{"id":229132,"date":"2025-08-18T12:40:20","date_gmt":"2025-08-18T16:40:20","guid":{"rendered":"https:\/\/ibkrcampus.com\/campus\/?p=229132"},"modified":"2025-08-18T14:38:27","modified_gmt":"2025-08-18T18:38:27","slug":"trades-that-expire-tomorrow-us-starts-permits-canada-cpi","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/trades-that-expire-tomorrow-us-starts-permits-canada-cpi\/","title":{"rendered":"Trades That Expire Tomorrow: US Starts and Permits, Canada CPI: Aug. 18, 2025"},"content":{"rendered":"\n<p>Housing starts are expected to arrive at 1.3 million seasonally adjusted annualized units (SAAU) and I find the risk-reward profiles of the \u201cYes\u201d at 1.4 million and the \u201cNo\u201d at 1.2 million attractive. The levels are going for $0.90 and $0.89 and a major reason why I like them is that 1.4 million would require a significant surge which I don\u2019t envision due to depressed construction activity while breaching 1.2 million would mean a pandemic level slump, considering we haven\u2019t seen that since May of 2020, over 5 years ago. I don\u2019t think a huge move is in the cards for tomorrow\u2019s print.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture1-8.png\" alt=\"Housing starts are likely to be range bound\" class=\"wp-image-229134 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture1-8.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture1-8-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture1-8-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture1-8-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"681\" height=\"55\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture2-8.png\" alt=\"IBKR ForecastTrader Contract regarding July housing starts\" class=\"wp-image-229138 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture2-8.png 681w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture2-8-300x24.png 300w\" data-sizes=\"(max-width: 681px) 100vw, 681px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 681px; aspect-ratio: 681\/55;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"683\" height=\"54\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-6.png\" alt=\"IBKR ForecastTrader Contract regarding July housing starts\" class=\"wp-image-229136 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-6.png 683w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture3-6-300x24.png 300w\" data-sizes=\"(max-width: 683px) 100vw, 683px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 683px; aspect-ratio: 683\/54;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-team-yes-on-permits\"><strong>\u201cTeam Yes\u201d on Permits<\/strong><\/h3>\n\n\n\n<p>I\u2019m on \u201cTeam Yes\u201d for tomorrow\u2019s building permits at the 1.35 million and 1.30 million SAAU thresholds. The levels cost $0.86 and $0.95 and similar to the example above, this indicator hasn\u2019t been below 1.35 million since June of 2020, over 5 years ago. While the real estate sector is certainly in dire conditions, it isn\u2019t as bad as during the depths of the COVID-19 pandemic.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4.png\" alt=\"risk and reward profile of IBKR ForecastTrader contract\" class=\"wp-image-229137 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1066\" height=\"88\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-1.png\" alt=\"IBKR ForecastTrader Contract regarding building permits\" class=\"wp-image-229139 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-1.png 1066w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-1-700x58.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-1-300x25.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture4-1-768x63.png 768w\" data-sizes=\"(max-width: 1066px) 100vw, 1066px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1066px; aspect-ratio: 1066\/88;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"494\" height=\"397\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5.png\" alt=\"IBKR FiorecastTrader contract pricing\" class=\"wp-image-229140 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5.png 494w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture5-300x241.png 300w\" data-sizes=\"(max-width: 494px) 100vw, 494px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 494px; aspect-ratio: 494\/397;\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-team-no-on-canada-s-cpi\"><br><strong>\u201cTeam No\u201d on Canada\u2019s CPI<\/strong><\/h3>\n\n\n\n<p>Tomorrow\u2019s Consumer Price Index for Canada is expected to decline from 1.9% to 1.7% in light of softening cost pressures. In light of the expectation and a Reuters poll of 16 forecasters with estimates ranging from 1.6% to 1.9%, I like the \u201cNo\u201d answers beginning at the 2% threshold all the way up to 2.6% which pricing extending from $0.57 to $0.93. Additionally, I\u2019m anticipating my projection is in-line with the consensus at 1.7% and find the 2% level at $0.57 to offer undervalued odds to opportunistic participants.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"1050\" height=\"763\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-2.png\" alt=\"Canada Consumer Price Index history\" class=\"wp-image-229141 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-2.png 1050w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-2-700x509.png 700w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-2-300x218.png 300w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture6-2-768x558.png 768w\" data-sizes=\"(max-width: 1050px) 100vw, 1050px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 1050px; aspect-ratio: 1050\/763;\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"513\" height=\"576\" data-src=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture8.png\" alt=\"Pricing of IBKR forecastTrader contract regarding Canada CPI\" class=\"wp-image-229143 lazyload\" data-srcset=\"https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture8.png 513w, https:\/\/ibkrcampus.com\/campus\/wp-content\/uploads\/sites\/2\/2025\/08\/Picture8-300x337.png 300w\" data-sizes=\"(max-width: 513px) 100vw, 513px\" src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" style=\"--smush-placeholder-width: 513px; aspect-ratio: 513\/576;\" \/><\/figure>\n\n\n\n<p>S<em>ource for Images: ForecastEx<\/em><\/p>\n\n\n\n<p><em>Note: Prices are highest bids as of the morning of August 18, 2025.<\/em>&nbsp;<em>Red circles around the thresholds were inserted by J. Torres to highlight his preferred \u201cYes\u201d and \u201cNo\u201d answers throughout different levels.<\/em><\/p>\n\n\n\n<p>To learn more about ForecastEx, view our Traders\u2019 Academy video&nbsp;<a href=\"https:\/\/www.youtube.com\/watch?v=ceR-weGZSXc\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>here<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Housing starts are expected to arrive at 1.3 million seasonally adjusted annualized units (SAAU) and I find the risk-reward profiles of the \u201cYes\u201d at 1.4 million and the \u201cNo\u201d at 1.2 million attractive. <\/p>\n","protected":false},"author":903,"featured_media":189947,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18929,18,6,8,9,26,3],"tags":[3093,19110,20476,20477,18284],"contributors-categories":[13760],"class_list":{"0":"post-229132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-forecast-trader","8":"category-macro","9":"category-north-america","10":"category-region","11":"category-securities","12":"category-text-articles","13":"category-traders-insight","14":"tag-building-permits","15":"tag-canada-cpi","16":"tag-macro-forecast-contracts","17":"tag-trade-expirations","18":"tag-us-housing-starts","19":"contributors-categories-ibkr-macroeconomics"},"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Trades That Expire Tomorrow: US Starts and Permits, Canada CPI: Aug. 18, 2025<\/title>\n<meta name=\"description\" content=\"Housing starts are expected to arrive at 1.3 million seasonally adjusted annualized units (SAAU) and I find the risk-reward profiles of the \u201cYes\u201d at...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.interactivebrokers.com\/campus\/wp-json\/wp\/v2\/posts\/229132\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trades That Expire Tomorrow: US Starts and Permits, Canada CPI: Aug. 18, 2025 | IBKR Campus US\" \/>\n<meta property=\"og:description\" content=\"Housing starts are expected to arrive at 1.3 million seasonally adjusted annualized units (SAAU) and I find the risk-reward profiles of the \u201cYes\u201d at 1.4 million and the \u201cNo\u201d at 1.2 million attractive.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/forecast-trader\/trades-that-expire-tomorrow-us-starts-permits-canada-cpi\/\" \/>\n<meta property=\"og:site_name\" content=\"IBKR Campus US\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-18T16:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-08-18T18:38:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.interactivebrokers.com\/campus\/wp-content\/uploads\/sites\/2\/2023\/05\/jobs-workers-engineering-featured-img.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jose Torres\" \/>\n<meta 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