Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Led Higher by Intel Corporation

Southwest Airlines Co moves higher, call trading accelerates

by 6/13/2014 11:58 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is positioned above breakeven, up 31 points, or 0.2%, at 16,765.21, boosted by Intel Corporation's (NASDAQ:INTC) guidance-induced rally. Elsewhere, the producer price index (PPI) unexpectedly fell last month, and consumer sentiment cooled off slightly from the end of May.

Here are a few noteworthy stats at midday:

  1. The advance/decline ratio on the New York Stock Exchange (NYSE) is 1.14, with advancers besting decliners.

  2. The equity put/call volume ratio across all 12 options exchanges checks in at 0.78, with calls outstripping puts. Currently, 3.67 million calls are on the tape, compared to 2.88 million puts.

  3. Among the equities with notable call volume is Southwest Airlines Co (NYSE:LUV), which is up 1.7% to trade at $26.16. LUV's total options volume is more than three times the average intraday amount, and nearly 95% of today's activity has transpired on the call side.

  4. In the latest American Association of Individual Investors (AAII) survey, the percentage of bulls spiked 5.2 percentage points to a year-to-date high of 44.7%. Meanwhile, the percentage of bears slipped to 21.3% from 22.2%, and the percentage of neutral investors tumbled to 34.1% from 38.3%.

  5. The CBOE Volatility Index (VIX) is down 0.3 point, or 2%, at 12.31. The market's "fear gauge" hasn't finished above 12 on a weekly basis since mid-May.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently off 1.6% at $31.84 -- is 0.96, with puts and calls roughly neck and neck.

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

Unusual Option Volume at Midday

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