June 18, 2015 Market Wrap Up

The S&P 500 caught a bid today, continuing its strength from yesterday’s FOMC meeting. In addition, the Russell 2000 and NASDAQ saw record high prints today.

We also got some positive news out of Greece, basically hearing that they are close to a resolution.

The VIX is now below 14, closing the day at 13.25. Today saw the VIX drop nearly 9%.

In respect to energy, The United States Oil Fund was relatively flat, closing at 20.26, which was less than a 1% move.

On the options front, we saw bullish call buying in New York REIT Inc (NYRT) and Rackspace Hosting Inc (RAX).

Tomorrow is triple witching, that is when stock index futures, stock index options, and stock options expire on the same day. There is a good chance we might some volatility around the close.

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

Key Earnings:
19 JUNE 2015- KBH, KMX

Key Conferences:
Wells Fargo Healthcare Conference