Friday, June 6, 2014

6-6-14: End of Day Report - Largest Stock Moves, New 52 Wk. Highs/Lows, Unusual Option Volume

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The S&P 500 not only eclipsed a new all-time high, but it saw an incredible 60 new annual highs today, and zero new lows. All of the details are included below.

In terms of the week as a whole, on Sunday, in my weekly "Market Focus: Prepare for The Week to Come" post, I wrote:
"[if] the winter argument does hold water [and economic numbers are good], and we will see new highs in the S&P 500 -- that's a promise.  A promise based on an "if.""

Of course, I also wrote: "Thursday & Friday may present market moving macro news."

You can read that full post here: 6-2-14: Market Focus: Prepare for The Week to Come

Well, I suppose the market did move, but that's not what I was anticipating.  In fact, we saw VIX hit a 7-year low today. You can read that story below (the top option story).

The VIX spot closed at 10.73%.
  • Since 1996, VIX Has Only Been this low 60 Times.
  • VIX close has not been this low since 2-23-2007
  • For the 9+ Years Between 1996 and Summer 2005, VIX was Never this Low.
  • All-time Average VIX: 20.1%
  • All-time Median VIX: 18.4%

Top Headlines
Uber sets valuation record of $17 billion in new funding

Apple stock split: another “big” milestone

Another Great Recession level fades as U.S. passes employment peak

Top option Story
VIX - 7-year Lows Breached. The Calm Priced into the Market is Stunning. But Did You Know This?

Open Interest
6-6-14: Daily Open Interest Report

Covered Call
6-6-14: Daily Covered Call Report

Biotech Index
Daily Biotech Small & Micro Cap Update

Market Overview

Largest Stock Gainers

Largest Stock Losers

New 52 Wk Highs in S&P 500

New 52 Wk Lows in S&P 500
No New Lows

Unusual Option Volume

Elevated Implied Volatility (IV) to Historical Volatility (HV)

This is trade analysis, not a recommendation.

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