Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Dips, Clings to Weekly Gain

Alcatel Lucent SA (ADR) slides despite upbeat earnings report

by 5/9/2014 12:02 PM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is sitting 5.5 points, or 0.03%, lower at 16,545.45, putting the blue-chip index near breakeven for the week. On the economic front, the Labor Department's Job Openings and Labor Turnover Survey (JOLTS) revealed the U.S. job openings rate fell 2.8% in March to 4.014 million, while March wholesale inventories expanded at a faster-than-expected clip.

Here are a few noteworthy stats at midday:

  1. The advance/decline ratio on the New York Stock Exchange (NYSE) registers at 0.77, with advancing stocks trailing declining issues.

  2. The equity put/call volume ratio across all 12 options exchanges checks in at 0.93, with calls outpacing puts. Currently, 3.23 million calls have changed hands, compared to 3.00 million puts.

  3. Among the equities with notable call volume is Alcatel Lucent SA (ADR) (NYSE:ALU), which has seen roughly 99% of its options volume exchanged on the call side. The Paris-based network-equipment firm reported a slimmer-than-expected first-quarter loss during the overnight hours. However, ALU was last seen 4.5% lower at $3.84.

  4. In the latest American Association of Individual Investors (AAII) poll, the percentage of bulls fell to 28.3% from 29.8% the week prior. The percentage of neutral investors rose to 43% from 40.8%, while the percentage of bears dipped to 28.7% from 29.5%.

  5. The CBOE Volatility Index (VIX) is up 0.3% at 13.47, after earlier peaking above the 14 level.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently 0.8% lower at $38.82 -- is 0.54, with calls nearly doubling puts.

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

Unusual Option Volume at Midday


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