Posts Tagged ‘MGM’

Mad dash for Yelp options as shares soar

 

Today’s tickers: YELP, MGM & DD

YELP - Yelp, Inc. – Shares in Yelp are screaming higher today, up 26.5% at an all-time high of $32.00 as of 11:35 a.m. ET, after the provider of online consumer reviews of local businesses posted first-quarter sales that handily beat analyst estimates. Double-digit percentage gains in the price of the underlying shares sparked heavy trading in Yelp options on Thursday morning, with volume currently up above 11,000 contracts versus the stock’s average daily volume of around 1,300 contracts. In and out-of-the-money call buying on Yelp today indicates some traders are positioning for the price of the underlying to extend gains in the near term. Bullish traders snapped up calls at the May $30, $31 and $32 strikes this morning, driving volume at each strike well above existing open interest levels. More than 800 calls changed hands at the May $32 strike versus open interest of 46 contracts. The bulk of the contracts appear to have been purchased within the first 10 minutes of the opening bell for a premium of $0.40 each. Sharp intraday gains in Yelp’s shares now find the $32 calls trading at $1.35 each, tripling the value of one or more traders’ positions by lunchtime. Meanwhile, upside calls in play out in the August expiry look for shares in Yelp to rally substantially this summer. Bulls betting on the big move purchased around 425 calls at the Aug. $35 strike for an average premium of $1.95 each. Traders long the calls make money at expiration if the price of the underlying jumps 15% over the current price of $32.00 to top the average breakeven point at $36.95.

MGM - MGM Resorts International – Resort casino operator, MGM Resorts International, reported a surprise first-quarter profit ahead of the opening bell this morning, sending shares in the name up 8.0% to a new 52-week high of $14.90 by midday in New York. Bullish options looking for shares to extend gains in the near term are active today, with calls expiring…
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Appetite for Darden Calls and Puts Grows Ahead of Earnings

Today’s tickers: DRI, MGM, CSTR & RMD

DRI - Darden Restaurants, Inc. – Investors are dining on both call and put options on the operator of Red Lobster and Olive Garden restaurants today ahead of the company’s fourth-quarter earnings report tomorrow after the close of trading. Shares in one of the world’s largest company-owned and operated full-service restaurant companies are up 0.70% this afternoon to stand at $49.60. The rise in demand for options on the stock helped lift DRI’s overall reading of options implied volatility 13.3% to 31.00% by 1:00pm in New York. Traders gearing up for a post-earnings rally purchased more than 2,000 calls at the July $50 strike for an average premium of $1.05 a-pop. Call buyers make money in the event that Darden’s shares rise 2.9% to trade above the average breakeven price of $51.05 through July expiration day. Bullish sentiment on the stock spread to the August $55 strike where investors scooped up 1,400 calls at an average premium of $0.30 per contract. Traders long the calls profit at August expiration if shares in DRI soar 11.5% to exceed the average breakeven price of $55.30. Of course, investors may be able to sell the calls ahead of expiration if a post-earnings rally in the price of the underlying shifts call premium in their favor. Not all options players are hungry for a rally. It looks like traders positioning for a near-term pullback in Darden’s shares paid an average premium of $1.30 per contract to pick up around 2,400 puts at the July $49 strike. Put buyers profit if shares in the restaurant operator tumble 3.8% to breach the average breakeven point on the downside at $47.70 at expiration next month. More than 9,500 options have changed hands on Darden Restaurants, Inc. as of 1:05pm on the East Coast.…
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Contrarian Player Constructs Three-Legged Bullish Spread on Sprint Nextel Corp.

