January 7, 2015 Market Wrap Up

It was another rough day in the markets. We’re already down 5% in the S&P 500, early into the new year. The catalyst this time came out of Asia. The Shanghai Composite dropped 7% overnight. With that said, all eyes will be on that market this evening. However, the markets closed a tad above their daily lows.

The VIX exploded higher, closing up to nearly 25, a gain of over 21%.

Crude oil futures prices have not faired better, they’re down about 9% on the new year.

Stocks in play today included: Apple (AAPL) -4.8%, Sunedison (SUNE) -38.5%, Dynavax (DVAX) +39%

On the options front, we saw large call buying activity in Darling Ingredients (DAR). We also saw aggressive put buying in Cerner Corp (CERN).

There is not much on tap in respect to economic news.

Conferences:
6 January 2016- Consumer Electronics Show (runs till 1/9)