OptionsHouse

Options Trading News

November 8, 2012  Thu 7:10 AM CT

SPX: SEE CHART GET CHAIN FIND STRATEGIES
Stocks and commodities are rebounding this morning after a big selloff yesterday.

S&P 500 futures rose by about two-tenths of a percent, compared with gains of more than half a percent in Europe. Asian markets fell sharply in the overnight session, following yesterday's U.S. tumble.

Equities are stabilizing after the S&P 500 touched its lowest levels since early August yesterday and Greece's parliament narrowly passed austerity measures that will help it avert a sovereign-debt default. Attention now turns to Washington, where Republican leaders in the House are sounding a conciliatory tone about deficit problems in the U.S.

Foreign exchange and commodities are mixed today. The euro is modestly lower after German exports fell, but oil is climbing by almost 1 percent. Copper and gold advanced by one-third of a percent, while silver is up by three-quarters of a percent. Agricultural foodstuffs are also mostly positive.

In company-specific news, Qualcomm is indicated to open higher after earnings and revenue beat expectations. Universal Display fell sharply after reporting a surprise loss and cutting its guidance. Monster Beverage is also down after increased promotional spending caused it to miss per-share earnings estimates.
Share this article with your friends


Related Stories

SPX

Stocks drop amid Greek impasse

March 31, 2015

S&P 500 futures are down 0.6 percent, similar to moves in Europe. Tokyo and Shanghai fell about 1 percent overnight, while commodities and currencies are showing risk aversion.

SPX

Consumer confidence tops docket

March 31, 2015

Today brings of mix of potentially important economic news, including consumer confidence, home prices, and the Chicago Purchasing Managers Index.

SPX

Stocks climb with gains overseas

March 30, 2015

S&P 500 futures are up half a percent, while most of Europe is up more than a full percentage point. Shanghai kicked off the move overnight with stimulus hopes and central-bank comments.

SPX

Busy calendar for shortened week

March 30, 2015

Attention will probably focus on Greece today after leaders in Athens promised to deliver a list of potential reforms needed for the debt-laden country to receive further aid.

SPX

Stocks drifting at bottom of range

March 27, 2015

S&P 500 futures are off 0.1 percent, while European markets are mostly higher. Asia was mixed overnight. Oil and metals are under pressure as the euro surrenders some of its recent gains.

Invest Like a Monster - San Diego: June 26-27

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

Education & Strategy

Short Gamma

Last week, we talked about long Gamma. We said that long gamma is acquired by purchasing options and when you...

View more education articles »