June 11, 2015 Market Wrap Up

The S&P 500 is on a 3-winning streak, continuing strength from yesterday’s 1.2% move higher. However, volume was relatively light.

The VIX is now below 13, closing the day at 12.85.

In respect to energy, The United States Oil Fund was relatively flat, closing at 20.49, which was less than a 1% move.

On the options front, we saw bullish call buying in Amicus Therapeutics Inc (FOLD) and CSX Corporation (CSX). In addition, we saw some bearish put buying in Texas Instruments Incorporated (TXN).

We saw some action after the close too. Twitter (TWTR) got a bid in the after-hours after Dick Costolo announced that he’d be stepping down, the stock was trading north of $40 at one point. In addition, T-Mobile (TMUS) got a bid after it was announced that DISH reportedly talking to banks to finance a bid.

Here’s what’s left on the schedule for tomorrow.

Key Economic Data:
12 JUNE 2015- PPI 8:30 AM ET

Key Conferences:
Apple World Wide Developers Conference (runs till 6/12)