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Article: ONN.tv Reports: Is the S&P 500 Pointing to a Bull Market Run or a Bear Market Rally?
- Article from:
- Business Wire
- Article date:
- June 11, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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OptionsNews on ONN.tv for June 11, 2008
CHICAGO -- OptionsNews, the daily news program on www.onn.tv, today reported on the following companies:
Total option volume remained basically unchanged from Monday. CBOE volatility index, also known as the VIX, was also basically unchanged.
Analysts are closely watching the level of the S&P 500 right now. Many commentators are looking at the 1344 to 1350 level in the index as either being support for a possible bull market or confirmation of a bear market rally. Some traders are pointing to the past year-end buy-write on the SPX. They have noticed that currently you can sell the March 1400 calls for $87 ...