Today’s tickers: S, WFC, LAMR, MGM, AMR, CASY & AIG

S - Sprint Nextel Corp. – A sizeable long-term bullish transaction involving 30,000 option contracts on Sprint Nextel Corp. indicates one optimistic player expects shares in the telecommunications company to rebound ahead of February 2011 expiration. Since reporting third-quarter earnings the morning of October 27, 2010, Sprint’s shares have fallen as much as 20.4% from a high of $4.85 on October 26 to today’s lowest value of $3.86. It looks like the 20% correction in the price of the underlying stock has made conditions favorable enough for this contrarian strategist to establish a relatively cheap bullish stance on Sprint. The trader enacted a three-legged bullish position, selling a chunk of put options in order to partially finance the purchase of a debit call spread. Sprint’s shares have recovered off their intraday low of $3.86 and are currently down 2.2% to stance at $4.01 as of 2:55 pm. The investor sold 10,000 puts at the February 2011 $3.5 strike for a premium of $0.21 each, purchased 10,000 now in-the-money calls at the February 2011 $4.0 strike at a premium of $0.43 per contract, and sold 10,000 calls at the February 2011 $5.0 strike for a premium of $0.16 apiece. Net premium paid to initiate the three-legged spread amounts to $0.06 per contract. The investor responsible for the transaction makes money if Sprint’s shares rally 1.25% over the current price of $4.01 to surpass the effective breakeven point at $4.06 by expiration day in February. The bullish trader will walk away with maximum potential profits of $0.94 per contract if Sprint’s shares surge 24.7% and trade above $5.00 ahead of expiration next year. The short stance in Feb. 2011 $3.5 strike puts implies the investor sees shares trading above $3.50, but also indicates his willingness to have 1 million shares of the underlying put to him at that price if the puts should land in-the-money by expiration. Interestingly, Sprint is scheduled to report fourth-quarter earnings…
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Bulls Eye Options on MGM Resorts International Ahead of Q2 Earnings

Today’s tickers: MGM, SLV, CISG, GENZ, XRX, JNPR & DD

MGM – MGM Resorts International – The operator of casino resorts attracted bullish options players this afternoon with the price of the underlying stock rallying as much as 3.65% to an intraday high of $11.36. It looks like investors expecting shares to continue higher ahead of August expiration purchased call options. The most optimistic of individuals picked up approximately 5,200 calls at the August $13 strike for an average premium of $0.21 each. Call buyers at this strike make money if MGM’s shares surge 16.3% to trade above the average breakeven price on the upside at $13.21 by expiration day next month. Other bullish traders who are perhaps hoping shares can retain the present rally, but not looking for shares to move much higher ahead of expiration in August, sold 3,000 puts at the August $10 strike for an average premium of $0.37 each. If investors are selling these puts outright, they walk away with the full premium received on the transaction as long as MGM’s shares exceed $10.00 through expiration day. Investors populating MGM Resorts International today exchanged more than 2.2 call options for each single put option in play on the stock as of 3:45 pm ET. MGM is scheduled to report its second-quarter results ahead of the opening bell of August 3, 2010.

SLV – iShares Silver Trust ETF – Shares of the iShares Silver Trust fell more than 2.90% to $17.26 in late afternoon trading inspiring some traders to load up on put options. Fresh put activity was most heavily concentrated in the September contract where current put volume at in- and out-of-the-money strikes exceeds previously existing open interest. Investors bracing for further bearish movement in the price of the SLV’s shares purchased 1,900 in-the-money puts at the September $18 strike for an average premium of $1.17 apiece. In-the-money put buyers are prepared to profit should shares of the fund decline another 2.5% to slip beneath the average breakeven point on the downside at $16.83 by September expiration. Put volume was heaviest at the September $16 strike where more than 16,700 contracts changed hands by 3:25 pm ET. It looks like investors purchased at least 14,400 of those lots for an average premium of $0.29 each. Shares of the fund must fall 9.00% from the current price before September $16 strike put buyers breakeven at a…
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Bulls Itching for Rebound in Shares of MGM Resorts International, Inc.

