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Hot Stock News for Options Traders

Dow Jones Industrial Average Pointed Higher Despite Overseas Unrest

Potential U.S. military involvement in Iraq shakes international markets

by 8/8/2014 8:12:37 AM
Stocks quoted in this article:

Futures on the Dow Jones Industrial Average (INDEXDJX:DJI) are hovering slightly above breakeven, shaking off earlier losses tied to President Barack Obama's authorization of targeted airstrikes in Iraq to protect U.S. personnel and persecuted minority groups. Overseas, traders in Asia weighed weak export and industrial output guidance from the Bank of Japan (BoJ) against China's spike in July exports, while those in Europe are expressing concerns over mounting geopolitical tensions in the Middle East and on the Ukrainian border. Looking ahead, preliminary second-quarter labor productivity and cost data are slated for release ahead of the open, while wholesale inventories numbers will be released later in the morning.

  • Put volume erupted in QUALCOMM, Inc.'s (NASDAQ:QCOM) options pits, as one trader apparently tried to stop the bleeding.
  • Dow component Intel Corporation (NASDAQ:INTC) had speculators placing downside bets in the November series of options.
  • Find out how this mobile gaming issue did in its public trading debut.
Plus, our Trading Topic of the Week -- Trading Stock Trends: Don't sweat the small stuff. When you're playing trends, it's important to remember that stocks don't move in straight up-and-down lines. There's no need panic out of the trade at the first hiccup in the share price.

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 about 22 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1.0 million call contracts traded on Thursday, compared to 648,128 put contracts. The resultant single-session equity put/call ratio fell to 0.65, while the 21-day moving average held steady at 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is 0.2% lower at 81.38.
  • Crude oil is pointed 0.8% higher at $98.13 per barrel.
  • Gold is also up 0.6% at $1,320.10 an ounce.
Currencies and commodities

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