TODAY'S FUTURE PRICE ACTION

Prices are as of 3:15 p.m. CT
TODAY'S FEATURED VIDEOS
KEY TAKEAWAYS WITH PAUL
FAANG stock earnings finished up yesterday as Apple impressed investors and traders by delivering a strong Q2 earnings report just in time for market bulls to breathe a sigh of relief after several difficult days in tech stocks following 20% drops by Facebook and Twitter. Nas100 futures (NQ) rallied overnight amidst high volumes as Apple stock rose to 5% gains to make all-time highs for the tech giant.

Today we will continue the earnings focus as we look at the Quikstrike tool “Most Active Strikes” where users can view open interest (OI), open interest change and volume activity detailing the most active strikes by calls, puts and combined calls and puts. The report displays the Top 20 (default) in rank order including all expirations available for the currently selected product. OI and OI change combined with most active strikes can be an interesting analytic of market participant sentiment and posture. Looking at some of the Nas100 option activity we can see a 3:1 put/call ratio (puts 13.3k, calls 4.5k) and a 2:1 put/call OI change as well. The July week 3, 7050 put saw the greatest activity in volume while the Sept (quarterly expiration) 6000 put shows the largest change in open interest (OI).

Paul Kamhout serves as Director, Client Development & Sales at CME Group. He is responsible for driving retail client growth and support through education and strategic partnerships internationally.

Prior to joining CME Group in 2015, Paul spent over 25 years in the futures industry with over 20 of those years as a futures trader.

You can connect with Paul at activetrader@cmegroup.com     

MARKET HIGHLIGHTS

Interest Rates

Stocks Mixed, Treasuries Decline as Fed Stands Pat: Markets Wrap

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Energy

Oil at Five-Week Low as Supply Worries Compound Trade War Threat

(Bloomberg) -- Crude fell to the lowest in more than five weeks as a surprise rise in U.S. crude inventories and increases in production from OPEC and Russia has investors worried that global supply l
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