Schaeffer's Trading Floor Blog
Stocks quoted in this article:

Amid an empty economic docket, the Dow Jones Industrial Average (DJI - 13,973.01) is down 20 points, or 0.1%, as investors give pause in a relatively quiet trading session. Meanwhile, Federal Reserve Vice Chair Janet Yellen is on deck to discuss the economic recovery this afternoon at 1:00 p.m. ET. Elsewhere, the CBOE Market Volatility Index (VIX - 12.98) is 0.04 point, or 0.3%, lower.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 11 options exchanges checks in at 0.92, with 2.9 million calls traded so far today, compared to 2.7 million puts.

  2. Among the equities with call-heavy activity is The Kroger Co. (NYSE:KR - 28.56), which has climbed 1.3% -- and tagged a new multi-year high of $28.79 -- during the course of the session. The grocery store chain was upgraded to "neutral" from "sell" at Goldman Sachs this morning. Currently, calls make up 96.8% of KR's intraday option volume.

  3. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 22.69) stands at 0.67, with calls easily outpacing puts.

  4. The New York Stock Exchange (NYSE) shows an advance/decline ratio of 0.71, with the number of downward movers comfortably outpacing the advancers.

  5. Among the NYSE's major decliners is Constellation Brands, Inc. (NYSE:STZ - 31.22), which has shed about 2% in intraday trading. The company filed a motion against the Department of Justice's lawsuit to prohibit a $20.1 billion bid by Anheuser-Busch InBev NV (ADR) NYSE:BUD) to acquire Grupo Modelo SA. STZ stands to benefit from the potential merger.
Unusual Option Volume at Midday


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