The Dow Jones Industrial Average (INDEXDJX:DJI) is poised to extend its Fed-induced momentum into a third straight session, with futures pointed solidly higher ahead of the bell. What's more, the blue-chip barometer is easily on pace to resume its slate of weekly wins, and is already up 2.9% from last Friday's close. Although today's economic calendar is void, it is quadruple-witching expiration, which should create some increased volatility. Additionally, speeches from Chicago Fed President Charles Evans and Richmond Fed President Jeffrey Lacker should garner some attention.
Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are nearly 82 points above fair value.
The Chicago Board Options Exchange (CBOE) saw 1.20 million call contracts traded on Thursday, compared to 691,629 put contracts. The resultant single-session equity put/call ratio plunged to 0.58, while the 21-day moving average moved up to 0.65.
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