Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Up As Russia Backs Down

Call players swarm Office Depot Inc, while JinkoSolar Holding Co., Ltd. soars on positive earnings

by 3/4/2014 11:58 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) has rebounded 208.5 points, or 1.29%, today to 16,376.52, as tension between Russia and Ukraine simmered, easing fears of a possible war in the region. What's more, the S&P 500 Index (SPX) skyrocketed out of the gate, notching a record intraday high of 1,871.44.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges stands at 0.67. Roughly 4.57 million calls, compared to about 2.99 million puts, have crossed the tape so far.

  2. Among the names with call-heavy trading activity today is Office Depot Inc (NYSE:ODP), which has seen all of its intraday options volume change hands on the call side. On the charts, ODP shares are up 2.9% to trade at $5.01, despite a lack of notable news drivers.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 6.84, with advancers outpacing declining stocks by a margin of nearly 7-to-1.

  4. Among the top outperformers on the NYSE today is JinkoSolar Holding Co., Ltd. (NYSE:JKS), which is up 13.1% at $34.75, after receiving a price-target hike to $49.20 from $45.60 at Jefferies this morning. The company also reported stronger-than-expected fourth-quarter earnings before yesterday's open.

  5. The CBOE Volatility Index (VIX) is down 11.1% today to 14.22, after closing yesterday's session at 16.00.

  6. The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) has fallen 6.1% today to $43.48. Meanwhile, the ETN's put/call volume ratio stands at 1.11, with put volume slightly outpacing call volume.

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

Unusual Option Volume

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