Today’s tickers: MGM, WFT, HD, OC, APC, TLB & RBCN

MGM – MGM Resorts International, Inc. – The casino resort operator’s shares rebounded 0.60% during afternoon trading to arrive at $10.11 by 1:50 pm (ET). MGM’s shares fell as much as 13.85% from Monday’s opening price of $11.56 to Tuesday’s intraday low of $9.96. Optimistic options investors expecting the casino operator’s shares to continue to rebound ahead of July expiration day purchased debit call spreads. Traders picked up approximately 5,000 calls at the July $11 strike for an average premium of $0.28 apiece, and sold about the same number of calls at the higher July $12 strike for an average premium of $0.08 each. Net premium paid for the spreads amounts to an average of $0.20 per contract. Investors positioning for a rally are positioned to make money if MGM’s shares jump 10.8% to trade above the average breakeven price of $11.20 by expiration next month. Shares of the underlying stock must surge 18.7% and exceed $12.00 in order for call spreader to walk away with maximum potential profits of $0.80 per contract by July expiration.

WFT – Weatherford International Ltd. – Shares of the provider of equipment and services used for the drilling, completion and production of oil and natural gas wells are up 1.35% to stand at $13.48 as of 2:05 pm (ET). WFT popped up on our ‘most active by options volume’ market scanner in afternoon trading due to bullish activity in the August contract. It looks like investor expecting Weatherford’s shares to continue to appreciate over the next couple of months are engaging in plain-vanilla call buying on the stock. Traders picked up roughly 4,200 in-the-money calls at the August $13 strike for an average premium of $1.48 apiece. Investors long the calls are prepared to profit should shares of the underlying stock rally another 7.4% over the current price to surpass the average breakeven point to the upside at $14.48 by August expiration. Bullish sentiment spread to the higher August $15 strike where investors paid an average premium of $0.56 per contract to take ownership of 3,400 call options. Optimistic individuals long the higher strike calls make money if WFT’s shares surge more than 15.4% to exceed the effective breakeven price of $15.56 by expiration day in August.

HD – Home Depot, Inc. – The home improvement supplies retailer attracted bearish options strategists throughout the…
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Sabrient Select Opportunity Virtual Portfolio

Sample one of Sabrient’s premium products, Sabrient Select Opportunity Virtual Portfolio.

Courtesy of Sabrient

 

This Sabrient Select Opportunity Virtual Portfolio is a high-performance, proprietary product for sophisticated active traders, active virtual portfolio managers or hedge fund managers. Our Lead Trader publishes a weekly fundamentals-based,quantitative Watch List of the top Long and Short candidates. Then he overlays a technical entry/exit trigger on top of this Watch List. Each day, he identifies those stocks that have triggered their planned technical entry or exit signals, and sends an alert to the client for appropriate action.


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Goldman Sachs-Bulls with Butterfly Wings are at it Again

Today’s tickers: GS, WU, DSW, MGM, WMT, BAC, EEM, WLP, HD & MMM

GS – Goldman Sachs Group, Inc. – Goldman-optimists are once again employing bullish butterfly spreads on the stock in order to efficiently position themselves to profit from an eventual rebound in the investment banking firm’s share price. Goldman Sachs, one of the top tickers on our ‘most active by options volume’ market scanner, glowed green amid a sea of red today as its shares inched up 1.75% to $154.69 as of 3:20 pm (ET). The bullish butterfly spread initiated on GS this afternoon yields maximum benefits to the investor responsible for the transaction if shares of the underlying stock jump back up to $175.00 by October expiration. The parameters of this spread are a bit different than the larger-volume butterfly spread we reported on Monday afternoon, which prepared an investor to reap maximum profits should Goldman’s shares rally up to $160.00 by expiration day. Today’s transaction involved the purchase of 2,000 calls at the October $160 strike for an average premium of $12.80 apiece [wing 1], and the purchase of another 2,000 calls at the higher October $190 strike for $3.90 each [wing 2]. The body of the butterfly was established at the central October $175 strike where 4,000 calls were sold for $7.20 a-pop. Net premium paid for the spread amounts to $2.30 per contract. The net cost of the trade pales in comparison to maximum available profits of $12.70 per contract, which the trader pockets if Goldman’s shares surge 13% over the current price to settle at $175.00 at expiration. The butterfly-spreader starts to make money as long as shares of the underlying stock increase 4.9% to surpass the breakeven point to the upside at $162.30 ahead of October expiration.

