Dow Wins the Daily Battle But Loses the Weekly War

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Stocks rebounded on signs of progress in D.C.

by Andrea Kramer (akramer@sir-inc.com) 11/16/2012 4:17:10 PM

Stocks quoted in this article:

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In the Options Pits

Option bears blitzed Google (NASDAQ:GOOG) ahead of expiration.
Traders gambled on an extended rally for Akamai Technologies (NASDAQ:AKAM).
Option players waxed pessimistic on Nike (NYSE:NKE), despite today's bounce.
Short-term speculators swarmed Pfizer (NYSE:PFE), while Nvidia (NASDAQ:NVDA) was targeted by longer-term bulls.
Sherwin-Williams (NYSE:SHW) emerged as a potential contrarian play.

Commodities

Crude futures closed higher today, catching a lift from the intensifying conflict between Israel and Palestine. December-dated oil settled on a gain of $1.22, or 1.4%, at $86.67 per barrel. For the week, crude advanced 0.8%.

Gold futures managed a minor gain, with geopolitical anxiety helping the precious metal bounce back from Thursday's drubbing. The December contract tacked on 90 cents, or roughly 0.1%, to close at $1,714.70 per ounce. On a weekly basis, however, gold fell 0.9%.

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More Market Recap Articles

Friday, May 24, 2013
Dow Posts First Weekly Loss Since Mid-April

The Dow Jones Industrial Average (DJI) recovered from a negative start, clawing its way to a gain of 8.6 points, or 0.06%, by the close. Procter & Gamble (NYSE:PG) led the 14 gainers, rising 4.0%, while Hewlett-Packard (NYSE:HPQ) paced the 15 laggards, down 2.6%. DuPont (NYSE:DD) finished flat. The Dow ended at 15,303.10, off 0.3% from last Friday's close.

Thursday, May 23, 2013
Another Wide Trading Range Resolves Slightly Lower

The Dow Jones Industrial Average (DJI) traded in another wide range, from 15,180.23 a half-hour after the opening bell, to 15,348.41 roughly an hour before the close. While the bears ultimately claimed victory, it was a modest one, as the index dropped just 12.7 points, or 0.08%, to close at 15,294.50. Nine of the index's 30 members moved higher, with Hewlett-Packard (NYSE:HPQ) rocketing up 17% after its well-received earnings report. At the back of the pack, pacing the 21 decliners, was Alcoa (NYSE:AA), down 1.7% today.

Wednesday, May 22, 2013
Stocks End Tumultuous Day in the Red After Fed Minutes Halt Rally

At its highest point today, the Dow Jones Industrial Average (DJI) was up nearly 155 points to peg a new all-time apex of 15,542.40. At its intraday nadir, the index was off almost 122 points, at 15,265.96. When the dust settled, the Dow was down 80.4 points, or 0.5%, at 15,307.17, maintaining its grip above its 10-day moving average. Just seven Dow stocks managed to end the day higher, with Pfizer (NYSE:PFE) leading the charge, up 1.8%. Pacing the lagging majority was Cisco Systems (NASDAQ:CSCO), which dropped 2.8% on the day.

Tuesday, May 21, 2013
Fed Remarks Boost Stocks to Another Tuesday Win

The Dow Jones Industrial Average (DJI) turned into negative territory this morning, putting its streak of 18 winning Tuesdays in jeopardy, but the blue-chip index turned higher in late-morning trading, notching a 19th consecutive Tuesday win, up 52.3 points, or 0.3%, at 15,387.58. In other record news, the Dow hit yet another new all-time high of 15,434.50 during the session. Eighteen of the 30 Dow components moved higher today, led by Merck (NYSE:MRK), which rallied 4.7%. Alcoa (NYSE:AA) was unchanged today, and Travelers Companies (NYSE:TRV) brought up the rear, losing 2.2%.

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Options Flow Recap

Most Active Option Strikes - Stocks

Symbol	Today's Volume	Expiration	Strike	Put Call	% on Bid Price	% on Ask Price
PFE	67626	7/20/13	35	C	0.0%	0.0%
PFE	67616	7/20/13	35	P	0.0%	0.0%
AAPL	57862	5/24/13	445	C	43.4%	36.4%
YHOO	41112	1/18/14	30	C	1.1%	0.8%
YHOO	41098	1/18/14	20	C	1.5%	1.1%
AAPL	37099	5/24/13	440	P	37.1%	35.7%
AAPL	34555	5/24/13	445	P	44.7%	38.0%
AAPL	31415	5/24/13	450	C	36.0%	34.8%
ZTS	28093	7/20/13	40	C	0.0%	0.3%
ZTS	27940	7/20/13	40	P	0.0%	0.1%

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