Stocks quoted in this article:
Despite a Commerce Department report that showed new home sales reached a two-year high in May, stocks are decidedly lower this midday, faltering on the growing pessimism surrounding the financially struggling euro zone. So far today, the Dow Jones Industrial Average (DJI - 12,475.11) has lopped off 165.7 points, or 1.3%. Elsewhere, the CBOE Market Volatility Index (VIX - 20.83) has surged back atop the 21 level, jumping 3.1 points, or 17.2%.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all nine options exchanges rests at 1.06, with 2.01 million calls changing hands so far today, compared to 2.15 million puts.
- Among the equities with heavy put activity is CIGNA Corporation (NYSE:CI - 44.56), which has slipped roughly 1.3% at last check. Today, the health insurance provider named Joan Kennedy Vice President for Consumer Health Engagement. Puts currently account for more than 99% of CI's intraday option volume.
- The put/call volume ratio on the iPath S&P 500 VIX Short Term Futures TM ETN (NYSEARCA:VXX - 17.29) stands at 0.55, with calls easily outnumbering puts.
- The New York Stock Exchange (NYSE) shows an advance/decline ratio of 0.21, pointing to an abundance of downward movers as compared to upward-moving equities.
- Among the NYSE's major decliners is Kirby Corporation (NYSE:KEX - 45.58), which has plummeted roughly 11% in intraday action. The tank barge operator took a nosedive after slashing its second-quarter and full-year earnings outlook.