Wednesday, March 13, 2013

Wednesday, March 13th pre-mkt outlook

The /ES looks to open around 1548 after closing at 1546. It hit an overnight low of 1543 at 0800 and a high of 1549.75 at 2115.

$EXPR is getting hit in the pre-mkt after earnings, coming out with a reduced guidance. The stock closed at 18.90 and looks to open around 16.36. It hit a low of 15.60 in the extended market and a high of 16.50. The only two playable strikes are either 17.50 or 15. Its 52wk high is 26.27 and low is 10.47 back in november. The 17.50 puts are probably the safest play, with 15s being lottery as expiry is this week.

$NFLX is out with news that it has integrated into the $FB platform. The stock closed at 182 and looks to open around 188, trending higher in the pre-mkt.

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