Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESH18:CME) | 2735.00 | +1.00 | +0.03% |
| Dow Jones (YMH18:CBT) | 25,236 | +2 | UNCH |
| Nasdaq 100 (NQH18:CME) | 6786.75 | -29.25 | -0.43% |
| Russell 2000 (RTYH:CME) | 1544.20 | +3.30 | +0.21% |
Foreign Markets, Fair Value and Volume:
- In Asia 9 out of 11 markets closed lower: Shanghai Comp +0.46%, Hang Seng -0.78%, Nikkei -1.01%
- In Europe 8 out of 12 markets are trading higher: CAC +0.09%, DAX +0.05%, FTSE -0.14%
- Fair Value: S&P -0.36, NASDAQ +5.05, Dow -10.88
- Total Volume: 1.7mil ESH & 1.6k SPH traded in the pit
Today’s Economic Calendar:
There are no scheduled economic reports today.
S&P 500 Futures: February Expiration Friday “Shake & Bake”
Friday, the S&P 500 futures traded all the way up to 2746.75, and back down to 2722.25. There was a total of 285,000 contracts traded Globex. On the 8:30 AM CT futures open, the futures traded 2726.00 and then rallied above the vwap up to 2735.50 before selling off down to 2625.50. After a pop up to 2741.75, the ES pulled back down to 2735.75 ,and then traded all the way up to 2755.00. There was another selloff back down to 2741.25, followed by a rally up to 2749.50, and then a big puke down to 2736.25.
As the Russian indictment headlines hit the tape, the ES continued lower, eventually trading down to 2730.25. After a pop back up to 2744.25, the benchmark future dumped again, selling off all the way down to 2726.00, and then rallied just above the vwap to 2738.25.
As the MiM went from showing $300 million to buy to $1.2 billion to buy, the futures made two more lower highs, traded 2736.75 on the 3:00 cash close, sold off down to a double bottom at the 2731.25 level, and then settled at 2734.50, unchanged on the day.
In the end the ES settled where it close on Thursday, 2734.50. Total volume was 1.67 million contracts, which wasn’t bad, but its been falling all week.
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