June 30, 2015 Market Wrap Up

The S&P 500 bounced back a little after yesterday’s big sell off. The market is patiently waiting for news out of Greece. Right now, it seems like a toss up, on whether or not they’ll come to a resolution or possibly default on their debt.

The VIX has exploded over the last two days, hitting a high of 19.80 and settling at 18.23.

In respect to energy, The United States Oil Fund was trading higher, closing at 19.88, which was good for a 2% pop.

On the options front, we saw bullish call buying in Melco Crown Entertainment Limited (MPEL) and Sysco Corporation (SYY). We saw bearish put buyers in Michael Kors Holdings (KORS).

Here’s what’s left on the schedule for the rest of the week:

Key Economic Data:
1 JULY 2015- ISM Manufacturing Index 10:00 AM ET
2 JULY 2015- Employment Situation 8:30 AM ET, Jobless Claims 8:30 AM ET

Key Earnings:
1 JULY 2015- GIS, STZ