Opening View
Stocks quoted in this article:

The Dow Jones Industrial Average (DJI) is attempting to recover from yesterday's post-election swoon, with the blue-chip barometer trading moderately higher ahead of the bell. "Markets did an about-face yesterday, as heavy selling crushed major indices by more than 2%," pointed out Schaeffer's Senior Options Strategist Tony Venosa. "The looming 'fiscal cliff' and euro-zone economic issues have been brought to the forefront."

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average are about 28 points above fair value.

Market Statistics

Equity option activity on the Chicago Board Options Exchange (CBOE) saw 966,873 call contracts traded on Wednesday, compared to 733,987 put contracts. The resultant single-session put/call ratio rose to 0.76, while the 21-day moving average jumped to 0.71.

NYSE and Nasdaq summary

Volatility indices

From the Trading Floor

"Keep an eye on the $140 level as possible support for the SPY, with peak put open interest residing at this strike," continued Venosa. "If this doesn't hold, look for a quick drop down to the next major put strike, which is located at 138."

Currencies and Commodities

  • The U.S. dollar index is paring some of yesterday's losses, up 0.1% at 80.84.
  • Likewise, crude oil is bouncing back from four-month lows. At last check, the commodity was up 1.3% to trade at $85.52 per barrel.
  • Elsewhere, gold futures are modestly higher, with December-dated gold up 0.3% to trade at $1,718.80 an ounce.
Currencies and commodities

Earnings and Economic Data

Today's economic calendar brings us the latest weekly jobless claims, as well as the trade balance for September, Meanwhile, the earnings docket features reports from Walt Disney (DIS), Groupon (GRPN), Advance Auto Parts (AAP), Dean Foods (DF), Duke Energy (DUK), FirstEnergy (FE), Kohl's (KSS), Molycorp (MCP), Monster Worldwide (MWW), Nordstrom (JWN), NVIDIA (NVDA), Savient Pharmaceuticals (SVNT), Sequenom (SQNM), Spreadtrum Communications (SPRD), and Zipcar (ZIP).

Page 1Page 2


Partner Center

© 2015 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email:

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by | Data delayed 15-20 minutes unless otherwise indicated.