March 31, 2015 Market Wrap Up

The S&P 500 closed the day negative; however, the first quarter of 2015 was a positive one. Today was another one of those painfully slow days in the market. Frankly, the most interesting part of the day was all the malfunctions we saw in the exchanges, causing several ETFs to halt and resume trading many times. For example, ProShares Ultra VIX Short Term Futures (UVXY) was halted nearly 10 times due to glitches.

Given the sell off, it was no surprise to see the VIX up over 5%, closing at 15.29. In addition, Crude Oil prices sold off about 2%, closing the quarter down 10%.

Option activity was rather light. However, we did see some bullish option flow in Walmart Stores Inc (WMT), Activision Blizzard Inc (ATVI), and Caesars Entertainment Corporation (CZR). On the bearish side, we saw heavy put buying late in the day in General Motors Company (GM).

In IPO news, GoDaddy will be going public tomorrow.

Keep in mind, we’ve only got two more trading days after today. Here’s what’s left on the schedule.

Economic Data:
1 April 2015- ISM Manufacturing Index 10 AM ET
2 April 2015- International Trade 8:30 AM ET, Jobless Claims 8:30 AM ET
3 April 2015- Employment Situation 8:30 AM ET

Key Earnings:
1 April 2015- MON
2 April 2015- KMX and MU