U.S. stock futures are trading broadly higher this morning, as Wall Street prepares for the start of another earnings season. Big banks will kick earnings into high gear today. J.P. Morgan Chase & Co. (NYSE:JPM) has already stepped into the earnings confessional this morning. Following on its heels are Goldman Sachs Group, Inc. (NYSE:GS) and Morgan Stanley (NYSE:MS) and Bank of America Corp. (NYSE:BAC) reporting next week.
Heading into the open, Dow Jones Industrial Average Futures are up 0.23%, S&P 500 futures have lost 0.03% and Nasdaq-100 futures have dropped 0.12%.
Turning to the options pits, Thursday’s volume was brisk. Overall, about 22.3 million calls and 15.1 million puts changed hands. The CBOE single-session equity put/call volume ratio rose to 0.63. The 10-day moving average ticked lower to 0.56.
Taking a closer look at yesterday’s options activity, Bank of America drew heavy call activity amid the plethora of financial firms releasing quarterly earnings. BofA reports Wednesday next week. Meanwhile, Micron Technology, Inc. (NASDAQ:MU) options traders loaded up on calls despite the stock’s Intel Corporation (NASDAQ:INTC) driven plunge. Finally, Delta Air Lines, Inc. (NYSE:DAL) volume ramped up following a solid quarterly report.