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Hot Stock News for Options Traders

Dow Jones Industrial Average Jumps on Intel Beat, Apple/IBM Deal

China's second-quarter GDP arrived higher than expected

by 7/16/2014 8:11:17 AM
Stocks quoted in this article:

Action on the corporate front is driving the Dow Jones Industrial Average (INDEXDJX:DJI) higher this morning, with futures sitting solidly in the green ahead of the bell. Specifically, Intel Corporation (NASDAQ:INTC) reported better-than-expected quarterly earnings last night, while International Business Machines Corp. (NYSE:IBM) and Apple Inc. (NASDAQ:AAPL) announced a new partnership. All three stocks are pointed north in pre-market trading.

Investors will also have their hands full digesting a round of economic data points that include updates on housing, factory activity, and inflation. Additionally, Federal Reserve Chair Janet Yellen will conclude her two-day testimony in front of Congress, speaking before the House Financial Services Committee later this morning. Separately, Dallas Fed President Richard Fisher is slated to take the podium around midday.

Plus, our Trading Topic of the Week -- How to Get Started with Options: Stick with basic strategies. Make sure you master the fundamentals before spreading your wings with iron condors and long butterflies.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average (INDEXDJX:.DJI) are more than 53 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.07 million call contracts traded on Tuesday, compared to 621,050 put contracts. The resultant single-session put/call ratio remained at 0.58, while the 21-day moving average rose to 0.54.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is flirting with a 0.2% lead ahead of the bell to trade at 80.54.
  • Elsewhere, crude oil is looking to climb back atop the century mark, with the commodity up 0.9% at $100.41 per barrel.
  • Gold, meanwhile, is up 0.1% to linger near $1,298.10 an ounce.
Currencies and commodities

Earnings and Economic Data

The producer price index (PPI) and core PPI, Treasury International Capital (TIC) data for May, industrial production and capacity utilization, the National Association of Home Builders (NAHB) housing market index, regularly scheduled crude inventories, and the Federal Reserve's Beige Book are all on today's docket. Reporting earnings are Bank of America (BAC), EBAY, Abbott Labs (ABT), BlackRock (BLK), MGIC Investment (MTG), PNC Financial Services (PNC), SanDisk (SNDK), St. Jude Medical (STJ), U.S. Bancorp (USB), and Yum! Brands (YUM).

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