The Dow Jones Industrial Average (DJI) is set to pare some of last week's gains, despite blue chip Bank of America's (NYSE:BAC) settlement with Fannie Mae. "The S&P 500 Index (SPX) closed up nearly 5% last week, and made a new five-year high," noted Schaeffer's Senior Options Strategist Tony Venosa. "Focus will turn back to company fundamentals this week, as January earnings season kicks off on Tuesday with the release of Alcoa's (NYSE:AA) fourth-quarter report."
Futures on the Dow Jones Industrial Average are roughly 35 points below fair value.
Equity option activity on the Chicago Board Options Exchange (CBOE) saw 929,392 call contracts traded on Friday, compared to 596,575 put contracts. The resultant single-session put/call ratio jumped to 0.64, while the 21-day moving average remained at 0.63.
Currencies and Commodities
Earnings and Economic Data
The calendar is rather quiet to open the week, with no major economic events or earnings reports scheduled.
The Case for Big Moves in IWM and QQQ
Featured Partners: AOL DailyFinance
© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242
Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: email@example.com
All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.
Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.