U.S. stock futures are treading water just above break even this morning. Wall Street is in a bit of a holding pattern as it awaits key earnings from a flood of financial banking giants.
JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) have both already reported earnings this morning.
Heading into the open, futures on the Dow Jones Industrial Average have gained 0.02%. Meanwhile, S&P 500 futures are down 0.04% and Nasdaq-100 futures have added 0.01%.
In options activity, volume was pretty middle-of-the-road on Thursday. Overall, about 17.8 million calls and 13.3 million puts changed hands on the session. On the CBOE, the single-session equity put/call volume slipped to 0.56, dragging the 10-day moving average lower to 0.62.
Options traders refocused on tech yesterday. Analysts price target increases at Amazon.com (NASDAQ:AMZN) and Twitter (NYSE:TWTR) naturally attracted call options activity. However, calls were also popular on Broadcom (NASDAQ:AVGO), which was slammed for shelling out $19 billion to acquire CA, Inc. (NASDAQ:CA).
Let’s take a closer look: