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Monday, July 24, 2017 9:17:44 AM
CBOE Morning Call >>>
By Russell Rhoads | July 24, 2017
Big Picture
VIX finished the week last week just above the all-time low. There was a very large VIX spread trade using October options on Friday. More about that trade appeared in the VIX Weekend Review - Weekend Review of VIX Options and Futures 7/17/2017 - 7/21/2017
It is a huge week for earnings, over seventy companies with Weeklys available for trading report earnings. More about that below.
Also, Wednesday we get the release of information that will follow a two day FOMC meeting. Although to quote on trader on the floor, “Why are they bothering? We all know what’s coming….nothing”. More formally, the markets are pricing in about a 97% chance of no change in the target rate.
Overnight / Pre-Market
VIX is trading higher with S&P 500 futures off a little. The August contract is up much less than spot VIX as the futures finished the week last week at a premium of over 2 points. The FTSE 100 is down about 1% and Japan finished the day down 0.6%.
Looking Forward
As mentioned there’s a very large list of stocks reporting this week. Here’s the names for Monday and Tuesday.
The full list of these stocks can be found at Earnings Week of 7/24/2017 - 7/28/2017
Next week’s list should be published either late Wednesday or early Thursday. We will definitely note it in this space.
On Friday, before the market open, we get the first look at second quarter GDP. The expectation is for 2.7% growth. Keep in mind this is the first of three reports about 2Q GDP and will most likely be revised over the next couple of months.
http://www.cboe.com/blogs/options-hub/2017/07/24/cboe-morning-call---7-24-2017
• DiscoverGold
By Russell Rhoads | July 24, 2017
Big Picture
VIX finished the week last week just above the all-time low. There was a very large VIX spread trade using October options on Friday. More about that trade appeared in the VIX Weekend Review - Weekend Review of VIX Options and Futures 7/17/2017 - 7/21/2017
It is a huge week for earnings, over seventy companies with Weeklys available for trading report earnings. More about that below.
Also, Wednesday we get the release of information that will follow a two day FOMC meeting. Although to quote on trader on the floor, “Why are they bothering? We all know what’s coming….nothing”. More formally, the markets are pricing in about a 97% chance of no change in the target rate.
Overnight / Pre-Market
VIX is trading higher with S&P 500 futures off a little. The August contract is up much less than spot VIX as the futures finished the week last week at a premium of over 2 points. The FTSE 100 is down about 1% and Japan finished the day down 0.6%.
Looking Forward
As mentioned there’s a very large list of stocks reporting this week. Here’s the names for Monday and Tuesday.
The full list of these stocks can be found at Earnings Week of 7/24/2017 - 7/28/2017
Next week’s list should be published either late Wednesday or early Thursday. We will definitely note it in this space.
On Friday, before the market open, we get the first look at second quarter GDP. The expectation is for 2.7% growth. Keep in mind this is the first of three reports about 2Q GDP and will most likely be revised over the next couple of months.
http://www.cboe.com/blogs/options-hub/2017/07/24/cboe-morning-call---7-24-2017
• DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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