At the opening bell

Stocks are trying to find direction at the opening bell. At some great effort, financial sector is trying to pull the market higher, S&P is up 1.38 points now. The selling effort mostly is coming from General Electric (GE). The stock is down almost 5% in the first 10 minutes of the trading at 11.59 a share.

All the major indices are now in red. Dow Jones is at 8483.58, down 8.9 points, NASDAQ, down 11.68 points at 1796.38 and S&P is at 909.43, down 0.58 points.

An interesting number just came to my attention. S&P 500 index (SPX) 900 June puts open interest is around $20 billion.