Schaeffer's Trading Floor Blog
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The Dow Jones Industrial Average (INDEXDJX:.DJI) is down 52 points, or 0.4%, to 14,495.75, after several lackluster quarterly earnings reports -- which included blue-chip component Caterpillar Inc. (NYSE:CAT) -- hit the Street ahead of this morning's open. Meanwhile, the National Association of Realtors said existing home sales unexpectedly fell by 0.6% last month to a seasonally adjusted yearly rate of 4.92 million.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 11 options exchanges stands at 0.93, with 3.0 million calls changing hands so far today, compared to 2.8 million puts.

  2. Among the equities with call-heavy activity is Saks Inc (NYSE:SKS), which has slipped 0.3% since the opening bell. Nevertheless, calls make up 95.8% of the department store's intraday option volume. At last check, SKS was trading at $11.10.

  3. The Nasdaq shows an advance/decline ratio of 0.55, with the number of downward movers almost doubling the advancers.

  4. Among the Nasdaq's major decliners is Angie's List Inc (NASDAQ:ANGI), which declined about 3.8% today, despite receiving some bullish brokerage attention in pre-market activity. Specifically, Stifel Nicolaus raised the stock's price target to $28 from $21, after the company announced it has topped the two million paid-households level. ANGI is presently trading at $19.96.

  5. The CBOE Market Volatility Index (INDEXCBOE:VIX) is 0.2 point, or 1.4%, higher, to explore the 15.18 region.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- currently hovering at 20.23 -- checks in at 1.13, with puts outweighing calls.

View a real-time chart of the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) here.

Unusual Option Volume at Midday


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