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Today Economics: jobless claims, prior 402K, sighting a below readings.
Trade of the day Short Ratio Put Spread spread on AMGN
Buy the Dec 60 Put and sell twice the 55 Dec put.
In order to profit from this trade, we need the stock to declinea bit, see [VIDEO see below].
VIX Dec future trades the same as the VIX index 28.83.
Trades are looking at the 200 and 50 days moving average on the S&P consolidating to a narrow range with a shrinking volume.
Big trades on the 24 25 put's on Dec and Jan indication that the volatility may stay above these numbers and markets will continue to be volatile.
Furthermore, noted that big trades where on the Dec 30 35 out of the money bull spread on the VIX also a possibility of institutions trying to protect their long position in the stock market.
To those who do not understand the VIX mechanism on uncertain and or declining markets the VIX will rise. probably more significantly than any other instrument.
Some central banks in Europe started weighing contingency plans to prepare for possibility that countries leave the EZ by considering their currencies first time since the euros went into circulation in January 2002. Brussels summit may bring some hope for a solution to the two-year financial crisis and current doubts over countries' abilities to pay their debts.
Eurobonds: Germany 10 bond yields increasing, it shows using basic arithmetic that these bonds, sometimes. labeled ‘stability bonds,’, may actually be more likely to harm Eurozone stability.
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Before The Bell
