Thursday, May 16, 2013

Thursday May 16 pre-mkt outlook

The /ES looks to open around 1652 after closing yesterday at 1655. 

$WMT is down after posting earnings. The stock closed at 79.80 yesterday and looks to open around 78.10 today. I may play this weeks 77.50 puts. 

$KSS is up 7% in the pre-mkt trading at 53.10 after closing at 49.65 yesterday. I would consider the May 52.50 put but the OI is only 4 currently.

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