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Here’s what’s happening in the stock market today:
The stock market shows mild declines in premarket trading today as investors await critical delayed U.S. jobs data for October and November, amid ongoing AI fatigue in tech stocks. 📉📊 Futures for major indices are dipping slightly, following Monday's losses where the Nasdaq fell 0.6%, S&P 500 slipped 0.2%, and Dow dropped 0.3%.
Major Indices Performance 📊
Dow Jones futures down 0.21% at 48,360.
S&P 500 futures down 0.30% at 6,802.75.
Nasdaq 100 futures down 0.46% at 24,978.
Market Movers 🚀
Tech shares like Broadcom, Oracle, and AI-focused names continue facing pressure after recent outperformance, contributing to Nasdaq weakness. Specific top gainers and losers in early trading remain muted without standout surges reported yet.
Key Events 🗞️
Delayed jobs reports release today could signal economic health or bolster Fed rate cut expectations for 2026 if softer than anticipated. Upcoming inflation data Thursday and central bank decisions in Europe/Japan add to the week's volatility. Treasury yields hover near 4.17% for the 10-year, pressuring stocks.
Investor Sentiment 👀
Caution prevails with subdued premarket volume, balancing recent monthly gains against jobs uncertainty and tech rotation risks.
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TRADE OF THE DAY:
LITE
Name: Lumentum Holdings Inc.
Symbol: LITE
Current Price: Approximately $318.00
Trade
Sell to Open: 1 LITE Dec 26, 2025 275/270 Put Vertical
Total Credit Received: $63.00
Credit per Contract: $63.00 (assume 1 contract = 100 shares)
Direction: Bullish
Probability of Profit (PoP): 81.86%
Potential ROI:
Max Risk (Loss): $437.00
ROI: ($63.00 ÷ $437.00) × 100 ≈ 14.4%
Trade Explained in Simple English:
You are selling a bull put spread by selling the 275 put and buying the 270 put on Lumentum Holdings, both expiring on December 26, 2025. You receive $63 upfront when entering the trade. If LITE stays above about $274.37 at expiration, both options expire worthless and you keep the full credit. Your maximum loss is capped at $437, making this a defined-risk bullish strategy that benefits from the stock staying above the break-even level.
Wall Street Highlights:
News Beyond the Numbers
A bidding war erupts for Warner Bros Discovery after Paramount Skydance submits a 12-digit proposal, while Union Pacific agrees to an $88 billion deal for Norfolk Southern and Electronic Arts completes a record $55 billion acquisition. Read more.
UK's Serica Energy agrees to acquire Southern North Sea assets from Spirit Energy for $76 million in an upfront cash deal. Read more.
Activist investor Kimmeridge Energy Management offers $6 billion to buy gas driller Ascent Resources. Read more.
WSP Global announces a $3.3 billion all-cash acquisition of U.S. power and energy firm TRC Companies. Read more.
PwC reports M&A activity reached 10,333 deals worth $1.6 trillion through November 2025, fueled by AI boom and private equity revival, highlighted by Workday's $1.1 billion deal for Swedish AI startup Sana. Read more.
Disclaimer: The content provided by OptionPicks is for informational and educational purposes only and should not be construed as investment, financial, legal, or tax advice. We are not registered as a broker-dealer, investment adviser, or financial advisor with the SEC, FINRA, or any other regulatory authority. Options trading involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results, and no representation is being made that any subscriber will or is likely to achieve profits or incur losses similar to those mentioned. You should consult with a licensed financial professional before making any investment decisions.
