April 9, 2015 Market Wrap Up

The S&P 500 closed the day higher; however, the volume was relatively light. Some of the highlights included a resurgence in the US Dollar, which climbed 1% higher. In international news, Greece was able to make their payment to the IMF.

Volatility got sucked out of the market, the VIX dropped more than 6%, closing at 13.09.

Energy prices rebounded today after yesterdays Department Of Energy numbers showed a huge build in crude oil stock. The United States Oil ETF closed at $18.03.

In individual stock news, Altera Corp (ALTR) was extremely volatile today. The stock price gapped down in the pre-market; however, it managed to close significantly higher on the day. The move was attributed to a CNBC story that stated that Intel (INTC) pulled their offer for Altera off the table because Altera rejected their bid which was in the $50+ range.

On the options front, we saw bullish call buying in Omnicare Inc (OCR), KAR Auction Services Inc (KAR), and Antares Pharma Inc (ATRS). Bearish option bets were made in KEYW Holding Corporation (KEYW) and Bloomin Brands Inc (BLMN).

Given the light economic schedule, we could have a slow day in the markets tomorrow.