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Midday Market Stats: Dow Jones Industrial Average Plummets 153 Points

PETS nose-dives on disappointing quarterly earnings

by 7/23/2012 11:50 AM
Stocks quoted in this article:

The Dow Jones Industrial Average (DJI - 12,669.77) is down 153 points, or 1.2%, thanks to intensifying fears over whether debt-riddled Spain will need a bailout similar to Greece. The blue-chip index has managed to bounce off its intraday low of 12,583.41. Elsewhere, the CBOE Market Volatility Index (VIX - 19.15) is up 2.9 points, or 17.7%.

Here are a few noteworthy stats at midday:

  1. The equity put/call volume ratio across all 10 options exchanges sits at 1.03, with 3.2 million puts being traded so far today, versus 3.1 million calls.

  2. Among the equities with put-skewed activity is The Hartford Financial Services Group Inc (NYSE:HIG - 15.98), which has lost about 1.8% so far today. Currently, puts make up 93.9% of HIG's intraday option volume.

  3. The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX - 12.74) checks in at 0.85, with calls outnumbering puts.

  4. The Nasdaq shows an advance/decline ratio of 0.19, indicating that the number of downward movers outstrips the advancers by a margin of more than five to one.

  5. Among the Nasdaq's major decliners is PetMed Express Inc (NASDAQ:PETS - 9.82), which has declined by about 12.8% in intraday action. The pet pharmacy reported weaker-than-expected first-quarter earnings earlier in the session.
Unusual Option Volume at Midday


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