Stocks quoted in this article:
Wall Street is extending Thursday's Fed-induced rally, as the Dow Jones Industrial Average (DJI - 13,592.13) is up 52 points, or 0.4%. Meanwhile, a couple of upbeat economic reports may be adding a little fuel to today's fire. U.S. retail sales increased 0.9% last month, while the Thomson Reuters/University of Michigan's preliminary consumer sentiment index reading for September climbed to 79.2 -- marking its highest level since May. Elsewhere, the CBOE Market Volatility Index (VIX - 14.59) is 0.5 point, or 3.8%, higher.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all 10 options exchanges stands at 0.53, with 7.9 million calls traded so far today, compared to 4.2 million puts.
- Among the equities with heavy call activity is Coca-Cola Enterprises Inc (NYSE:CCE - 30.91), despite falling about 0.5% today. Currently, calls make up 98.5% of the beverage giant's intraday option volume.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 8.97) -- which touched a new record low of 8.55 this morning -- sits at 0.93, with calls outstripping puts.
- The New York Stock Exchange (NYSE) shows an advance/decline ratio of 3.08, confirming that the number of upward movers more than triples the decliners.
- Among the NYSE's major advancers is OfficeMax Incorporated (NYSE:OMX - 7.94), which has gained about 11.7% -- and tagged a fresh annual high of $7.99 -- in intraday action. The office supplier is enjoying a halo lift amid rumors regarding a possible buyout of sector peer Staples, Inc. (NASDAQ:SPLS). OMX also scored a price-target hike to $9 from $7 at Credit Suisse earlier this morning.