On Monday, we saw some nice gains in the market. That being said, there are still are a lot of question marks on the horizon. Oil and Gold continue to rise which is sparking some inflationary fears. With these mixed signals, there are a lot of option strategies out there. The good news in this market is the fear level is gone. The bad news is that we may not be ready to keep climbing. With this comfort zone, find out the best option strategies as the panel discuss their views on the past airing of "Options Action".
ECB officials said last night that ECB President Mario Draghi will likely wait to hear Germany’s Constitutional Court’s ruling on the EFSM before publicly unveiling his plans. Many were hoping Draghi would unveil his plan after the ECB’s September 6th meeting, but this is becoming increasingly unlikely. Today Reuters is reporting that Germany is the latest European nation to begin studying the possible impact of a Greek exit from the Euro. This comes ahead of Chancellor Merkel’s meeting with Greece’s Prime Minister today. Merkel has repeatedly said that she would like Greece to remain in the common currency, though clearly someone in Germany believes a Greek exit is possible outcome worth preparing for. This morning US new durable goods orders numbers we released for July, coming in at a gain of 4.2% M/M. Though this was strong than expected, it was primarily driven by strong aircraft sales. Non-defense orders excluding aircraft were down a sharp 3.4% M/M versus a 0.2% decline expecte...
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