February 12, 2015 Market Recap

The S&P 500 continued its climb higher, closing at 2088, up nearly 20 points and a high for 2015. We were up in the pre-market on the belief that tensions between Russia and the Ukraine have eased, by coming up with a cease-fire agreement. In addition, there are hopes that Monday’s Euro zone finance minister meeting will yield some positive results between the Greek financial situation.

The VIX got smoked, closing at 15.34, down nearly 10%.

The crude oil market caught a bid today, but continues to remain volatile. The United States Oil ETF, USO, was up nearly 4%, closing at 19.18.

Some of the big movers today included: FEYE +10%, CSCO +8%, WFM +4% and SKX +6%, BIDU -5%, TSLA -6% and K -4%

This evening we had positive reactions to earnings from: KING +21% and CYBR +17%
We had negative reactions to earnings from: ZNGA -12%

On the options front we saw bullish option flow in: MATX, PODD and NASM
We saw bearish option flow in SBLK.

The theme currently is risk on, it will be interesting to see how long that lasts, as we near all-time highs in the S&P 500.