Schaeffer's Trading Floor Blog

Midday Market Stats: Strong Consumer Confidence Lifts Dow Jones Industrial Average

Yamana Gold Inc. (USA) trading heats up, McCormick & Company, Incorporated pops on earnings beat

by 3/25/2014 12:06 PM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) has muscled 38.9 points, or 0.2%, higher to 16,315.55, helped by news that U.S. consumer confidence rose to higher-than-expected levels in March. Elsewhere, February new home sales came up short of the consensus view, while the latest S&P/Case-Shiller 20-city home price index offered mixed signals.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 12 options exchanges checks in at 0.77, with calls outpacing puts. Currently, 3.89 million calls have crossed the tape, compared to 3.03 million puts.

  2. Among the equities with notable call volume is Yamana Gold Inc. (USA) (NYSE:AUY), which is 1.3% higher at $9.20. Over 95% of AUY's options volume has traded on the call side.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 1.20, with advancers running ahead of decliners.

  4. One of the Big Board's noteworthy gainers today is seasoning king McCormick & Company, Incorporated (NYSE:MKC), which has tacked on 5.8% to trade at $71.39 following a fiscal first-quarter earnings beat early this morning.

  5. The CBOE Volatility Index (VIX) is off 0.2 point, or 1.1%, to 14.92, putting it on track for its second finish below 15 in the last four days.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- up slightly at $44.39 -- registers at 2.17, with put volume more than doubling call volume.

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

Unusual Option Volume at Midday


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