Chilling and cruising
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once market open gap down people will start talking about Italy again and all of the bad stuff
yea I am playing the set up now. 10% 20% 30% profit doesnt really matter. as long as I make money every single day
AMZN 215 W C still holding half come on, run again do $AAPL move
AMZN 215 W C still holding half come on, run again do $AAPL move
yea I sold all of my puts a while ago. bulls just too strong today
Bought AMZN W C at 2.02 and 2.05
Bought AMZN W C at 2.02 and 2.05
$AAPL 389 here we come
watching SPY for another entry puts or calls
actually 388s now
$AAPL 388 coming
AAPL 385 W C going crazy!
yea crazy, SPY weak break down
should have waited till it break the triangle pattern, I was betting it to go down
AAPL breakout, crazy!
tic toc tic toc... still waiting for the news
Euro extends gains as Italy approves budget bill
SAN FRANCISCO (MarketWatch) — The U.S. dollar slipped versus most major rivals on Friday with the euro extending gains after Italy’s Senate approved a budget law, clearing a path for Prime Minister Silvio Berlusconi to resign.
The bill, which includes new austerity measures, is widely expected to be passed by the parliament’s lower chamber on Saturday.
The euro EURUSD +1.16% rose to $1.3726 from $1.3604 in North American trade late Thursday.
EURUSD 1.3769, +0.0159, +1.1642%
1.501.401.301.20
11FMAMJJASON
But strategists warned that gains may prove short-lived.
“People are married to the position that the euro/dollar has to fall [so] they are more willing to sell on rallies than buy on dips,” said Douglas Borthwick, managing director of Faros Trading.
“In that sort of market, moves higher in the euro/dollar are more rapid because the market will be continually stopped out of their positions,” he added.
Beleaguered Italian Prime Minister Silvio Berlusconi is expected to follow through on a pledge to step down as early as Sunday, paving the way for a “technocratic” government expected to be led by economist and former European Commissioner Mario Monti, noted Fabio Fois, an economist at Barclays Capital. Read more: Momentum for Monti as Italy scrambles.
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Who is Mario Monti?
Former European Commissioner Mario Monti is in the frame for the top post in an Italian unity government.
The dollar index DXY -1.03% , which measures the U.S. unit against a basket of six major rivals, slipped to 77.004 from 77.660.
Trading volume in the currency market is relatively light this morning due to Veterans Day holiday.
The British pound GBPUSD +0.90% traded at $1.6072, down slightly from $1.5924.
The Bank of England, as expected, made no changes to monetary policy on Thursday but is expected to further ramp up its quantitative-easing program in coming months on worries that a slumping economy will pull currently above-target inflation well below target over the medium term.
The central bank’s quarterly Inflation Report, set for release on Wednesday, is now center stage but is unlikely to contain any major surprises, wrote strategists at Lloyds Bank in London.
“The tone will necessarily be dovish [given that the BOE are undertaking QE]. If the world is a less risk-negative place by then, sterling may come under pressure, but for now all eyes remain on Italy,” they wrote.
Against the Japanese yen USDJPY -0.69% , the dollar slipped to ¥77.12 from ¥77.67.
“The dollar/yen is under attack this morning,” Kathy Lien, director of currency research at GFT, wrote in her commentary.
The dollar’s retreat versus the yen is largely due to Japanese Finance Minister Jun Azumi‘s remarks overnight that he was unable to secure support for intervention to weaken the yen from other nations which means the Japanese government will have to go at it alone, a traditionally losing proposition, she noted.
The dollar/yen pair is now in intervention territory, which is anywhere below 78, Lien said.
“If the dollar/yen breaks below 77, the risk of Bank of Japan intervention is magnified significantly,” she said in emailed comments.
Sue Chang is a MarketWatch reporter in San Francisco.
William L. Watts is a reporter for MarketWatch in Frankfurt.
$SPY go down, $AAPL will follow
Bought AAPL W P .61
SPY looks like its going down in few minutes
2 second off
almost time huh 11:11:11
Bought SPY 126 W P at .15
EU Plans 'Major Changes' To Ratings-Firm Rules
BRUSSELS—European officials seized on an error by Standard & Poor's Corp. on France's debt rating to reiterate that they are planning major changes to regulations in new proposals due Tuesday.
European Commissioner for Internal Markets Michel Barnier warned that S&P's "serious" error on France underlined the need for "strict" new rules.
"All this strengthens my conviction that Europe must adopt strict and rigorous rules, including but not limited to the rating agencies," he said.
The ratings agency S&P accidentally issued a statement downgrading French bonds. But French bond yields are still on the up and Dow Jones's Martin Essex says that there's usually no smoke without fire.
He said European regulators, as well as French market authorities, will work to assess the facts and "draw conclusions" from the incident, which saw S&P, a unit of McGraw-Hill Cos., erroneously issue a message saying it had downgraded France's triple-A ratings Thursday. S&P quickly issued a correction to the message, which was only sent out to certain subscribers.
The mistake comes ahead of the third round of proposals from the EU's executive on regulating the ratings firms, which is slated to be published by Mr. Barnier on Tuesday.
More:
S&P's French Rating 'Oops' Probed
A recent draft of the proposals, seen by Dow Jones Newswires, showed the commission is looking to give regulators greater powers over the methodology that ratings firms use to draw up ratings and to ban sovereign debt ratings under certain circumstances. The commission has also looked at forcing companies to rotate the ratings firms they use.
All these proposals have met with strong opposition from the major ratings firms. They say the new rules risk sanctioning political interference in the ratings process and will undermine the quality and quantity of ratings that companies can get by forcing them to steer clear of the big, globally recognized ratings firms: Moody's Investors Service Inc., which is part of Moody's Corp.; Fitch Ratings Inc.; and S&P.
In his statement Friday, Mr. Barnier promised the new proposals will deliver "increased competition" in the industry and greater transparency and rigor in the rating of sovereign debt.
He also said it would create a "European framework for civil liability," allowing ratings firms to be sued in cases of "serious misconduct or gross negligence." He promised that the new measures would reduce the EU's regulatory reliance on ratings.
Speaking to reporters, Chantal Hughes, a spokeswoman for Mr. Barnier, said the new proposals amounted to a "fundamental" overhaul of the rules.
She said the proposals will probably include the idea of giving regulators the power to ban the issuance of sovereign debt ratings in "exceptional circumstances." But she confirmed that the final proposals won't include the idea of setting up a public European ratings firm because of concerns that new firms must enjoy market credibility.
Write to Laurence Norman at laurence.norman@dowjones.com
Bought SPY 125 Nov19 P at 1.21
DOW +271 crazy
AAPL up and down like no others
Thanks!
sold out AAPL 380 W P at .76 for small losses
actually that was 380 W Puts it wasnt 380 Calls
Bought AAPL 380 W P at .87
was gonna buy AAPL 385 W C at 1.17, oo well.
are u gonna buy calls or puts?
let me see
I think AAPL is roller coaster too, will be watching AAPL and SPY from now on. netflix kinda slow