U.S. stock futures are trading broadly higher this morning. Wall Street was bolstered by news that North and South Korea would hold their first summit meeting in more than a decade. Additionally, industrials got a lift as resistance to President Donald Trump’s tariff plan mounted from key House Republicans, including Speaker Paul Ryan.
Heading into the open, Dow Jones Industrial Average futures have added 0.56%, S&P 500 futures are up 0.40% and Nasdaq-100 futures have gained 0.59%.
Turning to the options pits, equity option volume retreated from Friday’s binge. Levels returned to normal, with about 17.2 million calls and 14.5 million puts changing hands. The CBOE single-session equity put/call volume ratio plummeted to 0.55. The 10-day moving average ticked higher to 0.64.
Taking a closer look at yesterday’s options activity, Apple Inc. (NASDAQ:AAPL) attracted put attention in the wake of a string of negative analyst comments. Elsewhere, Micron Technology, Inc. (NASDAQ:MU) saw call option volume explode as the shares topped $50 for the first time in 17 years. Finally, Amazon.com, Inc. (NASDAQ:AMZN) drew speculation on news it was looking at offering a checking-like product.