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August 23, 2014
NYSE Amex Options
Mar 11 2013 | 4:03 PM

We continue our look into minis along with these pieces: Mini Options at NYSE, Hedging with Mini Contracts and Covered Writes 10 Shares at a Time.

Now we’ll talk about short puts. Before we get into the minis let me remind you what a short put is and what it can do. A short put is an obligation to buy the underlying security at the strike price at any time until expiration. In exchange for accepting this obligation the seller receives a premium, which is hers to keep. Readers familiar with selling puts already know that this is a strategy that generates income and may allow the seller to acquire the underlying security below current market prices. Let’s take a look at short mini puts.

Our high flying security XYZ is trading at...

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Posted by: Bill Ryan
Managing Director, NYSE Amex Options
Mar 11 2013 | 9:48 AM

From the Trading Floor: Disappointing data out of China in addition to renewed concerns over the domestic budget negotiations have the markets pulling back a bit this morning after setting new highs on the Dow last week

  • Quiet on the economic front today

  • Industrial production and retail sales in China for the January and February period missed expectations. In addition, inflation in February rose 3.2% from January, the highest monthly increase since April, sparking worries of potential monetary tightening. China's Shanghai Composite lost 0.4%.

  • On Friday afternoon, Fitch Ratings cut Italy's sovereign credit rating by one notch to BBB plus, citing political uncertainty after the country's inconclusive election and rising debt

  • Japanese machinery orders tumbled 13.1 percent month-over-month in January

  • German exports were up 1.4 percent month-over-month in January, beating expectations for a 0.5...
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Posted by: Charles Brown
Managing Director, The Capital Markets Desk
The Bell
Mar 11 2013 | 8:38 AM

On Monday, March 11, BlackRock, Inc. (NYSE: BLK) and guests will visit the New York Stock Exchange (NYSE) to celebrate the recent initial public offering of the BlackRock  Multi-Sector Income Trust (NYSE: BIT), a non-diversified closed-end registered investment company that invests primarily in taxable fixed income securities.  

To mark the occasion, Frank Porcelli, Managing Director and Head of BlackRock’s US Wealth Advisory Business, will ring the NYSE Opening Bell.

About BlackRock Multi-Sector Income Trust (NYSE: BIT):

BlackRock Multi-Sector Income Trust is a registered closed-end fund with the primary investment objective to seek high current income,  with a secondary objective of capital appreciation.

About Blackrock’s Closed-End Fund Business:

As of December 31, 2012, BlackRock Managed 86 U.S. exchange-listed closed-end funds with approximately $46.6 billion in...

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Ahead of the Bell
Mar 11 2013 | 8:06 AM

Ahead of the Bell: Dow futures are trading down 18 points and S&P futures are trading down 2 points after China reported weak factory output and consumer demand in February, coupled with political uncertainty in Italy.   According to economists, the data confirms the Chinese economy is in a mild recovery and it is still fragile. The euro zone sovereign debt crisis has crawled into the spotlight once again, as Italian bond yields are on the rise.  Fitch rating agency downgraded the country by one notch to BBB- with a negative outlook, citing political uncertainty.   

  • On the economic calendar today, no reports are due.  The dollar is up against the British pound and down against the euro and Japanese yen.  Gold is trading at $1,576. Crude oil is currently trading at $91 a barrel.

  • Last week; the major indices soared on better than expected economic...
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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions
Ahead of the Bell
Mar 11 2013 | 7:00 AM
Natural Gas Fracking

Natural Gas Fracking (Photo credit: danielfoster437)

The schedule of economic releases for the week of March 11th is as follows:

  • Monday:  None
  • Tuesday:  NFIB Small Business Optimism Index, ICSC-Goldman Store Sales, and Treasury Budget
  • Wednesday:  MBA Purchase Applications, Retail Sales, Import and Export Prices, and Business Inventories
  • Thursday:  Jobless Claims, Producer Price Index, and Fed Balance Sheet
  • Friday: ...
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Posted by: Parasnand Madho
Director, Market Watch & Corporate Actions