Big players will watch for confirmation of a larger-scale commodity decline or a ninth-inning save and rapid recovery.
Here's how options are trading in Apple, General Motors and Vale.
For investors, the greatest risks are negative effects on consumer sentiment and market share.
We will reduce the premium at risk but allow for further upside.
Since downside risk is limited, we won't roll these options into April.
We will trim Macy's and Nike and add to Express Scripts, Celgene and Procter & Gamble.
We're initiating a fresh position in Express Scripts -- and selling half our stake in Vale.
Taking gains in JPMorgan, building up Goldman Sachs, and watching US Bancorp.
We're starting a position in Celgene and closing out of Linn Energy.
The market has a positive bias through mid-March, but an equal tendency toward volatility, so wide-range price swings could shake out logical stops.