Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Churns Lower Following Jobs Report

Call players flock to CenterPoint Energy, Inc., while Halozyme Therapeutics, Inc. plunges on halted trial

by 4/4/2014 12:10 PM
Stocks quoted in this article:

After rallying to a new intraday peak right out of the gate, the Dow Jones Industrial Average (INDEXDJX:.DJI) was last seen lingering just south of breakeven, down 28.83 points, or 0.17%, at 16,543.72. Although this morning's nonfarm payrolls report showed strong job growth for the second straight month, the number fell short of consensus estimates. Meanwhile, the unemployment rate remained unchanged at 6.7%, as more people entered the labor force.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges stands at 0.94. Roughly 4.97 million calls, compared to about 4.71 million puts, have crossed the tape so far.

  2. Among the names with call-heavy trading activity today is CenterPoint Energy, Inc. (NYSE:CNP). At last check, all of the stock's intraday options volume had changed hands on the call side. On the charts, meanwhile, CNP is up just 0.5% to trade at $23.99.

  3. The Nasdaq shows an advance/decline ratio of 0.24, with decliners roughly quadrupling advancing stocks.

  4. Among the underperformers on the Nasdaq today is Halozyme Therapeutics, Inc. (NASDAQ:HALO), which is down 28.2% to trade at $8.31, after temporarily halting phase 2 enrollment of its pancreatic cancer treatment study.

  5. In the latest American Association of Individual Investors (AAII) poll, the percentage of bulls increased to 35.4% from 31.2%. Meanwhile, the percentage of bears and neutral investors dipped to 26.8% (from 28.6%) and 37.9% (from 40.2%), respectively.

  6. The CBOE Volatility Index (VIX) is up 3.6% at 13.85 this afternoon. The market's "fear gauge" opened this morning south of the 13 mark, but has managed to climb its way back north as stocks stage a retreat.

  7. The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) has tacked on 1.5% to $41.62. Meanwhile, the ETN's put/call volume ratio stands at 1.11 with put volume slightly outpacing call volume.

View a real-time chart of the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI).

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