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Hot Stock News for Options Traders

Dow Jones Industrial Average Set to Rally; Dollar-Store Drama Heats Up

The DJI is on track to start the day higher, with some key economic data on tap

by 8/21/2014 8:25:27 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed higher in pre-market action, with the blue-chip index on track to continue Wednesday's positive momentum. The day's economic docket is full of potentially market-moving news, with traders looking ahead to reports on employment, housing, and manufacturing. On the equity front, the dollar-store bidding war continues to heat up. Citing antitrust concerns, Family Dollar Stores, Inc. (NYSE:FDO) has officially rebuffed a $78.50-per-share offer from Dollar General Corp. (NYSE:DG) -- a move that seems likely to raise the ire of outspoken FDO investor Carl Icahn.

Plus, our Trading Topic of the Week -- Reasons to Dodge Directional Risk: Capitalize on expected volatility spikes. There are several technical and sentiment indicators that can tell you whether a stock is on the verge of some major volatility -- including Bollinger Bands and high levels of short interest.

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 nearly 37 points above fair value.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 825,343 call contracts traded on Wednesday, compared to 561,842 put contracts. The resultant single-session equity put/call ratio dipped to 0.56, while the 21-day moving average edged down to 0.64.

NYSE and Nasdaq summary

Volatility indices

Currencies and Commodities

  • The U.S. dollar index is barely higher this morning, up 0.02% at 82.25.
  • Crude oil is on the decline, dropping 0.8% to trade at $92.73 per barrel.
  • Gold is extending yesterday's losses, off more than 1% at $1,282.00 per ounce.
Currencies and commodities

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