Thursday, November 7, 2013

Thursday Nov 7 pre-mkt outlook

The /ES closed yesterday at 1766 and looks to open around 1771. It traded at an overnight low of 1762 and a high of 1774. The ECB announced a rate cut around 0745hrs which sent the /ES from about 1765.50 to 1772. The 10yr finished at 2.640 and looks to open around 2.642.

$SCTY is out with earnings and is trading lower. The stock closed at 59.50 and hit an ETH high of 61, a low of 53.30 and is currently trading around 58. This also has dollar strikes and looks like the best candidate for a strangle.

$WFM is down $6. It closed around 64.50 yesterday and is currently trading around 58. It hit an ETH low 58 and a high of 59.80. It has weekly dollar strikes and could be a good candidate for a strangle off the open.

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