WU – Western Union Co. – Shares of the world’s largest money-transfer business surged 9.25% to an intraday high of $19.57 after the firm posted first-quarter earnings of $0.30 per share, which satisfied average analyst forecasts. A couple of analysts raised target share price estimates for Western Union following the positive earnings report. WU’s target price was bumped up to $23 from $19 at Susquehanna, in addition to the move up to $21 from $18 at D.A. Davidson today. Western Union’s current CEO, Christina Gold, is also reportedly handing over the reins to the current COO, Hikmet Ersek, on September 1, 2010. One Western Union…
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Bears Bombard Blackberry-Maker, Research in Motion

Today’s tickers: RIMM, CAT, MGM, F, SLM, FRX, FXI, MWW & AIG

RIMM – Research in Motion Limited – Blackberry maker, Research in Motion, attracted bearish options strategists even though the firm’s target share price was upped to $100.00 this morning from $95.00 at Canaccord Adams. RIMM opened the session higher, but slipped slightly in afternoon trading by 0.05% to $70.85. One bearish tactic employed today was the use of a plain-vanilla put spread in the March contract. The trader responsible for the transaction purchased 4,400 puts at the March $65 strike for a premium of $0.54 apiece and sold the same number of puts at the lower March $60 strike for $0.20 each. The net cost of the spread amounts to $0.34 per contract. Maximum potential profits of $4.66 per contract are available to the investor if RIMM’s share price slumps 15.30% beneath the current value to $60.00 by expiration. We note that the mobile device manufacturer’s shares last traded below $60.00 on December 4, 2009. The bearish risk reversal is another pessimistic tactic utilized today. One trader sold 5,000 calls at the April $75 strike for a premium of $2.66 each in order to purchase 5,000 puts at the lower April $70 strike for $3.80 apiece. The net cost of the reversal play amounts to $1.14 per contract. The investor stands ready to accrue profits to the downside if shares of the underlying stock trade beneath the effective breakeven point at $68.86 by expiration in April.

CAT – Caterpillar, Inc. – February marked the seventh consecutive month of manufacturing expansion in the United States; this fact, coupled with today’s jump in equities’ prices, inspired bullish options trading on machine-maker, Caterpillar. CAT’s shares rallied 1.50% during the session to $57.92 after its earnings forecast through the year 2012 were increased by analysts at Morgan Stanley. MS maintains an ‘overweight’ rating on CAT and a $70 share price target, at present. Bullish options activity appeared on the put side of the field where one investor established a credit spread. The trader sold roughly 16,300 puts at the April $55 strike for a premium of $1.38 apiece, and purchased the same number of puts at the lower April $50 strike for $0.47 each. The investor pockets a net credit of $0.91 per contract, and keeps the full amount as long as Caterpillar’s share price remains above $55.00 through expiration day in…
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MGM Mirage Losses Inspire Downside Plays in Options

 

Today’s tickers: MGM, ANF, JPM, XLP, XNPT, HANS & SIRI

MGM – MGM Mirage, Inc. – The Las Vegas Strip’s largest casino owner posted a wider-than-expected fourth-quarter loss of $0.25 per share, which underwhelmed analysts anticipating an average loss of just $0.14 a share. Mirage’s shares fell nearly 7% today to $10.85 following the earnings disappointment. One options investor, who does not expect MGM’s luck to change anytime soon, established a medium-term bearish trade on MGM to position for continued downward movement in the price of the underlying stock through June expiration. The trader purchased 2,000 puts at the now in-the-money June $11 strike for a premium of $1.68 apiece, and sold 2,000 puts at the lower June $8 strike for $0.52 each. The net cost of the debit put spread amounts to $1.16 per contract. Maximum available profits of $1.84 per contract accumulate for the pessimistic investor if the casino-operator’s share price slumps another 26.25% lower to $8.00 by expiration day.

