Friday, October 25, 2013

Friday Oct 25 pre-mkt outlook

The /ES looks to open around 1747 after finishing yesterday at 1749. It hit an overnight low of 1743 and a high of 1749.50. The 10yr is trading around 2.511 after finishing yesterday at 2.522.

$AMZN is out with earnings with a loss that matched expectations on revenues that beat expectations. The stock is up 7% trading at new all time highs of 356 in the pre-mkt. It hit an ETH high of 363 and was trading around 348 as a low. Depending on what it costs and where it opens, I would look to putting on a today's expiry strangle off the open.

$MSFT is also out with earnings and is up 6% in the pre-mkt. The stock is trading around  35.85 after closing at 33.80. The ETH high was 36 and the low was about 35.40. I don't see MSFT breaching 36 as it would have to really charge through that resistance level. I would consider selling today's 36/36.50 call spread off the open if you could get .15 for  it

$DECK is up $8 from 58 to 66. It hit a low of about 64 and a high of 67.

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