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.
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.