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The Dow Jones Industrial Average (DJIA) and S&P 500 Index (SPX) popped higher early in today's session, thanks to a stronger-than-expected Automatic Data Processing (ADP) payrolls report. However, the broad-market indexes gave back some of their gains after Fed Chair Janet Yellen addressed the limitations of the current monetary policy -- and barely came out on top at the closing bell.

Continue reading for more on today's market, including:

  • One analyst shined a bullish light on Apple Inc. (NASDAQ:AAPL) today, and he isn't the only one waxing optimistic on the equity.
  • Warning: three stocks that could potentially hit technical turmoil this month.
  • Short-term option bulls are taking advantage of the relatively low premiums on BlackBerry Ltd's (NASDAQ:BBRY) front-month options.
  • Plus ... The ADP employment report was surprisingly upbeat, Fed Chair Janet Yellen discussed the current monetary policy, and Tesla Motors Inc (NASDAQ:TSLA) speculators paid no attention to today's retreat.
Trading Topic of the Week -- Ways to Win with Aggressive Trades: Stay open to both bullish and bearish setups. Thanks to the flexibility of options, you can reap leveraged profits even when the market is in sell-off mode.

The Dow Jones Industrial Average (DJI - 16,976.24) spent just about the entire day in the green, and closed out the session up 20.2 points, or 0.1%. For the second day in a row, International Business Machines Corp. (NYSE:IBM) enjoyed the biggest move among the 17 advancing Dow members with a 1.1% gain, while JP Morgan Chase & Co. (NYSE:JPM) led the 11 decliners with a 1% loss on the day. Intel Corporation (NASDAQ:INTC) and The Coca-Cola Company (NYSE:KO) both finished flat.

The S&P 500 Index (SPX - 1,974.62) also managed to knock out a daily win, closing just 1.3 points, or 0.1%, higher. Meanwhile, the Nasdaq Composite (COMP - 4,457.73) landed on the south side of breakeven, with a daily loss of 0.9 point.

The CBOE Volatility Index (VIX - 10.82) lost 0.3 point, or 3%, today, and ended below 11 for the first time since June 23.



5 Items on Our Radar Today:

  1. The ADP payrolls report was released today, showing employment within the private sector surged by 281,000 in June -- marking the biggest monthly increase since November 2012. The results -- which came in well above economists' estimates -- indicate the U.S. job market, plus the demand for workers, is strengthening. (Bloomberg)
  2. Also, Federal Reserve Chairperson Janet Yellen gave a speech on financial stability at the International Monetary Fund this afternoon. Generally speaking, Yellen said, while pockets of risk-taking do exist, there is no immediate need to deviate the monetary policy from its two pillars of concern: price stability and employment. (Bloomberg)
  3. A less-than-stellar factory orders report hit the Street, as well. To be more specific, orders to U.S. factories declined by 0.5% in May. This was the first loss logged in three months, and may have been attributed to falling demand for military and transportation equipment. (USA Today)
  4. Rackspace Hosting, Inc. (NYSE:RAX) shares jumped more than 6% today, on rumors that the company may be going private. It was said that RAX is negotiating with a private equity firm to borrow capital for the deal, and may make the official announcement as early as this week.
  5. Even though TSLA backpedaled more than 4% today, its options traders remained optimistic, wasting no time placing short-term bets on the equity's rebound. In fact, a large number of speculators are apparently expecting TSLA to regain its foothold atop $240 by tomorrow's 1:00 p.m. ET close.

For a look at today's options movers and commodities activity, head to page 2.

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