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Market Summary | | Stocks On The Move |
5/21/2013 3:00 PM ET
[BRIEFING.COM][BRIEFING.COM] The S&P 500 trades higher by 0.4% as today's session enters its final hour. In the foreign exchange market, the Dollar Index is higher by 0.2% after early buying produced a test of the 84.20 area. However, trade slipped back...[more]
Stock Market Headlines
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- 3:34 PM Major hedge funds have suddenly turned bullish, reportedly buying massive amounts of OTC call options on the S&P 500 (SPY). The purchases have been large enough to send the VIX (VXX) higher even as stocks continue to gain. An important milestone - the implied volatility of S&P calls is now greater than that of puts, a true rarity since 2007.
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