The markets started the new, shortened holiday week with yet another day of records for the S&P 500 (SPX) and the Dow Jones Industrial Average (DJIA). This followed Friday’s record highs for both.?
The?S&P 500 closed up?9.30 points (0.5%), to 1,827.99, close to an intra-day high and another record close. The Dow jumped?73.47 points (0.5%) to 16,294.61. This represented record high No. 48 for the year.
The?Nasdaq?Composite (COMP)?rose 44.16 points (1.1%), to 4,148.90–a 13-year high. This came in part from a rally in one of its components, Apple Inc (AAPL).
The company?penned a deal with China Mobile to sell its popular iPhones. The stock closed at $570.09, up $21.07 (3.84%).
Earlier in the trading day,?Andrew Wilkinson, chief economic strategist at Miller Tabak, wrote in a research piece?via CNBC,?”China Mobile has 750 million customers and represents an ideal platform for the American technology provider to enter the region’s markets.”
Apple’s options were the second most actively traded ones on Monday with their 422,856 contracts (60.4% calls and 39.6% puts), according to Trade Alert.
Topping the list for the most actively traded option was Facebook (FB). On Monday, the social networking site enjoyed its first day of trading as an?S&P 500 company. The stock closed at $57.77, up 2.65 (4.81%).
For Facebook options, 454,063 contracts exchanged hands with 62.6% calls and 37.4% puts.
CME Group options also saw a busy trading day as it topped The Options Insider’s most active equity options and strikes. Earlier in the trading day, news came out that the exchange was suing an ex-executive for breach-of-contract and that it was also seeking to expand its cash options for clearinghouse default rules.?
Reminder: On Tuesday, the stock market will close at 1 p.m. eastern time. ?