Lead Stories

Brazil Weighs Buying Coffee Through Options After Price Plunge
Bloomberg News
Brazil is considering introducing coffee options allowing growers in the world’s top producer to sell beans to the government at a fixed price after futures plunged in New York, according to the Agriculture Ministry.
http://jlne.ws/19ZB5AI

Futures traders bet Fed to hike rates as early as September 2014
Reuters
The U.S. Federal Reserve is likely to start raising short-term interest rates as soon as September 2014, months before most policymakers at the Fed itself expect to do so, based on trading in rate futures at CME Group Inc.
http://jlne.ws/12hDdxe

5 Simple Questions to Understand Today’s Jobs Report
Alex Dumortier – The Motley Fool
Let’s go over today’s nonfarm payroll report and its implications by answering five questions.
http://jlne.ws/12hH5hZ

ETF Stats For June: Trading Surges 20.8% 
Ron Rowland – Seeking Alpha
Sixteen new ETFs and two new ETNs came to market in June. Meanwhile, two ETFs and seven ETNs closed and liquidated during the month. The net increase of nine ETPs puts the listed count at 1,478 at the end of June, consisting of 1,273 ETFs and 205 ETNs.
http://jlne.ws/12hEFzR

Stocks Seek Direction In The Midst Of Summer Doldrums 
Scott Martindale – Seeking Alpha
For bullish investors, this is usually a time for caution, as any apparently dominant psychology of the market can be misleading. For bearish traders, it’s hard to get much momentum going.
http://jlne.ws/12hHDV4

Exchanges

Derivatives trading surges at SGX in June 
FinCAD
Data provided by SGX indicates that during the month, an average of more than 556,000 of these risk management contracts were traded every day. This represented a new all-time high for such a period, and was a 77 percent increase from the figure registered during the same month in 2012.
http://jlne.ws/12hDwYV

Options Outage
NYSE Arca/Amex (not below is for NYSE Arca but same issue and timing occurred on NYSE Arca as well)
Please be advised, on Friday, July 5, 2013, between  09:30 a.m. ET and 09:38 a.m. ET, NYSE Arca Options experienced a sporadic interruption updating external quotes to the public Options Pricing Reporting Authority (OPRA).  Developers in network operations are currently investigating the cause of this interruption with OPRA.  ArcaBook was not affected by this issue.     
(via email)

Regulation

SEC alleges insider trading in Onyx ahead of Amgen offer
Jonathan Stempel – Reuters
The U.S. Securities and Exchange Commission has filed a lawsuit accusing unnamed defendants of insider trading in Onyx Pharmaceuticals Inc call options before the drugmaker publicly rejected a takeover bid by larger rival Amgen Inc and put itself up for sale.
http://jlne.ws/12hEft8
**Anyone surprised?  -JB

SEC aims to lift longtime ban on private-placement ads
Sarah N. Lynch – Reuters
Securities regulators plan to meet next week to adopt rules that would lift a long-time ban prohibiting hedge funds and other firms from advertising for private placements to sophisticated investors.
http://jlne.ws/12hDNes

The Latest Assault on Bank Reform
Editorial – The New York Times
When the Dodd-Frank financial reform law passed in 2010, President Obama said it would “lay the foundation for a stronger and safer financial system.” But that won’t happen if the senators from New York, Charles Schumer and Kirsten Gillibrand, have anything to say about it.
http://jlne.ws/12hDXlW

Strategy

Remember the basics when trading
Chris McKhann – optionMONSTER
I had a great time presenting at the StreetMONSTER conference in New York recently, and I was reminded of some of the things that it takes to be successful in this business. So I thought I’d go over some basic points here.
http://jlne.ws/12hHL6I

The “Greeks” – What Options Traders Need to Know Part 1 – Delta 
Jim Bittman – The Options Institute At C.B.O.E. (via Investors.com)
Have you ever purchased a call and lost money even though the stock price rose? Have you ever sold a covered call and been frustrated because that call did not decline in price as expiration approached? If you have, you are not alone. How and why options prices change is a mystery to many first-time options traders. This is the first in a series of articles that discuss the seemingly complex topic of options price behavior. Actually, it is not complex at all.
http://jlne.ws/12hE5SH

Events

Webinar Series #2 – Why Consider Covered Calls?
OIC
Does the thought of generating income from your stock portfolio or lowering your breakeven point on the underlying sound interesting? Join OIC instructor Joe Burgoyne as he explains in simple terms the benefits and potential tradeoffs associated with the covered-call strategy.
Date:     07/10/2013
Time:     03:30PM – 04:30PM
Level:    Basic
Type:    Webinar
Where:    Online
http://jlne.ws/12hGkFF

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