Wednesdays Vital Data: Alibaba Group Holding Ltd (BABA), Amgen Inc. (AMGN) and Advanced Micro Dev


U.S. stock futures are plunging this morning. Another key exit from the Donald Trump White House has set investors on edge, as Gary Cohn, the head of President Trump’s National Economic Council, resigned. Cohn was considered a moderating voice in the White House, and opposed Trump’s tariff proposal.

stock market todayAs a result, Dow Jones Industrial Average futures have plummeted 1.02%, S&P 500 futures have dropped 0.73% and Nasdaq-100 futures are down 0.60%.


Turning to the options pits, volume was surprisingly light yesterday. Only about 16.3 million calls and 13.8 million puts changed hands. The CBOE single-session equity put/call volume ratio edged lower to 0.52 — a three week low. The 10-day moving average slipped to 0.62.

Taking a closer look at yesterday’s options activity, Alibaba Group Holding Ltd (NYSE:BABA) saw an uptick in call volume after Chinese e-commerce strategist firm Baozun reported stronger-than-expected earnings. Meanwhile, Amgen Inc. (NASDAQ:AMGN) drew mixed options activity ahead of today’s FDA panel review of Amgen’s sBLA for Blincyto. Finally, Advanced Micro Devices, Inc. (NASDAQ:AMD) continued to see extremely heavy put option volume.

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