Stocks quoted in this article:
The Dow Jones Industrial Average (DJI - 12,489.45) is off 13 points, or 0.1%, as investors are focusing on the usual euro-zone concerns, as well as a drop in the Conference Board's consumer confidence index. Elsewhere, the CBOE Market Volatility Index (VIX - 20.23) is down 0.2 point, or 0.7%.
Here are a few noteworthy stats at midday:
- The equity put/call volume ratio across all nine options exchanges stands at 1.03, with 2.1 million puts being exchanged so far today, compared to 2.0 million calls.
- Among the equities with put-heavy activity is Elan Corporation (NYSE:ELN - 14.48), despite gaining 2.8% so far today. Currently, puts make up 89.3% of the biotech company's current intraday option volume.
- The put/call volume ratio on the iPath S&P 500 VIX Short-Term Futures ETN (VXX) sits at 0.52, with calls nearly doubling puts.
- The New York Stock Exchange (NYSE) shows an advance/decline ratio of 0.88, indicating that the number of downward movers outstrips the advancers.
- Among the NYSE's major decliners is Navistar International Corporation (NYSE:NAV - 24.82), which has extended Monday's decline by about 2% in intraday trading. On Friday, the commercial vehicle concern was slapped with a credit-rating cut at Fitch Ratings amid high warranty costs and possible emissions compliancy issues.