Schaeffer's Trading Floor Blog

Midday Market Stats: Dow Jones Industrial Average Up on Strong GDP Data

Gloomy forecast sends Citrix Systems deep in the red, while Under Armour spikes on fourth-quarter profit results

by 1/30/2014 12:17 PM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is up 140 points, or 0.9%, this afternoon at 15,879.59, after word hit the Street that U.S. gross domestic product (GDP) increased at a seasonally adjusted annual rate of 3.2% in the fourth quarter -- in line with expectations. Meanwhile, pending home sales plunged in December, likely due to the atypical cold front that swept the U.S. Plus, initial jobless claims rose to a higher-than-expected, seasonally adjusted 348,000 last week.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges stands at 0.74. Roughly 4.3 million calls, compared to about 3.2 million puts, have crossed the tape so far.

  2. Among the names with call-heavy trading activity today is Citrix Systems, Inc. (NASDAQ:CTXS), which has seen close to 65% of its intraday options volume change hands on the call side. On the charts today, CTXS is down 8.5% at $52.73, after earlier plunging to a two-year low, on a gloomy 2014 earnings forecast.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 4.5, with advancers outstripping declining stocks by a margin of more than 4-to-1.

  4. Among the top performers on the Big Board today is Under Armour Inc (NYSE:UA), which is up 23.7% to trade at $105.40. Earlier, the shares flew to a record peak of $106.64, thanks to strong fourth-quarter earnings data.

  5. The CBOE Volatility Index (VIX) is pointed 7.8% lower at 15.99, after yesterday finishing north of the 17 mark.

  6. The iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) has fallen 3.4% today to $44.87, after yesterday toppling the $45 level for the second time in 2014. Meanwhile, the ETN's put/call volume ratio stands at 2.51, with put volume taking a healthy lead over call volume.

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

    Unusual Option Volume

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