Real-Time Market Insights
Hot Stock News for Options Traders
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The Dow Jones Industrial Average (INDEXDJX:DJI) is pointed slightly higher in pre-market trading, following mixed revenue results from blue-chips The Procter & Gamble Company (NYSE:PG) and The Boeing Company (NYSE:BA). Meanwhile, today's earnings roster is stacked, with big names such as Apple Inc. (NASDAQ:AAPL) and Facebook Inc (NASDAQ:FB) set to announce quarterly results after the closing bell. On the economic front, investors are looking ahead to this morning's Markit preliminary purchasing managers manufacturing index (PMI) -- plus new home sales data -- after China released weak manufacturing data overnight.

Elsewhere, "The S&P 500 Index (SPX) rallied all day yesterday, but lost some steam near the close," said Schaeffer's Senior Trading Analyst Bryan Sapp. "The move higher stalled near the highs from March between 1,880 and 1,885. Going forward, a break above here would likely signal a rally to new all-time highs. Below, 1,850 is the key support level." In today's session, the broad-market barometer's six-day winning streak could be in jeopardy, with futures modestly lower ahead of the bell.

Plus, our Trading Topic of the Week -- 5 Reasons to Dodge Directional Risk: Take the pressure off your directional forecasting skills. If the stock looks poised for a big breakout -- but it's hard to tell which way the bull/bear scales are going to tip -- a straddle allows you to hedge your bets.

And now, on to the numbers...

Dow Jones Industrial Average, S&P and Nasdaq futures

Futures on the Dow Jones Industrial Average e (INDEXDJX:.DJI) are about 11 points above breakeven.

Market Statistics

The Chicago Board Options Exchange (CBOE) saw 1,089,786 call contracts traded on Tuesday, compared to 520,429 put contracts. The resultant single-session put/call ratio edged higher to 0.48, while the 21-day moving average remained at 0.58.

NYSE and Nasdaq summary

Volatility indices

From the Trading Floor

"Despite the S&P 500 closing up nearly 8 points yesterday, the CBOE Volatility Index (VIX) was pretty flat on the session," observed Sapp. "Additionally, bonds were significantly higher on Tuesday. These are two signs that fear is re-emerging after the recent relief rally."

Currencies and Commodities

  • The U.S. dollar index is down 0.2% ahead of the bell to trade at 79.73.
  • Crude oil, meanwhile, is positioned to extend yesterday's decline, with futures pointed 0.3% lower at $101.44 per barrel.
  • Elsewhere, gold is on the mend, with the commodity up 0.5% to linger near $1,287.40 an ounce.
Currencies and commodities

Earnings and Economic Data

The regularly scheduled crude inventories report, new home sales, and Markit's preliminary PMI will be released today. Companies entering the earnings spotlight include BA, PG, AAPL, FB, Zynga (ZNGA), Angie's List (ANGI), ARM Holdings (ARMH), Biogen Idec (BIIB), Cheesecake Factory (CAKE), Citrix Systems (CTXS), Delta Air Lines (DAL), Dow Chemical (DOW), Dr Pepper Snapple (DPS), E*TRADE Financial (ETFC), EMC Corporation (EMC), F5 Networks (FFIV), Norfolk Southern (NSC), Northrop Grumman (NOC), O'Reilly Automotive (ORLY), QUALCOMM (QCOM), Safeway (SWY), SUPERVALU (SVU), TD Ameritrade (AMTD), Texas Instruments (TXN), Thermo Fisher Scientific (TMO), and Xilinx (XLNX).

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