Tuesday, February 19, 2013

Tuesday, Feb 19 pre-mkt outlook

I'm finally getting back in to typing my pre-mkt outlooks!! The /ES closed Friday at 1517 after hitting a day high of 1521.75 and a low of 1511.25. Since then, the /ES has traded within that range hitting a low of 1515.25 and a high of 1520.75. It looks to open around 1520. The recent high of 1522 was hit back on 2/13.

$ODP and $OMX are both up considerably higher this AM after news that the two are in advanced merger talks. $SPLS is up in sympathy as well, after closing at 12.95 the stock was trading at 15 in the pre-mkt and looks to open around 14.75. I think either the March 15 or 14 puts could be a good way to play SPLS as there's no talk for them to be acquired.

$GOOG printed a record high in the pre-mkt of 795.89.

Today could be a good day to pick up some $HLF 40 calls off the bat and hope that the stock trends higher after the Friday Icahn-fest on CNBC. Stock is currently trading at 39.10 now, earnings are after the bell.

Both $WYNN and $LVS are trading slightly lower in the pre-mtk. WYNN is down from 123 to 120. LVS is down from 52.75 to 51.50

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