September 22, 2016 Market Wrap Up

The S&P 500 continued its ascent higher, as it closed up $0.65%. The NASDAQ closed at all time highs for the second straight session. With that said, volume was below average on both indices.

Stocks in play today included: Lumber Liquidators (LL) +6.8%, Seaworld Entertainment (SEAS) +7.8%, and Vipshop Holdings (VIPS) +9.7%.

The destruction of the VIX continued again for another session, dropping nearly 10% and closing a shade above 12.

Crude oil futures prices soared again today, making it four straight positive days. Over that period, crude futures prices have been up 5.6%

On the options front, we saw large call buying activity in SunTrust Banks (STI), which traded 5.9 times normal option volume. In addition, we saw heavy put buying in Federated Investors (FII), which was 30.3 times normal options volume.

Here’s what’s on tap for tomorrow:

Key Earnings:
23 Sep 2016- FINL

Be sure to check out our Active Trading Masters Program | Online Courses