Real-Time Market Insights
Hot Stock News for Options Traders
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:.DJI) is set to extend Thursday's triple-digit decline, with futures pointed solidly lower ahead of the bell. "Markets across the globe sold off yesterday, spooked by a report that showed manufacturing in China contracted," said Schaeffer's Senior Options Strategist Tony Venosa, CMT. "Selling in domestic equities was widespread, as money moved into bonds and gold. This morning, there are no economic reports set for release, so investors will most likely be focused on earnings." Additionally, a sell-off in emerging market currencies ahead of next week's Federal Open Market Committee (FOMC) policy-setting meeting is also weighing on investor sentiment. In December, the U.S. central bank voted to pare its asset-buying program by $10 billion per month.

Plus, our Trading Topic of the Week -- Trading Stock Trends: Consider at-the-money option plays. At-the-money options let you maximize your profit potential by reducing your upfront costs -- and tapping into the power of leverage.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average 2 Minute (INDEXDJX:.DJI) are more than 73 points below breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,346,004 call contracts traded on Thursday, compared to 879,643 put contracts. The resultant single-session put/call ratio jumped to 0.65, while the 21-day moving average rose to 0.54.

NYSE and Nasdaq summary

Volatility indices

From the Trading Floor

"If we see more selling today, keep an eye on the $180 level for the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), as there are heavy put accumulations at the corresponding strike in both the February and March series of options," noted Venosa.

Currencies and Commodities

  • The U.S dollar index is flirting with a 0.1% drop ahead of the bell, with the greenback hovering around 80.33.
  • Crude oil, meanwhile, is on pace to snap its recent win streak, with futures for the March-dated contract down 0.4% at $96.91 per barrel.
  • Elsewhere, gold futures are eyeing a second consecutive day of gains, with the front-month contract up 0.7% to trade at $1,271.20 an ounce.
Currencies and commodities

Earnings and Economic Data

Today's docket is clear of economic reports. Procter & Gamble (PG), Bristol-Myers Squibb (BMY), Covidien (COV), Honeywell (HON), Kimberly-Clark (KMB), Stanley Black & Decker (SWK), and Xerox (XRX) are among the companies releasing earnings on Friday.

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