ANF – Abercrombie & Fitch Co. – Short straddle plays initiated on clothing company, Abercrombie & Fitch, suggests investors expect ANF-shares to remain range-bound and anticipate lower volatility in the price of the underlying stock through March expiration. Shares of the teen and ‘tween haven for micro-mini jean skirts and pre-destroyed t-shirts rallied 1% to $35.72 today. However, straddle-sellers apparently foresee little movement for shares in either direction from the current value. Investors sold approximately 6,600 puts at the March $35 strike for an average premium of $1.44 apiece in combination with the sale of 6,600 calls at the same strike for $1.46 each. The average gross premium pocketed on the transaction amounts to $2.90 per contract. Traders retain the full premium received today if Abercrombie’s shares settle at $35.00 at expiration. Investors are vulnerable to losses, however, in the event that shares trade outside of the effective breakeven points. Losses accumulate should shares rally above the upper breakeven price of $37.90, or if the stock falls below the lower breakeven point at $32.10, ahead of expiration day in March.

JPM – JPMorgan Chase & Co. – A large-volume ratio call spread enacted on banking institution, JPMorgan Chase, indicates one big options player expects shares of the underlying stock to rally significantly by June expiration. The firm received an upgrade to ‘buy’ from ‘hold’ with a 12-month target share price of $49.00 at Sandler O’Neill today as…
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Wild Weekly Wrap Up – Only Halfway Through January!

Wheee, what a ride!

The week can be neatly summed up by my 1:35 comment to Members in yesterday's chat, summed the week up quite nicely as I said: "So funny, a whole week of gains I thought were ridiculous wiped out in 4 hours."  Of course it's easy to laugh when you play the market correctly – as I had said in the morning post, we had cashed out into Thursday's run up and planned on going bearish through the weekend but it turned out we got our sell-off early, jumping the $100K Virtual Portfolio, for example, up 12% in one day – enough to send us back to cash rather than risk a weekend reversal

We laid the groundwork for this little sell-off in last weekend's posts as we put up an aggressive Buy List for Members but in my regular weekend post we emphasized the need to cover our buys with "Disaster Hedges" as we were heading to the tops I had predicted when I published the "Last Charts of the Decade," where I set resistance target of Dow 10,457, S&P 1,135, Nasdaq 2,314, NYSE 7,389 and Russell 638.  As you can see, I pretty much hit them on the head, other than the Dow but that's because our year-old 5% rule calculations did not account for the change in the Dow that replaced C and GM with TRV and CVX, who added about 100 Dow points since their inclusion so we started using 10,549 this month and we'll make it 10,557 for today's chart, which makes perfect sense looking at this group (I added the Transports as they are fell right off our 2,000 target, giving us the early warning that things were not right):

As you can see, the 5% Rule rules!  I will apologize for being such a grump this week but the rally was really starting to annoy me as it was so blatantly forced up through our levels without a proper test that is was really getting me down about the markets.  I don't mind that the markets are manipulated, that's been going on since markets were invented – it's stupid and destructive manipulation that bothers me, the kind that, long term, destroys more investor confidence than it builds and squanders…
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ValueWalk

No Stamp Duty Holiday FOMO For FTBs Across 79% Of UK's Market

By Jacob Wolinsky. Originally published at ValueWalk.

Research by Ascend Properties has highlighted just how much of the property market will remain stamp duty free for first-time buyers, even after the current holiday...



