Stocks are a scattered bunch to kick off 2026. The Dow Jones Industrial Average (DJI) is inching higher, attempting to shrug off morning choppiness and now poised to snap a four-day skid. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are marginally lower, eyeing a five-day losing streak -- the latter's longest in almost 12 months. The Cboe Volatility Index (VIX) is sitting flat, attempting to eke out a fifth-straight win for the first time since early October.
IonQ Inc (NYSE: IONQ) is getting attention in the options pits today. At last look, over 26,000 puts have changed hands -- volume that's triple the average intraday amount and almost double the number of calls exchanged. The February 45 put is the culprit, with new positions being bought to open here. The quantum computing stock is 0.9% higher to trade at $45.29 today, with support stepping up at its 200-day moving average, nearing the $45 level.
SanDisk Corp (Nasdaq: SNDK) stock is trying to keep the Nasdaq afloat today, last seen up 11.1% to trade at $263.71. Though there's no specific catalyst, the semiconductor supplier is building off its outstanding 2025, which saw a greater than 550% gain and paced the SPX on the back of its February initial public offering (IPO).
Adobe Inc (Nasdaq: ADBE) stock is on the other side of the aisle, down 4.5% to trade at $334.29, with software peers Workday (WDAY) and Intuit (INTU) also deep in the red. ADBE is down 24% in the last 12 months, with its latest rally turned away by its descending 200-day moving average.
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