China To Gradually Widen Yuan Trading Band — Pboc Chief

The Russian state owns a 69.5 percent stake, according to its website. “There have been some talks between Morgan and Rosneft. There is no deal,” said a source familiar with the situation. A second senior trading source said people close to the situation had briefed him that such talks had taken place. Industry publication SparkSpread, which tracks people moves in commodities trading, cited an unidentified source as saying the talks were at an advanced stage but could still fall apart. A Morgan Stanley spokesman in New York and a Rosneft spokesman in Moscow declined to comment.
Source: http://www.reuters.com/article/2013/11/19/us-morganstanley-rosneft-commoditiessale-idUSBRE9AI0YM20131119

Zhou’s article did not give one either. Foreign currency traders said they did not expect the central bank to move immediately on any band widening. “There have been expectations of exchange-rate reforms, including the widening of the yuan band, though any imminent move would be a surprise,” said a Beijing-based trader at a local bank. The trader also noted that the previous move to widen the yuan’s trading band in April 2012 was preceded by volatile trading when the dollar-yuan consistently hit its daily limit, which was then 0.5%.
Source: http://online.wsj.com/article/BT-CO-20131119-702876.html

Sears Canada is a multi-channel retailer with a network that includes 181 corporate stores, 241 hometown dealer stores, over 1,400 catalogue merchandise pick-up locations, 101 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada’s most extensive general merchandise catalogue and offers shopping online at http://www.sears.ca. This release contains information which is forward-looking and is subject to important risks and uncertainties. Forward-looking information concerns, among other things, the Company’s future financial performance, business strategy, plans, expectations, goals and objectives. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “scheduled”, “estimates”, “intends”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved.
Source: http://online.wsj.com/article/PR-CO-20131119-910345.html?dsk=y

Dmitri Chavkerov of Forex Peace Army Advises Traders To Become Lean and Mean Forex Trading Machines To Become Successful in Forex

One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 242 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AMAT options chain for the new July 2014 contracts and identified one put and one call contract of particular interest. The put contract at the $16.00 strike price has a current bid of $1.07. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $16.00, but will also collect the premium, putting the cost basis of the shares at $14.93 (before broker commissions). To an investor already interested in purchasing shares of AMAT, that could represent an attractive alternative to paying $16.91/share today. Because the $16.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless.
Source: http://www.forbes.com/sites/stockoptionschannel/2013/11/19/first-week-of-july-2014-options-trading-for-applied-materials-amat/

Twitter Options Trading Set to Kick Off

There are few people who are too distracted with unnecessary ideas and perceptions that they fail to see the real picture. Only by gaining an understanding about the reality, a person can attain success. “We all have fire and water inside of us. At the same time, we all have weeds and flowers inside of us. With fire we can burn weeds, and with water we can nourish flowers.
Source: http://money.msn.com/business-news/article.aspx?feed=PR&Date=20131119&ID=17123239

Trading the EUR/JPY today

“The trading of Twitter puts and calls will be tricky at first,” said Brian Overby, senior options analyst at online brokerage firm TradeKing based in Fort Lauderdale, Florida. The gap between bid and ask prices on the contracts, known as the spread, is expected to be wide at first, Overby said. That could contribute to choppy trading in the first several days. The behavior of the stock, and by extension the option prices, will likely be very unpredictable, said Brent Archer, senior options analyst at options research firm InvestorsObserver.com, in Charlottesville, Virginia. “If we look back to Facebook, that stock took about three weeks before it settled down into a defined range.” Volume should be robust, but some traders expect http://www.etftradingsignals.com turnover to be below Facebook Inc.’s ( FB ) launch, given the micro-messaging company has a smaller number of shares and market value. More than 365,000 contracts changed hands in Facebook’s option debut on May 29, 2012, a record for the first day of option trading on a stock, according to Trade Alert.
Source: http://www.foxbusiness.com/investing/2013/11/15/twitter-options-trading-set-to-kick-off/

First Week of July 2014 Options Trading For Applied Materials (AMAT)

No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results. Trade at your own risk. The information provided here is of the nature of a general comment only and neither purports nor intends to be, specific trading advice.
Source: http://www.fxstreet.com/analysis/weekly-eurusd-analysis/2013/11/20/

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