This is inflation week. Or perhaps deflation week. Or perhaps a week without any 'flation at all.
The government's price reports come in pairs, released over two days at 8:30 a.m. Eastern: The producer price report -- what the people who make the stuff you buy are paying -- on Thursday, and the consumer price report -- what you pay at the local big box store -- on Friday.
Other econ releases of note:
Wednesday: Import and export prices at 8:30 a.m., petroleum inventories at 10:30 a.m., and the Federal Reserve's Beige Book and Treasury's budget deficit, both at 2 p.m.
Thursday: Weekly jobless claims at 8:30 a.m.
Friday: Consumer sentiment from the University of Michigan at 9:55 a.m.
Practical trading:
By my rules, as of Monday I can trade May calendar, butterfly and vertical spreads, covered calls and diagonal spreads and iron condors, and July single options and straddles. Of course, shares are good at any time.
Good trading!
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