"Quadruple-witching expiration wreaked havoc on equities Friday, and the Dow Jones Industrial Average (INDEXDJX:.DJI) retreated more than 185 points," lamented Schaeffer's Senior Options Strategist Tony Venosa, CMT. The 30-stock index is poised to pare a portion of this triple-digit loss, though, with futures pointed modestly higher ahead of the bell. While the economic calendar is light, a number of Federal Reserve officials will take to the stage throughout the day, including Atlanta Fed President Dennis Lockhart, New York Fed President William Dudley, and Dallas Fed President Richard Fisher. Among equities, Apple Inc. (NASDAQ:AAPL) is trading lower ahead of the bell, as Wall Street awaits the results of its weekend iPhone sales.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are 35 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1,410,621 call contracts traded on Friday -- the most since July 19 -- compared to 841,277 put contracts. The resultant single-session put/call ratio rose to 0.60, while the 21-day moving average stayed at 0.57.
Currencies and Commodities
Earnings and Economic Data
The week kicks off with the flash manufacturing purchasing managers index (PMI). Red Hat (RHT) is set to report earnings.
9 Levels to Watch for Apple Inc.
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