Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Swings Higher After Early Dip

CBS Corporation and Time Warner Cable Inc are both big gainers

by 2/13/2014 11:52 AM
Stocks quoted in this article:

After spending much of the morning in the red, the Dow Jones Industrial Average (INDEXDJX:.DJI) has rebounded -- up 34.2 points, or 0.2%, to 15,998.17 -- following the latest round of mixed economic data. Specifically, jobless claims rose to a higher-than-anticipated 339,000 last week, and January retail sales fell by more than expected. Meanwhile, business inventories rose in line with estimates.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges is 0.75, with calls outnumbering puts by a 4-to-3 count. At last check, 3.43 million calls had been exchanged, versus 2.59 million puts.

  2. Among the equities with significant call volume is CBS Corporation (NYSE:CBS), which is up 4.1% to $64.40 after posting a fourth-quarter earnings beat and tagging a new record high of $64.90. At last check, 89.5% of CBS' options volume had transpired on the call side.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 1.42, with advancers outstripping declining issues.

  4. One of the Big Board's noteworthy winners today is Time Warner Cable Inc (NYSE:TWC), which has jumped nearly 7% higher to wink at $144.61, on the heels of this morning's merger news. Earlier, the stock also touched a fresh all-time high of $146.19.

  5. The CBOE Volatility Index (VIX) has slipped 0.1 point, or 1%, at 14.15.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- up 0.3% at $43.03 -- registers at 1.12, with put volume slightly 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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