Monday, July 9, 2012

DailyMarkets.com - Option Greeks: Diving Into Delta

DailyMarkets.com - Option Greeks: Diving Into Delta


Option Greeks: Diving Into Delta

Posted: 09 Jul 2012 11:08 AM PDT

Options can be terribly confusing for the trader first encountering them. One of the most confusing concepts to understand is the interplay of the three primal forces of options- price of the underlying asset, time to expiration, and implied volatility.
The impact of each of these three factors on any given option position can be measured by its corresponding "Greek". The "Greeks" corresponding to each of these factors are:  delta-price, theta-time, and vega-implied volatility.
A … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Meyers: “Greater Than 50% Chance Of Stimulus Before Election”

Posted: 09 Jul 2012 10:46 AM PDT

07/09/12 DME Securities’ Warren Meyers weighs in on global fundamentals and the outlook for central banks. Expectations for corporate earnings season and levels for the S&P 500 are also … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Oil Steady Around $85

Posted: 09 Jul 2012 05:03 AM PDT

07/09/12 Front month crude prices were trading slightly higher Monday afternoon as the euro rebounded from two-year low … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Kenya Cuts Benchmark Rate 150 Bps To 16.5%

Posted: 09 Jul 2012 09:11 AM PDT

    The Central Bank of Kenya has trimmed its Central Bank Rate (CBR) by 150 basis points to 16.5 percent as inflation has fallen sharply towards the target and price stability looks achievable.
    Following a meeting of the central bank’s Monetary Policy Committee on July 5, the bank said confidence in the economy remained strong and was expected to remain resilient and fiscal measures by the government were consistent with monetary policy objectives and should ensure that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Commodity Currencies Weaken As Chinese Data Stokes Concerns

Posted: 09 Jul 2012 08:59 AM PDT

Fundamental Headlines
- Euro Touches 2-year Low Before Finance Ministers Meet – Bloomberg
- Dealers Declining Bernanke Twist Invitation – Bloomberg
- Obama to Seek One-Year Extension for Some of Bush Tax Cuts – Reuters
- EU Ministers Set to Relax Spain Deficit Targets – WSJ
- Rate Probe Moves to Political Arena – WSJ
Asian/European Session Summary
The flight to safety found some follow-through in the overnight, with Asian equity markets selling off and the Japanese Yen and the US … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Same Federal Government That Bans Compensation For Organs, Shuts Down Man Donating Free Sperm

Posted: 09 Jul 2012 08:42 AM PDT

The federal government outlawed the sale of human organs in 1984, and until a recent legal challenge that even included a ban against receiving compensation for bone marrow.  For organs like kidneys, an altruistic donation, sometimes from a complete stranger, is the only legal method of kidney exchange, and any form of compensation if illegal.

Given the federal ban on compensation for human organs, you would think the federal government would have no problem with Trent Arsenault, who … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Barclays Lie-More Scandal: Moral Bankruptcy

Posted: 09 Jul 2012 08:36 AM PDT

The scandal centering on the rigging of Libor has the potential to rock the entire financial industry like no other scandal in our lifetime. While I have witnessed some industry insiders and others on the periphery attempt to downplay the impact of this scandal, they are mistaken in their analysis.
I would love to be privy to the conversations currently ongoing between individuals at the Fed, Treasury, Department of Justice, the CFTC, SEC, FINRA and their counterparts at the Bank of England, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Wall Street Dips Ahead Of Earnings

Posted: 09 Jul 2012 08:05 AM PDT

07/09/12 US stocks turned lower on ongoing concerns about a slowdown in global economic growth. Ahead of Alcoa’s earnings, M&A action highlighted Monday’s … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Updating SP500 Structure And Support For July 9

Posted: 09 Jul 2012 07:50 AM PDT

The S&P 500 currently rests near a midpoint of the recent swing high and low, but there's a key support level we're watching for clues as to which level to target next.
Let's update the current S&P 500 near-term support and structure chart, starting with the Daily Frame:

Keeping the chart as simple as possible, the key reference level this week will be the 1,340 EMA and Fibonacci (seen below) cluster.
A successful defense of support here suggests a play back to the recent 1,375 … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Euro Steadies But Still Lower Against Greenback

Posted: 09 Jul 2012 02:34 AM PDT

07/09/12 The euro saw a slight rebound Monday morning after hitting a 2-year low against the dollar following statements from the EU … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Stocks Start Lower On China, Spanish Yields

Posted: 09 Jul 2012 02:23 AM PDT

07/09/12 Stocks slipped to start the week as Spanish bond yields grew and as China discussed pressures on its … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


North Dakota Bakken Oil Facts

Posted: 09 Jul 2012 07:10 AM PDT

What Does Every New Bakken Oil Well Mean to North Dakota? 

A typical 2011 Bakken well will cost $7,925,000 to drill and complete, and will produce oil for 29 years (27 years longer than the average stimulus-funded “green” company, as Che comments).  

In those 29 years the average 2011 Bakken well will: 
 
1. Produce approximately 540,000 barrels of oil 

2. Pay approximately $4,585,000 in taxes 
a) $2,200,000 gross production taxes at 5%
b) $2,000,000 extraction … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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