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Phil's Favorites

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

 

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

A complete human genome, seen here in pairs of chromosomes, offers a wealth of information, but it is hard connect genetics to traits or disease. HYanWong/Wikimedia Comons

Courtesy of Xavier Bofill De Ros, National Institutes of Health

The first draft of the human genome was publ...



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Biotech/COVID-19

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

 

Scientists are on a path to sequencing 1 million human genomes and use big data to unlock genetic secrets

A complete human genome, seen here in pairs of chromosomes, offers a wealth of information, but it is hard connect genetics to traits or disease. HYanWong/Wikimedia Comons

Courtesy of Xavier Bofill De Ros, National Institutes of Health

The first draft of the human genome was publ...



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Chart School

Money Printing Asset Price Targets

Courtesy of Read the Ticker

The FED giveth and the FED taketh away. Right now the FED is giving a lot into 2022 US Mid Terms. 

Unless the FED breaks the market, here are some BRRRRR asset price targets, not normal price targets but money printing adjusted price targets. 


BITCOIN 175,000 to 500,000 USD

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DOW to 40,000 to 50,000

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More DOW

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Zero Hedge

China Buys US Treasuries For 4th Straight Month Amid Record LTM Inflows Into US Equities

Courtesy of ZeroHedge View original post here.

Amid the worst quarter for Treasuries since 1980, there was at least one big buyer.

For the 4th straight month, China bought US Treasuries in February (the latest period for which we now have data). That is the biggest holding since July 2019 and the longest buying streak since 2017.

Source: Bloomberg

But overall, foreigners were net sellers of Treasuries ...



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Politics

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

 

Colombia gives nearly 1 million Venezuelan migrants legal status and right to work

Venezuelans wait at the Colombian border to be processed and housed in tents in 2020. All Venezuelans now in Colombia will receive a 10-year residency permit. Schneyder Mendoza/AFP via Getty Images

Courtesy of Erika Frydenlund, Old Dominion University; Jose J. Padilla, Old Dominion University...



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Kimble Charting Solutions

Will Historic Selloff In Treasury Bonds Turn Into Opportunity?

Courtesy of Chris Kimble

Long-dated treasury bonds have been crushed over the past year, sending ETFs like TLT (20+ Year US Treasury Bond ETF) spiraling over 20%.

Improving economy? Inflation concerns? Perhaps a combination of both… interest rates have risen sharply and thus bond prices have fallen in historic fashion.

Today’s chart looks at $TLT over the past 20 years. As you can see, the recent decline has truly been historic. $TLT’s price has swung from historically overbought highs to oversold lows.

At present, the long-dated bond ETF ($TLT) is trading 7.8% below its 200-...



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Digital Currencies

Crypto - The Beginning of The Beginning... and the Coinbase IPO

 

Crypto – The Beginning of The Beginning… and the Coinbase IPO

Courtesy of Howard Lindzon

I am starting to say the ‘beginning of the beginning’ a lot.

Last month I used it in a blog post about active investing.

Bitcoin and Ethereum are a main reason I believe we are at the beginning of the beginning of active investing and the Coinbase ($COIN) direct listing tomorrow [Apr. 14] is likely why we are still just at the beginning of the beginning of crypto and decentralization.

If it was t...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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Promotions

Phil's Stock World's Weekly Webinar - March 10, 2021

Don't miss our latest weekly webinar! 

Join us at PSW for LIVE Webinars every Wednesday afternoon at 1:00 PM EST.

Phil's Stock World's Weekly Webinar – March 10, 2021

 

Major Topics:

00:00:01 - EIA Petroleum Status Report
00:04:42 - Crude Oil WTI
00:12:52 - COVID-19 Update
00:22:08 - Bonds and Borrowed Funds | S&P 500
00:45:28 - COVID-19 Vaccination
00:48:32 - Trading Techniques
00:50:34 - PBR
00:50:43 - LYG
00:50:48 - More Trading Techniques
00:52:59 - Chinese Hacks Microsoft's E...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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