Stocks quoted in this article:
After a choppy start to the session, U.S. stocks are modestly higher at midday. Despite ongoing uncertainty over the political situation in Greece, traders were encouraged by a stronger-than-forecast rise in the Empire State manufacturing index, which jumped to 17.09 in May. The Dow Jones Industrial Average (DJI - 12,735.65) is up 40.3 points, or 0.3%. Meanwhile, the CBOE Market Volatility Index (VIX - 21.04) is down 3.8%.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all nine options exchanges stands at 1.08, as 3.922 million puts and 3.616 million calls have crossed the tape.
- One of the notable stocks with put-skewed activity is Home Depot (HD - 49.06), which has shed 1.6% on the heels of its first-quarter earnings report.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (VXX - 18.37) checks in at 1.17, with puts narrowly outnumbering calls as the security sheds 0.4%.
- The Nasdaq shows an advance/decline ratio of 1.79, with gainers comfortably outpacing laggards.
- Among the Nasdaq's major advancers is Yelp (YELP - 21.58), which is 7.7% higher on reports that Tiger Global Management snapped up a stake in the company.
- The National Association of Home Builders (NAHB) said its housing market sentiment index rose to 29 in May -- hitting its highest level in five years, and topping expectations for a reading of 26.