TRADING WEEK FEB13TH - 17TH
There was a decent amount of volatility in the market with the SPY's trading ranges of 3.19, 8.92, 4.60, 8.76 and 3.08. The hi-lo for the week was 11.47. The 17Feb 408 straddle was priced at 10.28. If there is a repeat of last week's volatility that might be slightly pricey. There are some big numbers coming out this week, however. CPI comes out at 8:30am ET. Retail Sales come out the next day at 8:30am ET, with Industrial Production coming out 45 minutes later. On Thursday PPI comes out at 8:30am ET. The following day Leading Economic Indicators come out at 10:00am ET. The sexiest numbers are the consumer and producer price indices coming 48 hours apart. If they follow the current pattern don't expect any ruptures in the market. If there is surprisingly bad numbers then look out below. KO releases earnings before the opening on on the 14th, MRO and Roku release after the close on the 15th.