Why Options Traders Blasted This Retailer

The Dow is slightly above breakeven this morning

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Schaeffer's Opening View
8/30/2021
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Stock Futures Muted Following Central Bank Update


By: Fernanda Horner

Stock futures are muted this morning, after last week surging in response to Federal Reserve Chairman Jerome Powell's speech at the annual Jackson Hole symposium, which eased fears surrounding interest rate hikesDow Jones Industrial Average (DJI) futures are inching higher this morning, while S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) futures are pointed slightly above breakeven, too, after the two benchmarks nabbed fresh record in the previous session. Traders are now looking ahead to the release of the August jobs report, which is due out Friday.

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

  • Options traders blasted this retail stock ahead of today's report.
  • Snowflake stock attracted several bull notes after its quarterly win.
  • Plus, MRNA suspends vaccine doses; LEVI notches fresh coverage; and buyout buzz boosts drug maker.
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