OptionsHouse

Options Trading News

March 12, 2013  Tue 7:03 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
U.S. equity index futures are indicating a lower open this morning, threatening to break a seven-day winning streak by the S&P 500.

Futures on the S&P 500 and the Nasdaq 100 are down about 0.2 percent as investors may be ready to take a breather from rallies that have reached multi-year highs, with no major economic reports scheduled today. The CBOE Volatility Index, which typically moves inversely to the SPX, fell more than 8 percent yesterday 11.56--its lowest close since February 2007.  

China led Asian bourses lower overnight after the country launched a probe a investment products, helping to drive down the Shanghai Composite by 1.04 percent and Hong Kong's Hang Seng by 0.87 percent. Japan's Nikkei fell 0.28 percent even as the yen continued its decline.

European indexes are mixed but mostly flat so far. Germany's DAX and France's CAC 40 off fractionally as of this writing. The U.K. FTSE 100 higher, but by less than 0.1 percent.

Precious metals are stronger today, with gold and silver both up nearly 1 percent. Copper is also slightly higher. Other commodities are little-changed, including oil and natural gas.

In company-specific news, VodaFone is up sharply in pre-market trading after the company announced last night that its CEO is stepping down. Yum Brands is also trading higher after same-store sales beat quarterly forecasts. BlackBerry is up modestly amid deal rumors and the pending introduction of its new handsets.
Share this article with your friends


Related Stories

SPX

Stocks inch lower on mixed news

July 31, 2015

S&P 500 futures are off 0.1 percent, mostly tracking the moves in Europe. Asia was mostly higher, led by again of 1.5 percent in Mumbai, though Shanghai dropped 1.1 percent.

SPX

Chicago PMI, energy earnings due

July 31, 2015

Chicago PMI is expected to show a reading of 50.5 for July, up from 49.4 in the previous month. Exxon Mobil and Chevron announce results before the opening bell.

SPX

Stocks slide on weak GDP report

July 30, 2015

S&P 500 futures are down about 0.3 percent, while European indexes are higher by about 0.5 percent. Asia was mixed overnight, Tokyo up 1 percent but Shanghai down 2 percent.

SPX

Preliminary GDP leads calendar

July 30, 2015

Economists are looking for growth of 2.5 percent in the second quarter, compared with a 0.2 percent drop between January and March.

SPX

Futures keep rising before Fed

July 29, 2015

S&P 500 futures are up 0.2 percent while European markets are fractionally higher. Shanghai was the biggest mover in Asia overnight, climbing 3 percent.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »