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Oct 01, 2016

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Market Analysis

Home » Latest News » Nasdaq Call Options Look Favourable As Technology And Oil Power US Stocks

Nasdaq Call Options Look Favourable As Technology And Oil Power US Stocks

Posted by Option_Banque in Latest News - September 15th, 2016 7:46 pm GMT

Nasdaq 100 index rose vigorously on Thursday with strong support from energy companies and the information technology sector. Crude oil prices were pushed higher today due to short covering. Brent crude almost reached $47 per barrel while U.S benchmark WTI surpassed the $44 per barrel.

Skyworks Solutions’ shares topped the list of the day’s best performers, trading up nearly 6%. Following close behind were NVIDIA Corp and Vertex Pharmaceuticals Inc, which advanced more than 3% each. Apple remained among the biggest gainers today, extending the rally that has been fueled by high demand for its new iphone 7.

Among the 23 company shares trading lower today, the worst component so far is Ulta Salon Cosmetics and Fragrance IncIncyte (INCY), down 1.66%.
On balance, gainers seem to be outweighing losers by a big margin and weak US economic data has pushed stocks higher as chances of an immediate rate hike by the Fed seem low.

Trade suggestion
Buy Digital Call Option from 4800.00 to 4810.00 valid until 20:00 GMT September 15, 2016

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