U.S. stocks settled sharply higher on Thursday, after an earlier sell-off earlier in the session.
Traders digested the consumer prices index, which showed the annual inflation rate in the US easing for the third straight month to 8.2% in September, the lowest in seven months, down from 8.3% in the previous month. However, analysts were expecting a reading of 8.1%.
Someone with a lot of money to spend has taken a bearish stance on Citigroup (NYSE:C).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
The CNN Money Fear and Greed index showed further increase in the fear level among investors after the Nasdaq Composite index tumbled to the weakest level in two years on Monday amid a decline in semiconductor stocks.
After a strong two-day rally to start October, the SPDR S&P 500 ETF Trust (NYSE: SPY) gave up some of its gains on Friday following a mixed U.S. jobs report.