May 29, 2015 Market Wrap Up

Investments, Trading

May 29, 2015 Market Wrap Up

The S&P 500 closed relatively weak today, on increased volatility. Some market pundits attributed the move to weaker than expected economic numbers. In addition, market participants are awaiting how the Greek debt situation will play out.

The VIX shot up nearly half a point, closing above 13.84.

In respect to energy, The United States Oil Fund was up 4%, closing at 20.36. Looking forward, the energy names might see some increased volatility ahead of the Opec Meeting.

On the options front, we saw bullish call buying in PepsiCo Inc (PEP) and Heron Therapeautics Inc (HRTX). In addition, we saw bearish put buying in Trinity Industries Inc (TRN) and Express Scripts Holding Company (ESRX).

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