Login to your account

Lost your password?

Stocks lower on options expiration day

Stocks are mostly lower Friday morning. Commodity prices fell overnight on concerns about tightening liquidity in Chinese markets. Monthly options contracts expire today, which could lead to higher volatility than normal later in the day.

West Texas Intermediate crude is trading at $53.27. At present, the S&P 500 is down .18%, the DJIA is down 0.28%, and the NASDAQ is up .02%.

Here are your Friday-morning market metrics. Industries doing well today include personal products, household products, and real estate management and development. Industries showing weakness include independent power and renewable electricity producers, construction and engineering, and health care providers and services. The VIX is up .18 to 11.94 after closing on Thursday at 11.16. The most heavily traded options this morning are for the SPDR S&P 500 ETF (SPY), with 13,834 April 230 puts on the board. The total put/call ratio as of 10:00 AM was 1.28. The advancers/decliners ratio for the NYSE is 978/1,693, and for the NASDAQ, 982/1,363.

Symbols:

Bobby Raines

Bobby Raines is the Managing Editor of the Market Intelligence Center. He has degrees in Mass Communications and History from Emory & Henry College. Bobby worked at a mid-sized daily newspaper before making a switch to covering the financial industry full time in the years leading up to the financial crisis. He has been a member of the Fresh Brewed Media team since 2011 and has served as a writer and analyst. You can write to him at braines@marketintelligencecenter.com or follow him on Twitter: @BRatMICenter.