Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Slightly Lower Ahead of Fed Statement

The Goodyear Tire & Rubber Company calls are in focus, Vera Bradley, Inc. surges on fourth-quarter earnings

by 3/19/2014 12:02 PM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is positioned just a fraction south of breakeven this afternoon, down 3 points, or 0.02%, at 16,333.24. While there is little activity on the economic front today, investors are anxiously awaiting the Federal Open Market Committee's (FOMC) policy statement (slated for release at 2 p.m. ET) and the subsequent news conference with Fed Chair Janet Yellen.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges stands at 0.69. Roughly 2.81 million calls, compared to about 1.94 million puts, have crossed the tape so far.

  2. Among the names with call-heavy trading activity today is The Goodyear Tire & Rubber Company (NASDAQ:GT), which has seen almost all of its intraday options volume change hands on the call side. On the charts, GT shares are down 1.3% today to trade at $27.34.

  3. The Nasdaq shows an advance/decline ratio of 0.69, with decliners outnumbering advancing stocks at midday.

  4. Among the top performers on the Nasdaq today is Vera Bradley, Inc. (NASDAQ:VRA), which is up 7.2% to trade at $28.08 on stronger-than-expected fourth-quarter earnings results.

  5. The CBOE Volatility Index (VIX) is on target to finish its second consecutive session below the 15 mark, currently down 0.5% at 14.45.

  6. The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) has shed 0.2% today to $43.49. Meanwhile, the ETN's put/call volume ratio stands at 1.78, with put volume easily outpacing call volume.

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

Unusual Option Volume

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