April 16, 2015 Market Wrap Up

The S&P 500 closed slightly negative today; however, the VIX continued to sell off and is currently trading below the 13 level. All in all, it was a relatively quiet day.

One of the biggest moves we saw today was in Netflix Inc (NFLX), which was up over 18% and closing at all-time highs after their earnings release.

Crude oil futures closed higher yet again today, taking us to highs we have not seen in three months.

On the options front, we saw bullish call buying in Enbridge Inc (ENB), Gogo Inc (GOGO) and ON Semiconductor (ON). Bearish option bets were made in DHT Holdings Inc New (DHT) and Flextronics International Ltd (FLEX).

Here’s what’s on tap for Friday.

Key Economic Data:
17 April 2015- Consumer Price Index 8:30 AM ET

Key Earnings:
17 April 2015- HON, GE, and STX