Major indices are well into the green this Monday morning as the market joins Florida, and to a lesser extent, the country, in rejoicing that the monster hurricane Irma took a less destructive path than feared, losing its buzz-saw like eye-wall over Cuba before striking Florida’s west coast. Still, the storm, now tropical storm was and continues to be devastating; one hopes the celebratory tone does not prove premature. Finisar (FNSR) is up 2.76% after posting better than expected earnings.
Here are your Monday morning market metrics. Industries doing well today include leisure equipment, communications equipment, and real estate management. Industries showing weakness include specialty retail, construction material, and professional service. The VIX is down 11.8% to 10.69 after closing on Friday at 12.12. The most heavily traded options this morning are for The SPDR S&P 500 ETF (SPY), with 11,625 September-29 250 calls on the board. The total put/call ratio as of 10:00 AM was 0.88 (412,196/363,520). The advancers/decliners ratio for NYSE stocks is 2,320/525, while the advancers/decliners ratio for NASDAQ stocks is 2,070/653.