Market recoups some of yesterday’s losses in early trade Stock futures traded slightly above fair value throughout the pre-market trading session, leading to a higher open for the broader market. The mild move higher follows yesterday’s moderate selloff. The down day on the first day of the year generated some buzz yesterday and it is worth noting that the market has not had losses in its first two trading days of the year since 2005. About 15 minutes into trading, the Dow is up 47 points, the Nasdaq is up 5 points and the S&P is up 4 points.
Vanguard REIT ETF volatility at upper end of three-year range Vanguard REIT ETF overall option implied volatility of 18 compares to its 26-week average of 15 according to Track Data, suggesting large near term price movement.
SPDR S&P Oil and Gas Exploration and Production ETF volatility flat SPDR S&P Oil and Gas Exploration and Production ETF overall option implied volatility of 39 compares to its 26-week average of 38 according to Track Data, suggesting non-directional price movement as WIT oil is at a six-year low.