Fri: CPI, Core CPI, BLDG Permits, Housing Starts, Michigan Sentiment
Tues – JP: BOJ Announcement, EMU: Industrial Production, CN: GDP, Industrial Production, Retail Sales,
Wed – GB: Labour Market Report
Thursday – EMU: ECB Announcement and the HICP, Merchandise trade
How I am looking to trade?
I am preparing for earnings and started two weeks ago. The need to protect for a vacation came at a great time for the Greece and China market drops.
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