October 22, 2015 Market Wrap Up

The S&P 500 was on fire today, closing the day up near 2%. The SPDR S&P (SPY) is now up more than 6% on the month.

The market opened up strong after earnings from McDonalds posted better than expected earnings. The stock price closed the day up a little more than 8%.

The VIX continues to get leveled, it closed the day at 14.45, down more than 13%.

The energy sector was relatively flat; however, we did see some strength in some energy stocks in the likes of Exxon Mobil (XOM), which was more than 3%.

On the options front, we saw bullish call buying in Vmware (VMW). Options that saw bearish put buying in AbbVie (ABBV).

This evening we got earnings from Alphabet (GOOGL) +9% , Amazon (AMZN) +9.7%, and Microsoft (MSFT) +8%.

Here’s what’s on tap tomorrow:

23 October 2015- AAL, PG