U.S. stock futures are headed higher this morning, pointing toward a positive open. The Dow Jones Industrial Average is on track to break its four-session losing streak, but corporate earnings have yet to play out.
Against this backdrop, Dow Jones futures are up 0.63%, S&P 500 futures have gained 0.58% and Nasdaq-100 futures are higher by 0.55%.
Turning to the options pits, volume was exceedingly low on Monday. Only about 15.7 million calls and 13.6 million puts changed hands on the session. The CBOE single-session equity put/call volume ratio fell to a two-week low of 0.61. The 10-day moving average held at 0.63.
Leading Monday’s activity, Micron Technology, Inc. (NASDAQ:MU) call options were active following another broadside from analysts at UBS. Elsewhere, Facebook, Inc. (NASDAQ:FB) options activity was the lowest in years heading into tomorrow’s quarterly report. Finally, AT&T Inc. (NYSE:T) is dealing with a collusion probe from the Justice Department ahead of earnings.