Stock futures are lower to start Tuesdays trading day.
Here are the morning reads:
The stock market gyrated between gains and losses today. At the end of the session the $SPY found itself smack in the middle of the days range. It was a not too hot, not too cold, type of a day.
$SINA rallied as the CEO did what every investor wished their CEO did, he bought back almost 1/2 a BILLION $$ of the company stock. The stock rallied 23% and the stock options were up, in some cases, a few thousand percent.
$SINA wasn't the only stock turning penny options into dollars.
$CMG offered a nice trade yesterday for those willing to take a profit (the stock fell today) $PCLN had a similar move this time to the downside.
Those $.55 puts went for over $6 later on in the session.
The chatroom was enjoying the move. A few of the trades today: