Gold ETF Blitzed by Options Bears

Coronavirus has officially surpassed SARS in death toll

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Market Recap
MARKET RECAP
 
 

2/10/2020

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S&P 500, Nasdaq Shake Off Coronavirus Fears For New Highs

By Patrick Martin
Share On

The Dow picked up an impressive triple-digit win today, despite trading more than 100 points in the red at its session lows. Powered by a 2.6% burst from Microsoft (MSFT), the blue-chip index at least for a day shook off the worsening coronavirus outbreak, which has now surpassed SARS with a death toll of 908. Meanwhile, the S&P 500 roared higher  in last-minute trading to nab a record close, while the tech-heavy Nasdaq -- thanks to a big day from Amazon.com (AMZN) -- finished comfortably in the black and hit an intraday record high. 

Continue reading for more on today's market, including:

  • Puts were popular today for this gold ETF.
  • Why this drug stock scaled the Nasdaq.
  • Plus, an Under Armour bear signal; LB eyes Victoria's Secret sale; and QSR's big chicken sandwich win. 
>> Continue reading...
LATEST HEADLINES
>> Options Traders Play the MCK, SPCE, and LYFT Stock Rallies
The shares of MCK, SPCE, and LYFT are gaining today
>> Signal Says UAA Could Slide After Earnings
The appareler just ran into familiar pressure at its 160-day moving average
>> Drug Stock Surges Near Top of Nasdaq on Phase 1 Results
Analysts were unsure of the equity coming into today
>> Stocks Pare Losses with AMZN Surge
Coronavirus concerns step back as tech moves higher
>> GLD Put Trading Picks Up
Put buying hasn't been relatively popular on GLD
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