Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Higher Despite Weak Housing Data

Qlik Technologies Inc and Beazer Homes USA, Inc. rally on fundamental news

by 2/21/2014 11:50 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is up 37.9 points, or 0.2%, at 16,171.14, with investors shrugging off downbeat existing home sales data from the National Association of Realtors. Specifically, sales of previously owned homes dropped by a steeper-than-forecast 5.1% in January, to a seasonally adjusted annual rate of 4.62 million.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges checks in at 0.64, with calls outweighing puts. At last check, 4.69 million calls had changed hands, versus 3.02 million puts.

  2. Among the equities with significant call volume is Qlik Technologies Inc (NASDAQ:QLIK), which is up 3.6% to trade at $28.91, following a fourth-quarter earnings beat last night. At last check, nearly 95% of QLIK's options volume had traded on the call side.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 1.95, with advancers roughly doubling decliners.

  4. One of the NYSE's noteworthy winners today is Beazer Homes USA, Inc. (NYSE:BZH), which has popped 3.8% higher to $21.56. Yesterday afternoon, the homebuilder appointed a new Phoenix-division president.

  5. In the latest American Association of Individual Investors (AAII) survey, the percentage of bulls and neutral investors both increased week-over-week to 42.2% (from 40.2%) and 35.0% (from 32.5%), respectively. The percentage of bears, however, slid to 22.8% from 27.3%.

  6. The CBOE Volatility Index (VIX) has shed 0.5 point, or 3.3%, to 14.31, but remains on track to finish above the 14 level for the third straight session.

  7. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- down 1% at $42.11 -- registers at 1.48, with put volume racing ahead of call volume.

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

Unusual Option Volume at Midday


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