After the Open… Stocks are mixed in morning trading, with the tech rich NASDAQ higher while the Dow and S&P 500 remain slightly lower. Everyone, it seems, is waiting for Apple's (AAPL) big announcement of the newer, larger iPhone 6 tomorrow before striking out in one direction or another. General Motors (GM) has announced that it will be selling a self-driving Cadillac by 2016, but the Street isn't too impressed, and GM stock is down about 1%.
Here are your Monday morning market metrics. Industries doing well today include Software, Health Care Technology and Airlines. Industries showing weakness include Automobiles, Energy Equipment and Oil/Gas.
The VIX is up 3.2% to 12.50 after closing on Friday at 12.09. Apple and Bank of America (BAC) are both showing big options activity, the largest trades being 17K AAPL April 127.14 calls changing hands, and 13,105 BAC September 16.5 calls changing hands. The put-call volume ratio is 0.74, (279,628/207,304). NYSE Adv/Dec 1,525/1,366. Nasdaq Adv/Dec 1,513/935.
Julian Close has been a business writer since the first day of the twenty-first century, having written for PRA International and the United Nations Department of Peacekeeping. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. He became a stockbroker in 1993, but now works for Fresh Brewed Media and uses his powers only for good. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.