Stocks quoted in this article:
The Dow Jones Industrial Average (DJI - 13,102.25) is down 244 points, or 1.8%, as it feels the weight of yet another round of lackluster earnings reports that includes E.I. du Pont de Nemours and Company (NYSE:DD), 3M Co (NYSE:MMM), and United Technologies Corporation (NYSE:UTX). Meanwhile, concerns regarding the euro zone -- particularly Spain -- continue to hover over the Street. Elsewhere, the CBOE Market Volatility Index (VIX - 19.25) is 2.6 points, or 15.8%, higher.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 10 options exchanges stands at 1.12, with 4.2 million puts traded so far today, compared to 3.8 million calls.
- Among the equities with put-slanted activity is Harley-Davidson, Inc. (NYSE:HOG - 46.19), despite gaining around 6% after unveiling better-than-expected third-quarter earnings. Currently, puts account for 59.7% of the motorcycle giant's intraday option volume.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 37.30) stands at 0.99, with calls just slightly outnumbering puts.
- The New York Stock Exchange (NYSE) shows an advance/decline ratio of 0.15, with the number of downward movers outpacing the advancers by a margin of more than six to one.
- Among the NYSE's major decliners is Xerox Corporation (NYSE:XRX - 6.46), which has surrendered about 8% -- and tagged a new multi-year low of $6.36 -- in intraday action. Although the company revealed a quarterly profit that matched analysts' expectations, revenue came up slightly short of the consensus view. Meanwhile, XRX also reduced its full-year earnings outlook.