Market Overview

April 4th Watchlist


Futures are up this morning off news of fresh QE in Japan. Those holding short positions into today expecting continued weakness may have a slight hiccup in their trade once the market opens. Jobless Claims also came in higher than expected and that is now two negative jobs readings before the big unemployment report hits tomorrow morning. Futures are slowly trickling lower off the news but still remain in positive territory from yesterday’s close.

We may get an inside day after the DOW 100 point drop yesterday. This would mean that the indexes go into chop mode and premiums for both puts and calls start to dwindle as we close out the week. Traders & investors are now debating on if the market has enough catalyst now to continue moving higher through all-time highs and then some or start pulling back considerably. Either way, there should be more intraday trades on the table provided you can anticipate daily directional shifts.

Make sure to keep your eyes on the indexes off the open to get a read on what the underlying sentiment is. I held onto many put contracts in LinkedIN (NASDAQ: LNKD) overnight and I will be babysitting this position for most of the session.

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Posted-In: Options Markets Trading Ideas


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