Schaeffer's Trading Floor Blog
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The Dow Jones Industrial Average (INDEXDJX:.DJI) is down 224 points, or 1.5%, to 14,575.54, as it feels the weight of some negative news out of Asia. On the home front, the Dallas Fed said its business activity index arrived at 6.5 this month -- up from May's reading of negative 10.5, and hitting its highest level since March. Meanwhile, the Chicago Fed's national activity index rose to negative 0.30 last month from negative 0.52 in April.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 11 options exchanges checks in at 1.03, with 5.3 million puts crossing the tape so far today, versus 5.1 million calls.

  2. Among the equities with put-heavy activity is ARM Holdings plc (ADR) (NASDAQ:ARMH), which has lost about 0.5% since the opening bell. Currently, puts make up 98% of the security's intraday option volume. At last check, ARMH was trading at $35.00.

  3. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 0.04, with the number of downward movers outstripping the advancers by a margin of 25-to-1.

  4. Among the NYSE's major decliners is Cliffs Natural Resources Inc (NYSE:CLF), which has shed about 8.3% -- and touched a new multi-year low of $15.50 -- in intraday action. A number of coal stocks are swimming in red today, after the U.S. Supreme Court said it would reconsider a clean-air regulation submitted by the Environmental Protection Agency (EPA) that would require a reduction in power-plant emissions. CLF is presently trading at $15.77.

  5. The CBOE Volatility Index (VIX) is 1.6 points, or 8.6%, higher, to rest at 20.53.

  6. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) -- which is currently perched at 22.88 -- sits at 1.15, with puts outweighing calls.

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

Unusual Option Volume at Midday


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